Common use of Determinations Under Section 4 Clause in Contracts

Determinations Under Section 4. 1. For purposes of determining compliance with the conditions specified in Section 4.1, each Lender Party 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 Lender Parties unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender Party prior to the date that the Borrower, by notice to the Lender Parties, designates as the proposed Closing Date, specifying its objection thereto. The Administrative Agent shall promptly notify the Lender Parties of the occurrence of the Closing Date.

Determinations Under Section 4. 1. For purposes of determining compliance with the conditions specified in Section 4.1, each Lender Party 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 Lender Parties unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender Party prior to the date that the Borrower, by notice to the Lender Parties, designates as the proposed Closing Date, specifying its objection thereto. The Administrative Agent shall promptly notify the Lender Parties of the occurrence of the Closing Date.. NYDOCS02/934719.8 38

Determinations Under Section 4. 1. For purposes of determining compliance with the conditions specified in Section 4.1, each Lender Party shall be bewas 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 Lender Parties unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender Party prior to the date that the Borrower, by notice to the Lender Parties, designates as the proposed Closing Date, specifying its objection thereto. The Administrative Agent shall promptly notify promptlypreviously notifyied the Lender Parties of the occurrence of the Closing Date.