Determinations Under Sections 3.01 and 3. For purposes of determining compliance with the conditions specified in Sections 3.01 and 3.03, 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 the Loan Documents shall have received notice from such Lender Party prior to the Effective Date or the Final Term Advance Date, as applicable, specifying its objection thereto, and if a Borrowing occurs on the Effective Date or the Final Term Advance Date, as applicable, such Lender Party shall not have made available to the Administrative Agent such Lender Party’s ratable portion of such Borrowing.
Appears in 3 contracts
Samples: Senior Secured Debtor in Possession Credit Agreement (Chemtura CORP), Senior Secured Debtor in Possession Credit Agreement, Senior Secured Debtor in Possession Credit Agreement (Chemtura CORP)
Determinations Under Sections 3.01 and 3. 03. For purposes of determining compliance with the conditions specified in Sections 3.01 and 3.03Section 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 or the Final Term Advance Date, as applicable, specifying its objection thereto, and if a Borrowing occurs on the Effective Date or the Final Term Advance Date, as applicable, 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: Senior Secured Revolving Facility Credit Agreement (Chemtura CORP)
Determinations Under Sections 3.01 and 3. For purposes of determining compliance with the conditions specified in Sections 3.01 and 3.03Section 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 or the Final Term Advance Date, as applicable, specifying its objection thereto, and if a Borrowing occurs on the Effective Date or the Final Term Advance Date, as applicable, 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: Senior Secured Revolving Facility Credit Agreement (Chemtura CORP)
Determinations Under Sections 3.01 and 3. For purposes of determining compliance with the conditions specified in Sections 3.01 and 3.033.03,Section 3.01, 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 the Loan Documents shall have received notice from such Lender Party prior to the Effective Date or the Final Term Advance Date, as applicable, specifying its objection thereto, and if a Borrowing occurs on the Effective Date or the Final Term Advance Date, as applicable, such Lender Party shall not have made available to the Administrative Agent such Lender Party’s ratable portion of such Borrowing.
Appears in 1 contract
Samples: Senior Secured Debtor in Possession Credit Agreement