Common use of Determinations Under Sections 3.01 and 3 Clause in Contracts

Determinations Under Sections 3.01 and 3. 03. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender Party that is an 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 one or more of the Lender Parties that are Initial Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender Party prior to the Effective Date specifying its objection thereto, and if a Borrowing occurs on the Effective Date, such Lender Party that is an Initial Lender shall not have made available to the Administrative Agent such Lender Party’s ratable portion of such Borrowing.

Appears in 2 contracts

Samples: Senior Secured Revolving Facility Credit Agreement (Chemtura CORP), Senior Secured Revolving Facility Credit Agreement (Chemtura CORP)

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Determinations Under Sections 3.01 and 3. 0302. For purposes of determining compliance with the conditions specified in Section 3.01Sections 3.01 and 3.02, each Lender Party that is an 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 one or more of the Lender Parties that are Initial Lenders it unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Financing Documents shall have received notice from such Lender Party prior to the Effective Date date of the Borrowing or issuance of any Letter of Credit (as applicable) specifying its objection theretothereto and, and if in the case of a Borrowing occurs on the Effective DateBorrowing, such Lender Party that is an Initial Lender shall not have made available to the Administrative Agent such Lender Party’s ratable portion of such Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Allegheny Energy, Inc), Assignment and Assumption Agreement (Allegheny Energy, Inc)

Determinations Under Sections 3.01 and 3. 03. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender Party that is an 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 one or more of the Lender Parties that are Initial Lenders unless an officer of the applicable Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender Party prior to the Effective Date specifying its objection thereto, and if a Borrowing occurs on the Effective Date, such Lender Party that is an Initial Lender shall not have made available to the applicable Administrative Agent such Lender Party’s ratable portion of such Borrowing.

Appears in 1 contract

Samples: Senior Secured Revolving Facilities Credit Agreement (Chemtura CORP)

Determinations Under Sections 3.01 and 3. 0302. For purposes of determining compliance with the conditions specified in Section 3.01Sections 3.01 and 3.02, each Lender Party that is an 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 one or more of the Lender Parties that are Initial Lenders it unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Financing Documents shall have received notice from such Lender Party prior to the Effective Date date of the Borrowing or issuance of any Letter of Credit (as applicable) specifying its objection theretothereto and, and if in the case of a Borrowing occurs on the Effective DateBorrowing, such Lender Party that is an Initial Lender shall not have made available to the Administrative Agent such Lender Party’s ratable portion of such Borrowing.. 57 AESC Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Allegheny Energy, Inc)

Determinations Under Sections 3.01 and 3. 0302. For purposes of determining compliance with the conditions specified in Section 3.01Sections 3.01 and 3.02, each Lender Party that is an 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 one or more of the Lender Parties that are Initial Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender Party prior to the Effective Date date of the Borrowing or issuance of any Letter of Credit (as applicable) specifying its objection theretothereto and, and if in the case of a Borrowing occurs on the Effective DateBorrowing, such Lender Party that is an Initial Lender shall not have made available to the Administrative Agent such Lender Party’s ratable portion of such Borrowing.. AYE Refinancing Credit Agreement 65

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Allegheny Energy, Inc)

Determinations Under Sections 3.01 and 3. 0302. For purposes of determining compliance with the conditions specified in Section 3.01Sections 3.01 and 3.02, each Lender Party that is an 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 one or more of the Lender Parties that are Initial Lenders it unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Financing Documents shall have received notice from such Lender Party prior to the Effective Date date of the Borrowing or issuance of any Letter of Credit (as applicable) specifying its objection theretothereto and, and if in the case of a Borrowing occurs on the Effective DateBorrowing, such Lender Party that is an Initial Lender shall not have made available to the Administrative Agent such Lender Party’s ratable portion of such Borrowing.. 55 WPPC Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Allegheny Energy, Inc)

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Determinations Under Sections 3.01 and 3. 0302. For purposes of determining compliance with the conditions specified in Section 3.01Sections 3.01 and 3.02, each Lender Party that is an 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 one or more of the Lender Parties that are Initial Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender Party prior to the Effective Date date of the Borrowing or issuance of any Letter of Credit (as applicable) specifying its objection theretothereto and, and if in the case of a Borrowing occurs on the Effective DateBorrowing, such Lender Party that is an Initial Lender shall not have made available to the Administrative Agent such Lender Party’s ratable portion of such Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Allegheny Energy Inc)

Determinations Under Sections 3.01 and 3. 03. For purposes of determining compliance with the conditions specified in Section 3.01Sections 3.01 and 3.03, each Lender Party that is an 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 one or more of the Lender Parties that are Initial Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender Party prior to the Effective Date specifying its objection thereto, and if a Borrowing occurs on the Effective Date, such Lender Party that is an Initial Lender shall not have made available to the Administrative Agent such Lender Party’s ratable portion of such Borrowing.

Appears in 1 contract

Samples: Possession Credit Agreement (Dana Corp)

Determinations Under Sections 3.01 and 3. 0302. For purposes of determining compliance with the conditions specified in Section 3.01Sections 3.01 and 3.02, each Lender Party that is an 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 one or more of the Lender Parties that are Initial Lenders it unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Financing Documents shall have received notice from such Lender Party prior to the Effective Date date of the Borrowing or issuance of any Letter of Credit (as applicable) specifying its objection theretothereto and, and if in the case of a Borrowing occurs on the Effective DateBorrowing, such Lender Party that is an Initial Lender shall not have made available to the Administrative Agent such Lender Party’s ratable portion of such Borrowing.. Monongahela Power Company Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Allegheny Energy, Inc)

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