Common use of Each Future Advance Clause in Contracts

Each Future Advance. The Lenders shall not be required to make any Advance unless on the applicable Borrowing Date: (ai There exists no Default or Unmatured Default and none would result from such Advance; (bi 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);

Each Future Advance. The Lenders shall not be required ------------------- to make any Advance unless on the applicable Borrowing Date: (ai a) There exists no Default or Unmatured Default and none would result from such Advance; (bi b) The representations and warranties contained in Article V are true and correct in all material respects 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)Date;