Common use of Each Revolving Loan Clause in Contracts

Each Revolving Loan. The obligation of the Lender to make each Revolving Loan is subject to the satisfaction of the following conditions: (a) at the time of and immediately after giving effect to such Revolving Loan, no Default or Event of Default shall exist; (b) all representations and warranties of the Borrower herein shall be true and correct in all material respects on and as of the date of such Revolving Loan both before and after giving effect thereto; (c) since December 31, 2004, there shall have been no change which has had or could reasonably be expected to have a Material Adverse Effect; (d) the Lender shall have received a duly executed Notice of Borrowing in accordance with Section 2.2 hereof; and (e) the Lender shall have received such other documents, certificates, information or legal opinions as it may reasonably request, all in form and substance reasonably satisfactory to the Lender. The making of each Revolving Loan shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a), (b) and (c) of this Section 3.2.

Appears in 2 contracts

Samples: Revolving Credit Agreement (NBC Capital Corp), Revolving Credit Agreement (Ameris Bancorp)

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Each Revolving Loan. The obligation of the Lender to make each Revolving Loan is subject to the satisfaction of the following conditions: (a) at the time of and immediately after giving effect to such Revolving Loan, no Default or Event of Default shall exist; (b) all representations and warranties of the Borrower herein shall be true and correct in all material respects on and as of the date of such Revolving Loan both before and after giving effect thereto; (c) since December 31, 20042006, there shall have been no change which has had or could reasonably be expected to have a Material Adverse Effect; (d) the Lender shall have received a duly executed Notice of Borrowing in accordance with Section 2.2 hereof; and (e) the Lender shall have received such other documents, certificates, information or legal opinions as it may reasonably request, all in form and substance reasonably satisfactory to the Lender. The making of each Revolving Loan shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a), (b) and (c) of this Section 3.2.

Appears in 1 contract

Samples: Revolving Credit Agreement (Pinnacle Financial Partners Inc)

Each Revolving Loan. The obligation of the Lender to make each Revolving Loan is subject to the satisfaction of the following conditions: (a) at the time of and immediately after giving effect to such Revolving Loan, no Default or Event of Default shall exist; (b) all representations and warranties of the Borrower herein shall be true and correct in all material respects on and as of the date of such Revolving Loan both before and after giving effect thereto; (c) since December 31, 20042007, there shall have been no change which has had or could reasonably be expected to have a Material Adverse Effect; (d) the Lender shall have received a duly executed Notice of Borrowing in accordance with Section 2.2 hereof; and (e) the Lender shall have received such other documentsdocu­ments, certificates, information or legal opinions as it may reasonably request, all in form and substance reasonably satisfactory sat­isfactory to the Lender. The making of each Revolving Loan shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a), (b) and (c) of this Section 3.2.

Appears in 1 contract

Samples: Revolving Credit Agreement (FNB United Corp.)

Each Revolving Loan. The obligation of the Lender to make each Revolving Loan is subject to the satisfaction of the following conditions: (a) at the time of and immediately after giving effect to such Revolving Loan, no Default or Event of Default shall exist; (b) all representations and warranties of the Borrower herein shall be true and correct in all material respects on and as of the date of such Revolving Loan both before and after giving effect thereto; (c) since December 31, 20042013, there shall have been no change which has had or could reasonably be expected to have a Material Adverse Effect; (d) the Lender shall have received a duly executed Notice of Borrowing in accordance with Section 2.2 hereof; and (e) the Lender shall have received such other documents, certificates, certificates or information or legal opinions as it may reasonably request, all in form and substance reasonably satisfactory to the Lender. The making of each Revolving Loan shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a), (b) and (c) of this Section 3.2.

Appears in 1 contract

Samples: Loan Agreement (Southern First Bancshares Inc)

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Each Revolving Loan. The obligation of the Lender to make each Revolving Loan is subject to the satisfaction of the following conditions: (a) at the time of and immediately after giving effect to such Revolving Loan, no Default or Event of Default shall exist; (b) all representations and warranties of the Borrower herein shall be true and correct in all material respects on and as of the date of such Revolving Loan both before and after giving effect thereto; (c) since December 31, 20042003, there shall have been no change which has had or could reasonably be expected to have a Material Adverse Effect; (d) the Lender shall have received a duly executed Notice of Borrowing in accordance with Section 2.2 hereof; and (e) the Lender shall have received such other documents, certificates, information or legal opinions as it may reasonably request, all in form and substance reasonably satisfactory to the Lender. The making of each Revolving Loan shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a), (b) ), and (c) of this Section 3.2.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fulton Financial Corp)

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