Common use of Each Incremental Loan Clause in Contracts

Each Incremental Loan. The obligation of each Incremental Lender to make an Incremental Loan is subject to the satisfaction of the following additional conditions: (a) after giving pro forma effect to the making of such Incremental Loan, the Borrower shall be in compliance with the covenant set forth in Section 7.11; and (b) receipt by the respective Incremental Lender and the Administrative Agent of a certificate, dated the date of the making of such Incremental Loan (or, in the case of delayed draw Incremental Loans, dated the date of the effectiveness of the applicable Incremental Loan Amendment) and signed by the President, a Vice President, a Financial Officer, or Secretary of the Borrower, demonstrating in reasonable detail compliance with the foregoing clause (a) of this Section.

Appears in 6 contracts

Samples: Incremental Loan Amendment (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc)

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Each Incremental Loan. The obligation of each Incremental Lender to make an Incremental Loan is subject to the satisfaction of the following additional conditions: (a) after giving pro forma effect to the making of such Incremental Loan, the Borrower shall be in compliance with each of the covenant covenants set forth in Section 7.11; and (b) receipt by the respective Incremental Lender and the Administrative Agent of a certificate, dated the date of the making of such Incremental Loan (or, in the case of delayed draw Incremental Loans, dated the date of the effectiveness of the applicable Incremental Loan Amendment) and signed by the President, a Vice President, a Financial Officer, or Secretary of the Borrower, demonstrating in reasonable detail compliance with the foregoing clause (a) of this Section.

Appears in 6 contracts

Samples: Credit Agreement (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc)

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Each Incremental Loan. The obligation of each Incremental Lender to make an Incremental Loan is subject to the satisfaction of the following additional conditions: (a) after giving pro forma effect to the making of such Incremental Loan, the Borrower shall be in compliance with each of the covenant covenants set forth in Section 7.11; and (b) receipt by the respective Incremental Lender and the Administrative Agent of a certificate, dated the date of the making of such Incremental Loan (or, in the case of delayed draw Incremental Loans, dated the date of the effectiveness of the applicable Incremental Loan Amendment) and signed by the President, a Vice President, a Financial Officer, or Secretary of the Borrower, demonstrating in reasonable detail compliance with the foregoing clause (a) of this Section.

Appears in 3 contracts

Samples: Incremental Loan Amendment (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc), Incremental Loan Amendment (Sinclair Broadcast Group Inc)

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