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: (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; --------- (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 Borrowers that the conditions contained in 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 B hereto as a condition to making an Advance. ---------

Appears in 2 contracts

Samples: Credit Agreement (Fund American Enterprises Holdings Inc), Credit Agreement (Fund American Enterprises Holdings Inc)

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Each Future Advance. The Lenders shall not be required ------------------- to ------------------- make any Advance unless on the applicable a pplicable 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; ---------; (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 Borrowers Borrower that the conditions contained in Section 4.2 (a4.2(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 (Fund American Enterprises Holdings Inc), Credit Agreement (Fund American Enterprises Holdings Inc)

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Each Future Advance. The Lenders shall not be required to make ------------------- 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; ---------; (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 Borrowers each Loan Party that the conditions contained in Section 4.2 (a4.2(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 (Fund American Enterprises Holdings Inc), Credit Agreement (Fund American Enterprises Holdings Inc)

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