Common use of No Future Advance Notice Clause in Contracts

No Future Advance Notice. Neither the Agent nor any Lender shall have received from the Borrower any notice that any Collateral Document will no longer secure future Loans to be made under this Agreement. Each Borrowing Notice submitted by the Borrower hereunder shall constitute a representation and warranty by the Borrower hereunder, as of the date of such notice and as of the date of the making, continuation or conversion of the corresponding Loan, that the conditions in this Section 4.02 have been satisfied.

Appears in 1 contract

Samples: Credit Agreement (American Realty Capital Trust, Inc.)

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No Future Advance Notice. Neither the Administrative Agent nor any Lender Bank shall have received from the 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 or Notice of Conversion/Confirmation or L/C Application submitted by the a Borrower hereunder shall constitute a representation and warranty by the such Borrower hereunder, as of the date of each such notice and as of the date of the makingeach Borrowing Date, continuation Conversion/Continuation Date or conversion of the corresponding Loan, Issuance Date or that the conditions in this Section 4.02 have been 5.02 are satisfied.

Appears in 1 contract

Samples: Credit Agreement (Zemex Corp)

No Future Advance Notice. Neither the Agent nor any Lender shall have received from the Borrower any Credit Party or 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 L/C Application or L/C Amendment Application submitted by the a Borrower hereunder shall constitute a representation and warranty by the Borrower all Borrowers hereunder, as of the date of each such notice and as of the date of the makingeach Borrowing Date or Issuance Date, continuation or conversion of the corresponding Loanas applicable, that the conditions set forth in this Section 4.02 have been 5.02 are satisfied.. ARTICLE VI

Appears in 1 contract

Samples: Credit Agreement (Abc Naco Inc)

No Future Advance Notice. Neither the Agent nor any Lender Bank shall have received from the Borrower Company any notice that any Collateral Document will no longer secure on a first priority basis future advances, future Loans or future Letter of Credit Obligations to be made or extended under this Agreement. Each Notice of Borrowing and Notice of Conversion/Continuation submitted by the Borrower Company hereunder shall constitute a representation and warranty by the Borrower Company hereunder, as of the date of each such notice and as of the date of the makingeach Borrowing Date or Conversion/Continuation Date, continuation or conversion of the corresponding Loanas applicable, that the conditions in this Section 4.02 have been are satisfied.

Appears in 1 contract

Samples: Credit Agreement (Ns Group Inc)

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No Future Advance Notice. Neither the Agent Agents nor any Lender Bank shall have received from the 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 or Notice of Conversion/Confirmation submitted by the a Borrower hereunder shall constitute a representation and warranty by the such Borrower hereunder, as of the date of each such notice and as of the date of the making, continuation each Borrowing Date or conversion of the corresponding Loan, Conversion/Continuation Date or that the conditions in this Section 4.02 have been 5.02 are satisfied.

Appears in 1 contract

Samples: Credit Agreement (Zemex Corp)

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