Common use of Each Additional Loan Clause in Contracts

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: the representations and warranties of the Loan Parties contained in Section 6 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 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 Borrower or Subsidiary of Borrower or any of the Banks; and the Borrower shall have delivered to the Agent a duly executed and completed Loan Request.

Appears in 1 contract

Samples: Credit Agreement (Ii-Vi Inc)

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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: the representations and warranties of the Loan Parties contained in Section 6 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 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 Borrower any Loan Party or Subsidiary of Borrower any Loan Party or any of the BanksLenders; and the Borrower shall have delivered to the Agent a duly executed and completed Loan Request.

Appears in 1 contract

Samples: Credit Agreement (Federated Investors Inc /Pa/)

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: the representations and warranties of the Loan Parties contained in Section 6 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 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 Borrower any Loan Party or Subsidiary of Borrower any Loan Party or any of the Banks; and the Borrower shall have delivered to the Agent a duly executed and completed Loan Request.

Appears in 1 contract

Samples: Credit Agreement (Federated Investors Inc /Pa/)

Each Additional Loan. At the time of making any Revolving Credit Loans other than Revolving Credit Loans made on the Closing Date and after giving effect to the proposed extensions of credit: the representations and warranties of the Loan Parties contained in Section 6 5.1 and in the other Loan Documents shall be true on and as of the date of such additional Revolving Credit 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 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 Revolving Credit Loans shall not contravene any Law applicable to Borrower any Loan Party or Subsidiary of Borrower any Loan Party or any of the Banks; and the Borrower shall have delivered to the Administrative Agent a duly executed and completed Revolving Credit Loan Request.

Appears in 1 contract

Samples: Credit Agreement (KPMG Consulting Inc)

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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: the representations and warranties of the Loan Parties contained in Section 6 5 and in the other Loan Documents shall be true on and as of the date of such additional Loan (after taking into account updates and revisions to schedules in accordance with Section 5.2) with the same effect as though such representations and warranties had been made on and as of such date (except for 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 or Potential Default shall have occurred and be continuing or shall exist; the making of the Loans shall not contravene any Law applicable to Borrower any Loan Party or Subsidiary of Borrower any Loan Party or any of the Banks; and the Borrower shall have delivered to the Agent a duly executed and completed Loan Request.

Appears in 1 contract

Samples: Credit Agreement (Audio Communications Network Inc)

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