Continuing Conditions Precedent. The obligation of each Lender to make available any Borrowings pursuant to Sections 3.4, 3.12 or 3.13 is subject to and conditional upon the following: (a) the satisfaction of the conditions set forth in Section 7.1; and (b) that on each Drawdown Date, Conversion Date and Rollover Date there exists no Default or Event of Default and that on each Drawdown Date the representations and warranties referred to in Section 2.2 are true and correct in all material respects on each Drawdown Date with the same effect as if made as of that Drawdown Date.
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Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (Pengrowth Energy Trust)
Continuing Conditions Precedent. The obligation of each Lender to make available any Borrowings pursuant to Sections 3.43.3, 3.12 3.9 or 3.13 3.10 is subject to and conditional upon the followingupon:
(a) the satisfaction of the conditions set forth in Section 7.1; and
(b) that on the Drawdown Date and each Drawdown Date, Conversion Date and Rollover Date there exists no Default or Event of Default and that on each the Drawdown Date the representations and warranties referred to in Section 2.2 are true and correct in all material respects on each such Drawdown Date with the same effect as if made as of that Drawdown Date.
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Continuing Conditions Precedent. The obligation of each Lender to make available any Borrowings pursuant to Sections 3.4, 3.12 or 3.13 is subject to and conditional upon the following:
(a) the satisfaction of the conditions set forth in Section 7.1; and
(b) that on each Drawdown Date, Conversion Date and Rollover Date there exists no Default or Event of Default and that on each Drawdown Date the representations and warranties referred to in Section 2.2 are true and correct in all material respects on each Drawdown Date with the same effect as if made as of that Drawdown Date.
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