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 Borrowers contained in Article 6 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); no Event of Default (other than any Aerostructures Filing Event of Default) or Potential Default (other than a Potential Default in respect of any Aerostructures Filing Event of Default) shall have occurred and be continuing or shall exist or shall result from such Loan or Letter of Credit; the making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to the Borrowers or any Subsidiary of any Borrower or any of the Banks; and TGI, on behalf of the Borrowers, shall have delivered to the Issuing Bank 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)

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Each Additional Loan. At the time of making any new Loans or issuing any new Letters of Credit hereunder other than Loans made or Letters of Credit issued on the Closing Date and after giving effect to the proposed borrowingsextensions of credit: the representations and warranties of the Borrowers Loan Parties contained in Article 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 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 Loan Parties shall have performed and complied with all covenants and conditions hereof; no Event of Default (other than any Aerostructures Filing Event of Default) or Potential Default (other than a Potential Default in respect of any Aerostructures Filing Event of Default) shall have occurred and be continuing or shall exist or shall result from such Loan or Letter of Creditexist; the making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to the Borrowers or any Subsidiary of any Borrower Loan Party or any of the Banks; and TGI, on behalf of the Borrowers, Borrower shall have delivered to the Issuing Bank Agent a duly executed and completed Loan Request or application for a Letter of Credit, Credit as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Grubb & Ellis Co)

Each Additional Loan. At the time of making any new Loans or issuing any new Letters of Credit hereunder other than Loans made or Letters of Credit issued on the Closing Date and after giving effect to the proposed borrowingsextensions of credit: the representations and warranties of the Borrowers Loan Parties contained in Article 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 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 Loan Parties shall have performed and complied with all covenants and conditions hereof; no Event of Default (other than any Aerostructures Filing Event of Default) or Potential Default (other than a Potential Default in respect of any Aerostructures Filing Event of Default) shall have occurred and be continuing or shall exist or shall result from such Loan or Letter of Creditexist; the making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to the Borrowers any Loan Party or any Subsidiary of any Borrower Loan Party or any of the Banks; and TGI, on behalf of the Borrowers, Borrowers shall have delivered to the Issuing Bank Agent a duly executed and completed Loan Request or application for a Letter of Credit, Credit as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Primesource Corp)

Each Additional Loan. At the time of making any new Loans or issuing any new Letters of Credit hereunder other than Loans made or Letters of Credit issued on the Closing Date and after giving effect to the proposed borrowingsextensions of credit: the representations and warranties of the Borrowers Loan Parties contained in Article 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 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 Loan Parties shall have performed and complied with all covenants and conditions hereof; no Event of Default (other than any Aerostructures Filing Event of Default) or Potential Default (other than a Potential Default in respect of any Aerostructures Filing Event of Default) shall have occurred and be continuing or shall exist or shall result from such Loan or Letter of Creditexist; the making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to the Borrowers any Loan Party or any Subsidiary of any Borrower Loan Party or any of the Banks; and TGI, on behalf of the Borrowers, Borrower shall have delivered to the Issuing Bank Agent a duly executed and completed Loan Request or application for a Letter of Credit, Credit as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Rent Way Inc)

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Each Additional Loan. At the time of making any new Loans or issuing any new Letters of Credit hereunder other than Loans made or Letters of Credit issued on the Closing Date and after giving effect to the proposed borrowingsextensions of credit: the representations and warranties of the Borrowers Loan Parties contained in Article Section 6 and in the other Loan Documents, including the Schedules thereto, 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 made, and such Schedules delivered, 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 Loan Parties shall have performed and complied with all covenants and conditions hereof, no Event of Default (other than any Aerostructures Filing Event of Default) or Potential Default (other than a Potential Default in respect of any Aerostructures Filing Event of Default) shall have occurred and be continuing or shall exist or shall result from such Loan or Letter of Creditexist; the making of the Loans or issuance of such Letter of Credit shall not contravene any Law applicable to the Borrowers any Loan Party or any Subsidiary of any Borrower Loan Party or any of the Banks; and TGI, on behalf of the Borrowers, Borrower shall have delivered to the Issuing Bank Agent a duly executed and completed Loan Request or application for a Letter of Credit, Credit as the case may be.

Appears in 1 contract

Samples: Revolving Credit Agreement (Tb Woods Corp)

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