Common use of Each Additional Loan Clause in Contracts

Each Additional Loan. At the time of making any Loans and after giving effect to the proposed extensions of credit: the representations and warranties of the Borrower contained in this Agreement and in the other Loan Documents shall be true on and as of the date of such additional Loan 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; no Event of Default or Potential Default shall have occurred and be continuing or shall exist; the making of the Loans shall not contravene any Law applicable to any Borrower or any Subsidiary of Borrower or Bank; and the Borrower shall have delivered to the Bank a duly executed and completed Loan Request.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (New Jersey Resources Corp)

AutoNDA by SimpleDocs

Each Additional Loan. At the time of making any Loans other than Loans made on the Closing Date and after giving effect to the proposed extensions of creditborrowings: the representations and warranties of the Borrower Borrowers contained in Article III of this Agreement and in the other Loan Documents shall be true on and as of the date of such additional Loan 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 Borrowers shall have performed and complied with all covenants and conditions hereofof this Agreement; no Event of Default or Potential Default shall have occurred and be continuing or shall exist; the making of the Loans shall not contravene any Law applicable to any Borrower the Borrowers or any Subsidiary of Borrower or BankLender; and the Borrower Borrowers shall have delivered to the Bank Lender a duly executed and completed Loan Request.

Appears in 1 contract

Samples: Shortfall Loan Agreement (Uni Marts Inc)

Each Additional Loan. At the time of making any Loans and after giving effect to the proposed extensions of credit: the representations and warranties of the Borrower Loan Parties contained in this Agreement Section 5 and in the other Loan Documents shall be true and correct on and as of the date of such additional Loan 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 Loan Parties shall have performed and complied with all covenants and conditions hereof; no Event of Default or Potential Default shall have occurred and be continuing or shall exist; the making of the Loans shall not contravene any Law applicable to any Borrower the Loan Parties or any Subsidiary of Borrower or Bankthe Banks; and the Borrower shall have delivered to the Bank Agent a duly executed and completed Loan Request.

Appears in 1 contract

Samples: Credit Agreement (Integrated Alarm Services Group Inc)

AutoNDA by SimpleDocs

Each Additional Loan. At the time of making any Loans other than Loans made on the Closing Date and after giving effect to the proposed extensions of credit: borrowings, the representations and warranties of the Borrower Borrowers contained in Article IV of this Agreement and in the other Loan Documents shall be true on and as of the date of such additional Loan 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 Borrowers shall have performed and complied with all covenants and conditions hereofof this Agreement; no Event of Default or Potential Default shall have occurred and be continuing or shall exist; , the making of the Loans shall not contravene any Law applicable to any Borrower the Borrowers or any Subsidiary of Borrower or Bank; Lender, and the Administrative Borrower shall have delivered to the Bank Lender a duly executed and completed Loan RequestBorrowing Base Certificate.

Appears in 1 contract

Samples: Credit Agreement (Ultralife Corp)

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