Common use of Each Borrowing Clause in Contracts

Each Borrowing. (a) The obligation of each Lender to make a Loan on the occasion of any Borrowing is subject to the satisfaction of the conditions set forth in Section 4.02 of the Common Agreement. (b) In addition, no Lender shall be required to make a Tranche B Loan on the occasion of any Tranche B Borrowing if, after giving effect to all Loans requested to be made hereunder on the date of such Borrowing, the aggregate principal amount of Tranche B Loans outstanding hereunder would exceed 50% of the aggregate principal amount of Tranche A Loans outstanding hereunder on such date. (c) Each Borrowing shall be deemed to constitute a representation and warranty by each of Holdings and the Borrower on the date thereof as to the matters set forth in Section 4.02 of the Common Agreement and in paragraph (b) of this Section 4.02.