Conditions to Subsequent Extensions of Credit. The obligation of each Lender to make any Extension of Credit hereunder (other than the initial Extensions of Credit hereunder on the Closing Date) is subject to the satisfaction of the following conditions precedent on the date of making such Extension of Credit:
Conditions to Subsequent Extensions of Credit. (a) Both before and after giving effect to any request hereunder for an Extension of Credit under the Credit Facility, (i) each of the representations and warranties set forth in Section 8 shall be true and correct in all material respects, except to the extent that they expressly relate to an earlier date, (ii) there shall exist no Default or Event of Default, and (iii) no condition shall exist and no event shall have occurred which has had or could have a Material Adverse Effect.
Conditions to Subsequent Extensions of Credit. Subsequent to the satisfaction of the conditions set forth in Section 3.1, each request to HSBC Bank for a Line Loan, or the conversion or continuation of any LIBOR Loan or Prime Rate Loan, shall constitute confirmation by the Company of all the matters set forth in the form of the Compliance Certificate as of the date of the requested Loan, such continuation or conversion, in the same manner as if a written Compliance Certificate had been delivered even though no Compliance Certificate is required by this Section 3.2. No Line Loans, LIBOR Loans, or Prime Rate Loans shall be made if the Company is unable to make such a confirmation.
Conditions to Subsequent Extensions of Credit. Subsequent to the satisfaction of the conditions set forth in Section 3.1, each request to the Administrative Agent for an Advance or to Chase for a Letter of Credit shall constitute confirmation by the Borrower and the Company of all the matters set forth in the form of the Compliance Certificate - General in the form of Exhibit B as of the date of the Advance or the Letter of Credit in the same manner as if a written Compliance Certificate had been delivered, and the statements made shall be true on the date of such extension of credit. No Advance shall be made nor Letters of Credit issued if such certification is not made or if the Administrative Agent has received written notice from any Bank that it believes that a Default exists.
Conditions to Subsequent Extensions of Credit. Subsequent to the satisfaction of the conditions set forth in Section 3.1, each request to the Administrative Agent for an Advance or to Chase for a Letter of Credit or Swingloan shall constitute confirmation by the Borrower and the Company of all the matters set forth in the form of the Compliance Certificate - General in the form of Exhibit B as of the date of the Advance or the Letter of Credit or the Swingloan in the same manner as if a written Compliance Certificate had been delivered, and the statements made shall be true on the date of such extension of credit. The Banks shall not be obligated to make any Advance nor shall Chase be obligated to issue any Letter of Credit nor make any Swingloan if such certification is not made or if the Administrative Agent has received written notice from any Bank that it believes that a Default exists.
Conditions to Subsequent Extensions of Credit. The obligation of each Bank to make each Extension of Credit subsequent to its initial Extension of Credit shall be subject to the fulfillment of the condition precedent that the Administrative Agent shall have received a Borrowing Notice in accordance with Section 2.2 hereof, containing, in addition to the notice of borrowing, a representation by the applicable Borrower (signed by the president or chief financial officer or treasurer in the case of Griffon and signed by the president or chief financial officer or Roberx Xxxxxxxx (xx vice president) in the case of Telephonics) that (i) no Default or Event of Default has occurred and is continuing and (ii) the representations and warranties made by the Borrowers under Section 3.9 hereof shall be correct on and as of the borrowing date for such Extension of Credit as if made on and as of such date.
Conditions to Subsequent Extensions of Credit. The Bank’s obligation to make subsequent advances under the Line of Credit is subject to the following conditions:
