Common use of No Future Advance Notice Clause in Contracts

No Future Advance Notice. Neither the Administrative Agent nor any Lender shall have received any notice that any Collateral Document will no longer secure on a first priority basis future advances or future Loans to be made or extended under this Agreement. Each Notice of Borrowing, Notice of Conversion/Continuation and L/C Application or L/C Amendment Application submitted by the Company hereunder shall constitute a representation and warranty by the Company hereunder, as of the date of each such notice and as of each Borrowing Date, Conversion/Continuation Date, or Issuance Date, as applicable, that the conditions in SECTION 5.02 are satisfied.

Appears in 2 contracts

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

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No Future Advance Notice. Neither the Administrative Agent nor any Lender shall have received any notice that any Collateral Document will no longer secure on a first priority basis future advances or future Loans to be made or extended under this Agreement. Each Notice of Borrowing, Notice of Conversion/Continuation and L/C Application or L/C Amendment Application submitted by the Company hereunder shall constitute a representation and warranty by the Company hereunder, as of the date of each such notice and as of each Borrowing Date, Conversion/Continuation Date, or Issuance Date, as applicable, that the conditions in SECTION Section 5.02 are satisfied.

Appears in 2 contracts

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

No Future Advance Notice. Neither the Administrative Agent nor any Lender shall have received from Holdings or any other Person any notice that any Collateral Document will no longer secure on a first priority basis future advances or future Loans to be made or extended under this Agreement. Each Notice of Borrowing, Notice of Conversion/Continuation Borrowing and L/C Application or L/C Amendment Application submitted by the Company Holdings hereunder shall constitute a representation and warranty by the Company Holdings hereunder, as of the date of each such notice and as of each Borrowing Date, Conversion/Continuation Date, Date or Issuance Date, as applicable, that the conditions in SECTION 5.02 this Section 5.03 are satisfied.

Appears in 1 contract

Samples: Credit Agreement (Building Materials Holding Corp)

No Future Advance Notice. Neither the Administrative Agent nor any Lender Bank shall have received any notice that any Collateral Document will no longer secure on a first priority basis future advances or future Loans to be made or extended under this Agreement. Each Notice of Borrowing, Notice of Conversion/Continuation and L/C Application or L/C Amendment Application submitted by the Company hereunder shall constitute a representation and warranty by the Company hereunder, as of the date of each such notice and as of each Borrowing Date, Conversion/Continuation Date, or Issuance Date, as applicable, that the conditions in SECTION 5.02 are satisfied.

Appears in 1 contract

Samples: Credit Agreement (Giant Industries Inc)

No Future Advance Notice. Neither the Administrative Agent nor any Lender shall have received from Holdings or any other Person any notice that any Collateral Document will no longer secure on a first priority basis future advances or future Loans to be made or extended under this Agreement. Each Notice of Borrowing, Notice of Conversion/Continuation Borrowing and L/C Application or L/C Amendment Application submitted by the Company Holdings hereunder shall constitute a representation and warranty by the Company Holdings hereunder, as of the date of each such notice and as of each Borrowing Date, Conversion/Continuation Date, Date or Issuance Date, as applicable, that the conditions in SECTION 5.02 this Section 5.04 are satisfied.

Appears in 1 contract

Samples: Credit Agreement (Building Materials Holding Corp)

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No Future Advance Notice. Neither the Administrative Agent nor any Lender Bank shall ------------------------ have received from the Company any notice that any Collateral Document will no longer secure on a first priority basis future advances or future Loans to be made or extended under this Agreement. Each Notice of Borrowing, Notice of Conversion/Continuation and L/C Application or L/C Amendment Application submitted by the Company hereunder shall constitute a representation and warranty by the Company hereunder, as of the date of each such notice and as of each Borrowing Date, Conversion/Continuation Date, Date or Issuance Date, as applicable, that the conditions in SECTION this Section 5.02 are satisfied.

Appears in 1 contract

Samples: Credit Agreement (Globalcenter Inc)

No Future Advance Notice. Neither the Administrative Agent nor any Lender Bank shall have received from a Borrower any notice that any Collateral Document will no longer secure on a first priority basis future advances or future Loans to be made or extended under this Agreement. Each Notice of Borrowing, Borrowing or Notice of Conversion/Continuation and Confirmation or L/C Application or L/C Amendment Application submitted by the Company a Borrower hereunder shall constitute a representation and warranty by the Company such Borrower hereunder, as of the date of each such notice and as of each Borrowing Date, Conversion/Continuation Date, Date or Issuance Date, as applicable, Date or that the conditions in SECTION this Section 5.02 are satisfied.. 50

Appears in 1 contract

Samples: Credit Agreement (Zemex Corp)

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