Common use of Each Loan or Letter of Credit Clause in Contracts

Each Loan or Letter of Credit. At the time of making any Loans or issuing, extending or increasing any Letters of Credit and after giving effect to the proposed extensions of credit: (i) the representations and warranties of the Loan Parties shall then be true and correct in all material respects, except where such representation or warranty is made as of a specified date, in which case, as of such specified date, (ii) no Event of Default or Potential Default shall have occurred and be continuing, (iii) the making of the Loans or issuance, extension or increase of such Letter of Credit shall not contravene any Law applicable to any Loan Party or Subsidiary of any Loan Party or any of the Lenders, and (iv) the Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request or to the Issuing Lender an application for a Letter of Credit, as the case may be.

Appears in 4 contracts

Samples: Credit Agreement (Crocs, Inc.), Credit Agreement (Crocs, Inc.), Credit Agreement (Crocs, Inc.)

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Each Loan or Letter of Credit. At the time of making any Loans or issuing, extending or increasing any Letters of Credit and after giving effect to the proposed extensions of credit: (i) the representations representations, warranties and warranties covenants of the Loan Parties Borrower subject to materiality or to a Material Adverse Change clause shall then be true and correct; all other representations, warranties and covenants of the Borrower shall then be true and correct in all material respects, except where such representation or warranty is made as of a specified date, in which case, as of such specified date, (ii) ; no Event of Default or Potential Default shall have occurred and be continuing, (iii) ; the making of the Loans or issuance, extension or increase of such Letter of Credit shall not contravene any Law applicable to the Borrower or any Loan Party or Subsidiary of any Loan Party or any of the Lenders, Borrower; and (iv) the Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request or to the Issuing Lender an application for a Letter of Credit, as the case may bebe to the extent required pursuant to this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Nacco Industries Inc), Credit Agreement (Nacco Industries Inc)

Each Loan or Letter of Credit. At the time of making any Loans or issuing, extending or increasing issuing any Letters of Credit and after giving effect to the proposed extensions of credit: (i) the representations representations, warranties and warranties covenants of the Loan Parties Borrower shall then be true and correct in all respects (in the case of any representation, warranty or covenant containing a materiality modification) or in all material respectsrespects (in the case of any representation, except where such representation warranty or warranty is made as of covenant not containing a specified date, in which case, as of such specified date, (iimateriality modification) and no Event of Default or Potential Default shall have occurred and be continuing, (iii) ; the making of the Loans or issuance, extension or increase issuance of such Letter of Credit shall not contravene any Law applicable to the Borrower or any Loan Party or Subsidiary of any Loan Party the Borrower or any of the Lenders, ; and (iv) the Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request or to the Issuing Lender an application for a Letter of Credit, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Erie Indemnity Co)

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Each Loan or Letter of Credit. At the time of making any Loans or issuing, extending or increasing any Letters of Credit and after giving effect to the proposed extensions of credit: (i) the representations and representations, warranties of the Loan Parties shall then be true and correct in all material respectscorrect, except where to the extent that such representation or warranty is made as of a specified representations and warranties specifically refer to an earlier date, in which case, case they shall be true and correct as of such specified earlier date, (ii) no Event of Default or Potential Default shall have occurred and be continuing, (iii) the making of the Loans or issuance, extension or increase of such Letter of Credit shall not contravene any Law applicable to any Loan Party or Subsidiary of any Loan Party or any of the Lenders, and (iv) the Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request or to the Issuing Lender an application for a Letter of Credit, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Rti International Metals Inc)

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