Common use of Determinations Under Section 7 Clause in Contracts

Determinations Under Section 7. For purposes of determining compliance with the conditions specified in Sections 7.01 and 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, by notice to the Lenders, designates as the proposed date of the extension of credit, specifying its objection thereto.

Determinations Under Section 7. 1. For purposes of determining compliance with the conditions specified in Sections 7.01 and 7.02Section 7.1, 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 the Agent responsible for the transactions contemplated by this Agreement the Loan Documents shall have received notice from such Lender prior to the date that Borrower, by notice to the Lenders, designates as the proposed date of the extension of credit, initial Loan specifying its objection theretothereto and such Lender shall not have made available to the Agent such Lender's Pro Rata Share of such Loan.