Common use of Initial and Subsequent Extensions of Credit Clause in Contracts

Initial and Subsequent Extensions of Credit. The obligation of ------------------------------------------- the Lenders to make any Loan or otherwise extend any credit to the Borrowers upon the occasion of each borrowing or other extension of credit hereunder (including the initial borrowing) is subject to the further conditions precedent that, both immediately prior to the making of such Loan or other extension of credit and also after giving effect thereto and to the intended use thereof: (a) no Default shall have occurred and be continuing; and (b) the representations and warranties made by the Borrowers in Section 7 hereof, and by each Obligor in the other Loan Documents to which it is a party, shall be true and complete on and as of the date of the making of such Loan or other extension of credit with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). Each notice of borrowing or request for the issuance of a Letter of Credit by the Borrowers hereunder shall constitute a certification by the Borrowers to the effect set forth in the preceding sentence (both as of the date of such notice or request and, unless the Borrowers otherwise notify the Administrative Agent prior to the date of such borrowing or issuance, as of the date of such borrowing or issuance).

Appears in 2 contracts

Samples: Credit Agreement (Mediacom Broadband Corp), Credit Agreement (Mediacom Communications Corp)

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Initial and Subsequent Extensions of Credit. The obligation of the ------------------------------------------- the Lenders to make any Loan or otherwise extend any credit to the Borrowers Borrower upon the occasion of each borrowing or other extension of credit hereunder (including the initial borrowing) is subject to the further conditions precedent that, both immediately prior to the making of such Loan or other extension of credit and also after giving effect thereto and to the intended use thereof: (a) no Default shall have occurred and be continuing; and (b) the representations and warranties made by the Borrowers Borrower in Section 7 hereof, and by each Obligor in the other Loan Documents to which it is a party, shall be true and complete on and as of the date of the making of such Loan or other extension of credit with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). Each notice of borrowing or request for the issuance of a Letter of Credit by the Borrowers Borrower hereunder shall constitute a certification by the Borrowers Borrower to the effect set forth in the preceding sentence (both as of the date of such notice or request and, unless the Borrowers Borrower otherwise notify notifies the Administrative Agent prior to the date of such borrowing or issuance, as of the date of such borrowing or issuance).

Appears in 2 contracts

Samples: Credit Agreement (Mediacom LLC), Credit Agreement (Mediacom LLC)

Initial and Subsequent Extensions of Credit. The obligation of ------------------------------------------- the Lenders to make any Loan or otherwise extend any credit to the Borrowers upon the occasion of each borrowing or other extension of credit hereunder (including the initial borrowing) is subject to the further conditions precedent that, both immediately prior to the making of such Loan or other extension of credit and also after giving effect thereto and to the intended use thereof: (a) no Default shall have occurred and be continuing; and (b) the representations and warranties made by the Borrowers in Section 7 hereof, and by each Obligor in the other Loan Documents to which it is a party, shall be true and complete on and as of the date of the making of such Loan or other extension of credit with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). Each notice of borrowing or request for the issuance of a Letter of Credit by the Borrowers hereunder shall constitute a certification by the Borrowers to the effect set forth in the preceding sentence (both as of the date of such notice or request and, unless the Borrowers otherwise notify the Administrative Agent prior to the date of such borrowing or issuance, as of the date of such borrowing or issuance).

Appears in 2 contracts

Samples: Credit Agreement (Mediacom Capital Corp), Credit Agreement (Mediacom Communications Corp)

Initial and Subsequent Extensions of Credit. The obligation of ------------------------------------------- the Lenders to make any Loan or otherwise extend any credit to the Borrowers upon the occasion of each borrowing or other extension of credit hereunder (including the initial borrowing) is subject to the further conditions precedent that, both immediately prior to the making of such Loan or other extension of credit and also after giving effect thereto and to the intended use thereof: (a) no Default shall have occurred and be continuing; and (b) the representations and warranties made by the Borrowers in Section 7 hereof, and by each Obligor in the other Loan Documents to which it is a party, shall be true and complete on and as of the date of the making of such Loan or other extension of credit with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). Credit Agreement Each notice of borrowing or request for the issuance of a Letter of Credit by the Borrowers hereunder shall constitute a certification by the Borrowers to the effect set forth in the preceding sentence (both as of the date of such notice or request and, unless the Borrowers otherwise notify the Administrative Agent prior to the date of such borrowing or issuance, as of the date of such borrowing or issuance).

Appears in 1 contract

Samples: Credit Agreement (Mediacom Communications Corp)

Initial and Subsequent Extensions of Credit. The ------------------------------------------- obligation of ------------------------------------------- the Lenders any Lender to make any Loan (including such Lender's initial Loan) or otherwise extend any credit to the Borrowers Company upon the occasion of each borrowing or other extension of credit hereunder (including the initial borrowing) is subject to the further conditions precedent that, both immediately prior to the making of such Loan or other extension of credit and also after giving effect thereto and to the intended use thereof: : (a) no Default shall have occurred and be continuing; and and (b) the representations and warranties made by the Borrowers Company in Section 7 8 hereof, and by each Obligor in each of the other Loan Basic Documents to which it is a party, shall be true and complete on and as of the date of the making of such Loan or other extension of credit with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). Each notice of borrowing or request for the issuance of a Letter of Credit by the Borrowers Company hereunder shall constitute a certification by the Borrowers Company to the effect set forth in the preceding sentence (both as of the date of such notice or request and, unless the Borrowers Company otherwise notify notifies the Administrative Agent prior to the date of such borrowing or issuance, as of the date of such borrowing or issuance).

