Common use of Determinations Under Section 7 Clause in Contracts

Determinations Under Section 7. For purposes of determining compliance with the conditions specified in Section 7.01 and Section 7.02, each 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 Lenders unless an officer of Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that Borrower or PR Borrower (as the case may be), by notice to the Lenders, designates as the proposed date of the extension of credit, specifying its objection thereto.

Appears in 1 contract

Samples: Credit Agreement (Centennial Communications Corp /De)

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Determinations Under Section 7. For purposes of ------------------------------ determining compliance with the conditions specified in Section Sections 7.01 and Section 7.02, each 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 Lenders unless an officer of Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that Borrower or PR Borrower (as the case may be)Borrower, by notice to the Lenders, designates as the proposed date of the extension of credit, specifying its objection thereto.

Appears in 1 contract

Samples: Credit Agreement (Krasovec Frank P)

Determinations Under Section 7. For purposes of determining compliance with the conditions specified in Section 7.01 Sections 7.01, 7.02 and Section 7.027.03, each 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 Lenders unless an officer of Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that Borrower or PR Borrower (as the case may be)Borrower, by notice to the Lenders, designates as the proposed date of the extension of credit, specifying its objection thereto.

Appears in 1 contract

Samples: Credit Agreement (Nassau Broadcasting Corp)

Determinations Under Section 7. For purposes of determining compliance with the conditions specified in Section Sections 7.01 and Section 7.02, each 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 Lenders unless an officer of Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that Borrower or PR Borrower (as the case may be), by notice to the Lenders, designates as the proposed date of the extension of credit, specifying its objection thereto.

Appears in 1 contract

Samples: Security Agreement (Centennial Cellular Corp)

Determinations Under Section 7. For purposes of determining ------------------------------ compliance with the conditions specified in Section 7.01 Sections 7.01, 7.02 and Section 7.027.03, each 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 Lenders unless an officer of Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that Borrower or PR Borrower (as the case may be)Borrower, by notice to the Lenders, designates as the proposed date of the extension of credit, specifying its objection thereto.

Appears in 1 contract

Samples: Credit Agreement (Princess Beverly Coal Holding Co Inc)

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Determinations Under Section 7. For purposes of determining ------------------------------- compliance with the conditions specified in Section Sections 7.01 and Section 7.02, each 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 Lenders unless an officer of Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that Borrower or PR Borrower (as the case may be)Borrower, by notice to the Lenders, designates as the proposed date of the extension of credit, specifying its objection thereto.

Appears in 1 contract

Samples: Credit Agreement (Princess Beverly Coal Holding Co Inc)

Determinations Under Section 7. For purposes of determining compliance with the conditions specified in Section 7.01 and Section 7.027.01, each 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 Lenders unless an officer of Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that Borrower or PR Borrower (as the case may be), by notice to the Lenders, designates as the proposed date of the extension of credit, specifying its objection thereto.

Appears in 1 contract

Samples: Reaffirmation Agreement (Centennial Communications Corp /De)

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