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) all representations, warranties of the Loan Parties shall then be true and correct (or to the extent that such representation and warranties refer to an earlier date, as of such 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 Borrowers 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.

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) all the representations, warranties and covenants of the Loan Parties shall then be true and correct in all respects which are material (or whether material to the extent that such representation or warranty itself, taken as a whole, or otherwise material) and warranties refer to an earlier date, as of such 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 issuance 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 Borrowers Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request (or Swing Loan Request, if applicable) or to the Issuing Lender an application for a Letter of Credit, as the case may be.