Common use of Revolving Credit Availability Clause in Contracts

Revolving Credit Availability. After giving effect to the Credit Extension so requested, the Aggregate Revolving Credit Exposure shall not exceed the Aggregate Commitments in effect as of the date of such Credit Extension. Each Credit Extension hereunder shall be deemed to be a representation and warranty by Borrower that the conditions specified in this Section 5.2 have been satisfied on and as of the date of the applicable Credit Extension.

Appears in 3 contracts

Samples: Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.)

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Revolving Credit Availability. After giving effect to the Credit Extension so requested, the Aggregate Revolving Credit Exposure shall not exceed the Aggregate Commitments in effect as of the date of such Credit Extension. Each Credit Extension hereunder shall be deemed to be a representation and warranty by Borrower that the conditions specified in this Section 5.2 5.3 have been satisfied on and as of the date of the applicable Credit Extension.

Appears in 2 contracts

Samples: Credit Agreement (Granite Ridge Resources, Inc.), Credit Agreement (Granite Ridge Resources, Inc.)

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