Credit Events Sample Clauses

Credit EventsThe obligation of any Bank to make a Loan on the occasion of any Borrowing and the obligation of the Issuing Bank to issue a Letter of Credit on the occasion of any request therefor are each subject to the satisfaction of the following conditions: (a) the fact that the Closing Date shall have occurred; (b) solely with respect to any Borrowing, receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.2 or 2.3, as the case may be; (c) solely with respect to any issuance of a Letter of Credit, receipt by the Issuing Bank, with a copy to the Administrative Agent, of a Notice of Issuance as required by Section 2.15; (d) the fact that, immediately after such Credit Event, the aggregate outstanding principal amount of the Loans plus the aggregate Letters of Credit Liabilities will not exceed the aggregate amount of the Commitments; (e) the fact that, immediately before and after such Credit Event, no Default shall have occurred and be continuing; and (f) the fact that the representations and warranties of the Borrower contained in this Agreement (except, in the case of a Refunding Borrowing, the representations and warranties set forth in Sections 4.4(c) and 4.5 as to any matter which has theretofore been disclosed in writing by the Borrower to the Banks) shall be true on and as of the date of such Credit Event. Each Credit Event hereunder shall be deemed to be a representation and warranty by the Borrower on the date of such Credit Event as to the facts specified in clauses (d), (e) and (f) of this Section.
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Credit Events. On the date of each Credit Event, including the date of each refinancing of a Borrowing as contemplated by Section 2.5: (a) The Administrative Agent shall have received in respect of such advance or refinancing a Borrowing Notice as required by Section 2.3. (b) The representations and warranties set forth in Article III hereof shall have been true and correct in all material respects both (i) on the date hereof and (ii) as of such date, except to the extent such representations and warranties expressly relate and are limited to a different date. (c) At the time of and immediately after such advance or refinancing no Event of Default or Potential Default shall have occurred and be continuing. Each advance or refinancing hereunder shall be deemed to constitute a representation and warranty by the Borrower on the date of such Credit Event as to the satisfaction of the conditions specified in paragraphs (b) and (c) of this Section 4.1.
Credit EventsIn the event that: (a) Sponsor shall fail to pay any amount due and payable under this Agreement or any other Operative Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three (3) Business Days; or (b) any representation or warranty made or deemed made by or on behalf of the Sponsor or any Subsidiary in or in connection with this Agreement or any other Operative Document (including the Exhibits and Schedules attached thereto) and any amendments or modifications hereof or waivers hereunder, or in any certificate, report, financial statement or other document submitted to the Servicer or the Participants by any Credit Party or any representative of any Credit Party pursuant to or in connection with this Agreement or any other Operative Document shall prove to be incorrect in any material respect when made or deemed made or submitted; or (c) Sponsor shall fail to observe or perform any covenant or agreement contained in Sections 6.1, 6.2, 6.3 (with respect to the Sponsor’s existence) or 6.12 through 6.26; or (d) any Credit Party shall fail to observe or perform any covenant or agreement contained in this Agreement or any other Loan Document (other than those referred to in clauses (a) and (c) above), and such failure shall remain unremedied for 30 days after the earlier of (i) any officer of the Sponsor becomes aware of such failure, or (ii) written notice thereof shall have been given to the Sponsor by the Servicer or any Participant; or (e) the Sponsor or any Subsidiary (whether as primary obligor or as guarantor or other surety) shall fail to pay any principal of or premium or interest on any Material Indebtedness that is outstanding, when and as the same shall become due and payable (whether at scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument evidencing such Material Indebtedness; or any other event shall occur or condition shall exist under any agreement or instrument relating to such Material Indebtedness and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or permit the acceleration of, the maturity of such Material Indebtedness; or any such Material Indebtedness shall be declared to be due and payable; or required to be prepaid or r...
Credit Events. 30 SECTION 4.2 First Credit Event..........................................30
Credit EventsIn the event that:
Credit EventsThe obligation (i) of each Bank to make a Loan on the occasion of each Borrowing (except a Committed Borrowing pursuant to Section 2.09(i) to refund outstanding Swingline Loans), (ii) of an LC Issuing Bank to sell and of each Bank to purchase each participation in a Letter of Credit as and when provided in Section 2.08, (iii) of each LC Issuing Bank to extend (or allow the extension of) the expiry date of a Letter of Credit issued by it hereunder as and when provided in Section 2.08 and (iv) of the Swingline Bank to make any Swingline Loan are each subject to the satisfaction of the following conditions: (a) the fact that the Amendment Effective Date shall have occurred on or prior to April 15, 1997; (b) receipt by the Administrative Agent of notice of the relevant Credit Event as required by Section 2.02(a), 2.03(f), 2.08(d) or 2.09(b), as the case may be; (c) the fact that, immediately before and after such Credit Event, no Default shall have occurred and be continuing; and (d) the fact that each of the representations and warranties made by Vencor or any of its Subsidiaries in or pursuant to any Financing Document to which it is a party shall be true on and as of the date of such Credit Event as if made on and as of such date. Each Credit Event under this Agreement shall be deemed to be a representation and warranty by Vencor on the date of such Credit Event as to the facts specified in clauses (c) and (d) of this Section.
Credit Events. 58 3.03. First Borrowing-by Each Additional Borrower . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Credit Events. On the date of each Credit Event: (a) The Administrative Agent shall have received in respect of each Borrowing a Borrowing Notice (in the form of Exhibit "A") as required by Section 2.3. (b) The representations and warranties set forth in Article III hereof shall have been true and correct in all material respects on the date hereof and the representations and warranties set forth in Sections 3.1, 3.2, 3.3, 3.5, 3.6, 3.7, 3.8, 3.9, 3.10, 3.12, 3.13, 3.14, 3.15, 3.16, 3.17 and 3.19 shall be true and correct in all material respects on and as of the date of such Borrowing with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date. (c) At the time of and immediately after such Borrowing no Event of Default or Default shall have occurred and be continuing and Borrower shall be in compliance with all Financial Covenants. Each Borrowing shall be deemed to constitute a representation and warranty by the Borrower, and where appropriate the Guarantor, on the date of such Borrowing as to the satisfaction of the conditions specified in paragraphs (b) and (c) of this Section 4.1.
Credit EventsThe obligation (i) of each Bank to make a Loan on the occasion of each Borrowing, (ii) of each Bank to purchase each participation in a Letter of Credit and the related LC Liabilities as and when provided in Section 2.06 and (iii) of each LC Issuing Bank to extend (or allow the extension of) the expiry date of a Letter of Credit issued by it hereunder as and when provided in Section 2.06, are each subject to the satisfaction of the following conditions: (a) the fact that the Closing Date shall have occurred on or prior to December 31, 1995; (b) receipt by the Administrative Agent of the notice required by Section 2.02(a), 2.06(d) or 2.06(f), as the case may be; (c) the fact that, immediately before and after such Credit Event, no Default shall have occurred and be continuing; (d) the fact that each of the representations and warranties made by the Borrowers in or pursuant to the Financing Documents shall be true on and as of the date
Credit Events. 62 Section 7.1
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