Common use of Each Additional Loan Clause in Contracts

Each Additional Loan. At the time of making any new Loans or issuing any new Letters of Credit hereunder and after giving effect to the proposed borrowings: the representations and warranties of the Borrower contained in Article 5 shall be true on and as of the date of such additional Loan or Letter of Credit with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which expressly relate solely to an earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times referred to therein) and the Borrower shall have performed and complied with all covenants and conditions hereof and of the Loan Documents; no Event of Default or Potential Default shall have occurred and be continuing or shall exist; the making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to the Borrower or any Subsidiary of the Borrower or any of the Banks; and the Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request or application for a Letter of Credit as the case may be.

Appears in 2 contracts

Samples: Credit Agreement (Triumph Group Inc /), Credit Agreement (Triumph Group Inc /)

AutoNDA by SimpleDocs

Each Additional Loan. At the time of making any new Loans or issuing any new Letters of Credit other than the Loan made on the Closing Date hereunder and after giving effect to the proposed borrowings: the representations and warranties of the Borrower contained in Article 5 VI hereof shall be true on and as of the date of such additional Loan or Letter of Credit with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which expressly relate solely to an earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times referred to therein) and the Borrower shall have performed and complied with all covenants and conditions hereof and of the Loan Documentshereof; no Event of Default or Potential Default shall have occurred and be continuing or shall exist; the making of the Loans or issuance issuing of such Letter Letters of Credit shall not contravene any Law applicable to the Borrower or any Subsidiary of the Borrower or any of the Banks; and the Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request or application for a Letter of Credit as the case may beRequest.

Appears in 2 contracts

Samples: Credit Agreement (Mariner Health Group Inc), Credit Agreement (Mariner Health Group Inc)

Each Additional Loan. At It shall be a condition precedent to the time making of making any new Loans or issuing any new Letters of Credit hereunder and that after giving effect to the proposed borrowingsextensions of credit: the representations and warranties of the Borrower Loan Parties contained in Article Section 5 and of the Loan Parties in the other Loan Documents shall be true and correct in all material respects on and as of the date of such additional Loan or Letter of Credit with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which expressly relate solely to an earlier date or time, which representations and warranties shall be true and correct in all material respects on and as of the specific dates or times referred to therein) and the Borrower Loan Parties shall have performed and complied with all covenants and conditions hereof and of the Loan Documents268139687 hereof; no Event of Default or Potential Default shall have occurred and be continuing or shall existcontinuing; the making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to any Loan Party or the Borrower or any Subsidiary of the Borrower or any of the BanksBank; and the Borrower shall have delivered to the Administrative Agent Bank a duly executed and completed Revolving Credit Loan Request or application for a Letter of Credit as the case may beRequest.

Appears in 1 contract

Samples: Credit Agreement (Moog Inc.)

Each Additional Loan. At It shall be a condition precedent to the time making of making any new Loans or issuing any new Letters of Credit hereunder and that after giving effect to the proposed borrowingsextensions of credit: the representations and warranties of the Borrower Loan Parties contained in Article Section 5 and of the Loan Parties in the other Loan Documents shall be true and correct in all material respects on and as of the date of such additional Loan or Letter of Credit with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which expressly relate solely to an earlier date or time, which representations and warranties shall be true and correct in all material respects on and as of the specific dates or times referred to therein) and the Borrower Loan Parties shall have performed and complied with all covenants and conditions hereof and of the Loan Documentshereof; no Event of Default or Potential Default shall have occurred and be continuing or shall existcontinuing; the making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to any Loan Party or the Borrower or any Subsidiary of the Borrower or any of the BanksBank; and the Borrower shall have delivered to the Administrative Agent Bank a duly executed and completed Revolving Credit Loan Request or application for a Letter of Credit as the case may beRequest. 7.

Appears in 1 contract

Samples: Credit Agreement (Moog Inc.)

Each Additional Loan. At the time of making any new Loans or issuing any new Letters of Credit hereunder other than Loans made on the Closing Date and after giving effect to the proposed borrowingsextensions of credit: the representations and warranties of the Borrower Loan Parties contained in Article 5 Section 6 and in the other Loan Documents shall be true on and as of the date of such additional Loan or Letter of Credit with the same effect as though such representations and warranties had been made on on. and as of such date (except representations and warranties warranties-which .', expressly relate solely to an earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times referred to therein) and therein)and the Borrower Loan Parties shall have performed and complied with all covenants and conditions hereof and of the Loan Documentshereof; no Event of Default or Potential Default shall have occurred and be continuing or shall exist; the making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to the Borrower any Loan Party or any Subsidiary of the Borrower any Loan Party or any of the Banks; and the Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request or application for a Letter of Credit as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Whiteford Partners L P)

AutoNDA by SimpleDocs

Each Additional Loan. At It shall be a condition precedent to the time making of making any new Loans or issuing any new Letters of Credit hereunder and that after giving effect to the proposed borrowingsextensions of credit: the representations and warranties of the Borrower Loan Parties contained in Article Section 5 and of the Loan Parties in the other Loan Documents shall be true and correct in all material respects on and as of the date of such additional Loan or Letter of Credit with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which expressly relate solely to an earlier date or time, which representations and warranties shall be true and correct in all material respects on and as of the specific dates or times referred to therein) and the Borrower Loan Parties shall have performed and complied with all covenants and conditions hereof and of the Loan Documentshereof; no Event of Default or Potential Default shall have occurred and be continuing or shall existcontinuing; the making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to any Loan Party or the Borrower or any Subsidiary of the Borrower or any of the BanksBank; and the Borrower shall have delivered to the Administrative Agent Bank a duly executed and completed Revolving Credit Loan Request or application for a Letter of Credit as the case may beRequest.

Appears in 1 contract

Samples: Credit Agreement (Moog Inc.)

Each Additional Loan. At the time of making any new Loans or issuing any new Letters of Credit hereunder and after giving effect to the proposed borrowingsextensions of credit: the representations and warranties of the Borrower contained in Article 5 this Agreement and in the other Loan Documents shall be true on and as of the date of such additional Loan or Letter of Credit with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which expressly relate solely to an earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times referred to therein) and the Borrower shall have performed and complied with all covenants and conditions hereof and of the Loan Documentshereof; no Event of Default or Potential Default shall have occurred and be continuing or shall exist; the making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to the any Borrower or any Subsidiary of the Borrower or any of the BanksBank; and the Borrower shall have delivered to the Administrative Agent Bank a duly executed and completed Loan Request or application for a Letter of Credit as the case may beRequest.

Appears in 1 contract

Samples: Credit Facility Agreement (New Jersey Resources Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!