Common use of Determinations Under Section 3 Clause in Contracts

Determinations Under Section 3. 1. For purposes of determining compliance with the conditions specified in Section 3.1, each Initial Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Initial Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received written notice from such Initial Lender prior to the Initial Extension of Credit specifying its objection thereto and, if the Initial Extension of Credit consists of a Borrowing, such Initial Lender shall not have made available to the Administrative Agent such Initial Lender's ratable portion of such Borrowing.

Determinations Under Section 3. 1. 01 and 3.02 For purposes of determining compliance with the conditions specified in Section 3.1Sections 3.01 and 3.02, each Initial Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Initial Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received written notice from such Initial Lender prior to the Initial Extension Borrowing (in the case of Credit Section 3.01) or the applicable Borrowing (in the case of Section 3.02) specifying its objection thereto and, if the Initial Extension of Credit consists of a Borrowing, and such Initial Lender shall not have made available to the Administrative Agent such Initial Lender's ’s ratable portion of such Borrowing.