Common use of SUCCEEDING LOANS Clause in Contracts

SUCCEEDING LOANS. The application by Borrower for any Revolving Credit Loan other than the first shall be deemed a representation and warranty by Borrower that the statements in Section 7.2 are true and correct on and as of the date of each such Loan.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Continental Materials Corp), Revolving Credit and Term Loan Agreement (Continental Materials Corp)

AutoNDA by SimpleDocs

SUCCEEDING LOANS. The application by the Borrower for any Revolving Credit Loan other than the first shall be deemed a representation and warranty by the Borrower that the statements in Section 7.2 are true and correct on and as of the date of each such Loan.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Continental Materials Corp), Revolving Credit and Term Loan Agreement (Continental Materials Corp)

AutoNDA by SimpleDocs

SUCCEEDING LOANS. The application by the Borrower for any Revolving Credit Loan other than the first shall be deemed a representation and warranty by the Borrower that the statements in Section 7.2 6.2 are true and correct on and as of the date of each such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sun Hydraulics Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!