Each Future Advance. The Lenders shall not be required to make any Advance unless on the applicable Borrowing Date: (a) There exists no Default or Unmatured Default and none would result from such Advance; (b) The representations and warranties contained in ARTICLE V are true and correct as of such Borrowing Date (except to the extent such representations and warranties are expressly made as of a specified date, in which event such representations and warranties shall be true and correct as of such specified date); (c) A Borrowing Notice shall have been properly submitted; and (d) All legal matters incident to the making of such Advance shall be satisfactory to the Lenders and their counsel. Each Borrowing Notice with respect to each such Advance shall constitute a representation and warranty by the Borrower that the conditions contained in SECTIONS 4.2 (a), (b) and (c) have been satisfied. Any Lender may require a duly completed compliance certificate in substantially the form of EXHIBIT B hereto as a condition to making an Advance.
Appears in 2 contracts
Samples: Credit Agreement (White Mountains Insurance Group LTD), Credit Agreement (Fund American Enterprises Holdings Inc)
Each Future Advance. The Lenders shall not be required to make any Advance unless on the applicable Borrowing Date:
(a) There exists no Default or Unmatured Default and none would result from such Advance;
(b) The representations and warranties contained in ARTICLE V are true and correct as of such Borrowing Date (except to the extent such representations and warranties are expressly made as of a specified date, in which event such representations and warranties shall be true and correct as of such specified date);
(c) A Borrowing Notice shall have been properly submitted; and
(d) All legal matters incident to the making of such Advance shall be satisfactory to the Lenders and their counsel. Each Borrowing Notice with respect to each such Advance shall constitute a representation and warranty by the Borrower that the conditions contained in SECTIONS 4.2 (a4.2(A), (bB) and AND (cC) have been satisfied. Any Lender may require a duly completed compliance certificate in substantially the form of EXHIBIT B hereto as a condition to making an Advance.
Appears in 1 contract
Samples: Credit Agreement (Fund American Enterprises Holdings Inc)
Each Future Advance. The Lenders shall not be required to make any Advance unless on the applicable Borrowing Date:
: (a) ai There exists no Default or Unmatured Default and none would result from such Advance;
; (b) bi The representations and warranties contained in ARTICLE Article V are true and correct as of such Borrowing Date (except to the extent such representations and warranties are expressly made as of a specified date, in which event such representations and warranties shall be true and correct as of such specified date);
(c) ci A Borrowing Notice shall have been properly submitted; and
and (d) di All legal matters incident to the making of such Advance shall be satisfactory to the Lenders and their counsel. Each Borrowing Notice with respect to each such Advance shall constitute a representation and warranty by the Borrower each Loan Party that the conditions contained in SECTIONS 4.2 (aSection 4.2(a), (b) and (c) have been satisfied. Any Lender may require a duly completed compliance certificate in substantially the form of EXHIBIT Exhibit B hereto as a condition to making an Advance.
Appears in 1 contract
Samples: Credit Agreement (Fund American Enterprises Holdings Inc)
Each Future Advance. The Lenders shall not be required to make any Advance unless on the applicable Borrowing Date:
(a) There exists no Default or Unmatured Default and none would result from such Advance;
(b) The representations and warranties contained in ARTICLE V are true and correct as of such Borrowing Date (except to the extent such representations and warranties are expressly made as of a specified date, in which event such representations and warranties shall be true and correct as of such specified date);
(c) A Borrowing Notice shall have been properly submitted; and
(d) All legal matters incident to the making of such Advance shall be satisfactory to the Lenders and their counsel. Each Borrowing Notice with respect to each such Advance shall constitute a representation and warranty by the Borrower each Loan Party that the conditions contained in SECTIONS 4.2 (a4.2(a), (b) and AND (c) have been satisfied. Any Lender may require a duly completed compliance certificate in substantially the form of EXHIBIT B hereto as a condition to making an Advance.
Appears in 1 contract
Samples: Credit Agreement (Fund American Enterprises Holdings Inc)
Each Future Advance. The Lenders shall not be required to make any Advance unless on the applicable Borrowing Date:
: (a) ai There exists no Default or Unmatured Default and none would result from such Advance;
; (b) bi The representations and warranties contained in ARTICLE Article V are true and correct as of such Borrowing Date (except to the extent such representations and warranties are expressly made as of a specified date, in which event such representations and warranties shall be true and correct as of such specified date);
(c) ci A Borrowing Notice shall have been properly submitted; and
and (d) di All legal matters incident to the making of such Advance shall be satisfactory to the Lenders and their counsel. Each Borrowing Notice with respect to each such Advance shall constitute a representation and warranty by the Borrower that the conditions contained in SECTIONS 4.2 (aSection 4.2(a), (b) and (c) have been satisfied. Any Lender may require a duly completed compliance certificate in substantially the form of EXHIBIT Exhibit B hereto as a condition to making an Advance.
Appears in 1 contract
Samples: Credit Agreement (Fund American Enterprises Holdings Inc)
Each Future Advance. The Lenders shall not be required to make any Advance unless on the applicable Borrowing Date:
: (a) ai There exists no Default or Unmatured Default and none would result from such Advance;
; (b) bi The representations and warranties contained in ARTICLE Article V are true and correct as of such Borrowing Date (except to the extent such representations and warranties are expressly made as of a specified date, in which event such representations and warranties shall be true and correct as of such specified date);
(c) ci A Borrowing Notice shall have been properly submitted; and
and (d) di All legal matters incident to the making of such Advance shall be satisfactory to the Lenders and their counsel. Each Borrowing Notice with respect to each such Advance shall constitute a representation and warranty by the Borrower Borrowers that the conditions contained in SECTIONS Section 4.2 (a), (b) and (c) have been satisfied. Any Lender may require a duly completed compliance certificate in substantially the form of EXHIBIT Exhibit B hereto as a condition to making an Advance.
Appears in 1 contract
Samples: Credit Agreement (Fund American Enterprises Holdings Inc)