Common use of Each Loan Clause in Contracts

Each Loan. The obligation of the Lender to make each Loan is subject to the satisfaction of the following conditions: (a) The representations and warranties of the Credit Parties set forth in Article III of this Agreement (other than the representations and warranties set forth in subsections 3.4(b), 3.6(a)(i) and 3.6(b)) shall be true and correct in all material respects on and as of the date of such Loan (except to the extent related to a specific earlier date). (b) At the time of and immediately after giving effect to such Loan, no Event of Default shall have occurred and be continuing. Each Loan shall be deemed to constitute a representation and warranty by each of the Credit Parties on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section.

Each Loan. The obligation of the each Lender to make each a Loan on the occasion of any Borrowing is subject to the satisfaction of the following conditions: (a) The representations and warranties of the Credit Parties set forth in Article III of this Agreement (other than the representations and warranties set forth in subsections 3.4(b), 3.6(a)(i) and 3.6(b)) shall be true and correct in all material respects on and as of the date of such Loan Borrowing (except to the extent related to a specific earlier date). (b) At the time of and immediately after giving effect to such LoanBorrowing, no Event of Default shall have occurred and be continuing. Each Loan Borrowing shall be deemed to constitute a representation and warranty by each of the Credit Parties on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section.