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 borrowings: the representations and warranties of the Borrowers contained in Article III of this Agreement 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 Borrowers shall have performed and complied with all covenants and conditions of 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 the Borrowers or Lender; and the Borrowers shall have delivered to the Lender a duly executed and completed Loan Request.

Appears in 1 contract

Samples: Shortfall Loan Agreement (Uni Marts 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 borrowings: (i) the representations and warranties of the Borrowers Borrower contained in Article III of this Agreement 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 Borrowers Borrower shall have performed and complied with all covenants and conditions of this Agreement; (ii) no Event of Default or Potential Default shall have occurred and be continuing or shall exist; and (iii) the making of the Loans shall not contravene any Law applicable to the Borrowers Borrower or Lender; and the Borrowers shall have delivered to the Lender a duly executed and completed Loan Request.

Appears in 1 contract

Samples: Credit Agreement (Sylvan Inc)

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 borrowingsextensions of credit: the representations and warranties of the Borrowers Loan Parties contained in Article III of 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 Borrowers Loan Parties shall have performed and complied with all covenants and conditions of this Agreementhereof; 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 the Borrowers Loan Parties or Lenderany of the Banks; and the Borrowers Borrower shall have delivered to the Lender Agent a duly executed and completed Loan Request.

Appears in 1 contract

Samples: Credit Agreement (Integrated Alarm Services Group 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 borrowings: , the representations and warranties of the Borrowers contained in Article III IV of this Agreement 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 Borrowers shall have performed and complied with all covenants and conditions of 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 the Borrowers or Lender; , and the Borrowers Administrative Borrower shall have delivered to the Lender a duly executed and completed Loan RequestBorrowing Base Certificate.

Appears in 1 contract

Samples: Credit Agreement (Ultralife Corp)

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