Appears in 1 contract

Samples: Credit Agreement (Circor International Inc)

Initial and Subsequent Extensions of Credit. The obligation ------------------------------------------- of ------------------------------------------- the Lenders to make any Loan or otherwise extend any credit to the Borrowers Company upon the occasion of each borrowing or other extension of credit hereunder (including the initial borrowing) is subject to the further conditions precedent that, both immediately prior to the making of such Loan or other extension of credit and also after giving effect thereto and to the intended use thereof: (a) no Default shall have occurred and be continuing; and (b) the representations and warranties made by the Borrowers Company in Section 7 8 hereof, and by each Obligor in each of the other Loan Documents to which it is a party, shall be true and complete on and as of the date of the making of such Loan or other extension of credit with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). Each notice of borrowing or request for the issuance of a Letter of Credit by the Borrowers Company hereunder shall constitute a certification by the Borrowers Company to the effect set forth in the preceding sentence (both as of the date of such notice or request and, unless the Borrowers Company otherwise notify Credit Agreement ---------------- notifies the Administrative Agent prior to the date of such borrowing or issuance, as of the date of such borrowing or issuance).

Appears in 1 contract

Samples: Credit Agreement (Advo Inc)

Initial and Subsequent Extensions of Credit. The obligation agreement of ------------------------------------------- the Lenders Lender to make any Loan or otherwise extend any credit to the Borrowers Company pursuant to a Letter of Credit or a Lease Guaranty upon the occasion of each borrowing or other such extension of credit hereunder (including the initial borrowing) is subject to the further conditions precedent that, both immediately prior to the making of such Loan or other such extension of credit and also after giving effect thereto and to the intended use thereof: : (a) no Default shall have occurred and be continuing; and and (b) the representations and warranties made by the Borrowers Company in Section 7 8 hereof, and by each Obligor in each of the other Loan Basic Documents to which it is a party, shall be true and complete on and as of the date of the making of such Loan or other such extension of credit with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). Each notice of borrowing or request for the issuance of a Lease Guaranty or a Letter of Credit by the Borrowers Company hereunder shall constitute a certification by the Borrowers Company to the effect set forth in the preceding sentence (both as of the date of such notice or request and, unless the Borrowers Company otherwise notify notifies the Administrative Agent Lender prior to the date of such borrowing or issuance, as of the date of such borrowing or issuance).

Appears in 1 contract

Samples: Credit Agreement (Agency Com LTD)

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Initial and Subsequent Extensions of Credit. The obligation of ------------------------------------------- the Lenders to make any Loan or otherwise extend any credit to the Borrowers Company upon the occasion of each borrowing borrow- ing or other extension of credit hereunder (including the initial ini- tial borrowing) is subject to the further conditions precedent that, both immediately prior to the making of such Loan or other extension of credit and also after giving effect thereto and to the intended use thereof: (a) no Default shall have occurred and be continuingcontinu- ing; and (b) the representations and warranties made by the Borrowers Company in Section 7 8 hereof, and by each Obligor in each of the other Loan Documents to which it is a party, shall be true and complete on and as of the date of the making of such Loan or other extension of credit with the same force Credit Agreement and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). Each notice of borrowing or request for the issuance of a Letter Let- ter of Credit by the Borrowers Company hereunder shall constitute a certification cer- tification by the Borrowers Company to the effect set forth in the preceding pre- ceding sentence (both as of the date of such notice or request and, unless the Borrowers Company otherwise notify notifies the Administrative Agent prior to the date of such borrowing or issuance, as of the date of such borrowing or issuance).

Appears in 1 contract

Samples: Credit Agreement (Advo Inc)

Initial and Subsequent Extensions of Credit. The obligation of ------------------------------------------- the Lenders and the Swingline Bank to make any Loan or otherwise extend any credit to the Borrowers Company upon the occasion of each borrowing or other extension of credit hereunder (including the initial borrowingborrowing or other extension of credit) is subject to the further conditions precedent that, both immediately prior to the making of such Loan or other extension of credit and also after giving effect thereto and to the intended use thereof: (a) no Default shall have occurred and be continuing; and (b) the representations and warranties made by the Borrowers Obligors in Section 7 8 hereof, and by each Obligor in each of the other Loan Basic Documents to which it is a party, shall be true and complete on and as of the date of the making of such Loan or other extension of credit with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). Each notice of borrowing or request for the issuance of a Letter of Credit by the Borrowers Company hereunder shall constitute a certification by the Borrowers Company to the effect set forth in the preceding sentence (both as of the date of such notice or request and, unless the Borrowers Company otherwise notify notifies the Administrative Agent prior to the date of such borrowing or issuance, as of the date of such borrowing or issuance).

Appears in 1 contract

Samples: Credit Agreement (Barnes & Noble Inc)

Initial and Subsequent Extensions of Credit. The obligation of the ------------------------------------------- the Lenders to make any Loan or otherwise extend any credit to the Borrowers upon the occasion of each borrowing or other extension of credit hereunder (including the initial borrowing) is subject to the further conditions precedent that, both immediately prior to the making of such Loan or other extension of credit and also after giving effect thereto and to the intended use thereof:: Credit Agreement ---------------- (a) no Default shall have occurred and be continuing; and (b) the representations and warranties made by the Borrowers in Section 7 hereof, and by each Obligor in the other Loan Documents to which it is a party, shall be true and complete on and as of the date of the making of such Loan or other extension of credit with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date). Each notice of borrowing or request for the issuance of a Letter of Credit by the Borrowers hereunder shall constitute a certification by the Borrowers to the effect set forth in the preceding sentence (both as of the date of such notice or request and, unless the Borrowers otherwise notify the Administrative Agent prior to the date of such borrowing or issuance, as of the date of such borrowing or issuance).

Appears in 1 contract

Samples: Credit Agreement (Mediacom Communications Corp)

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