Example ContractsClauseseach advance and letter of creditVariants
Each Advance and Letter of Credit
Each Advance and Letter of Credit contract clause examples

. At the time of making any Loans or issuing, extending or increasing any Letters of Credit and after giving effect to the proposed extensions of credit: # all representations and warranties of the Loan Parties set forth in this Agreement are true and correct in all material respects on such date (except representations and warranties which relate solely to an earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times referred to therein), # no Event of Default or Potential Default shall have occurred and be continuing, # the making of the Loans or issuance, extension or increase of such Letter of Credit shall not contravene any Law applicable to any Loan Party or Subsidiary of any Loan Party or any of the Lenders, # the Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request or to an Issuing Lender an application for a Letter of Credit, as the case may be, # in the case of any Loan to be denominated in an Optional Currency or Letter of Credit to be denominated in an Alternate Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative Agent or the Required Lenders (in the case of any Loans to be denominated in an Optional Currency) or the Issuing Lender (in the case of any Letter of Credit to be denominated in an Alternate Currency) would make it impracticable for such Loan to be denominated in the relevant Optional Currency or Letter of Credit to be denominated in the relevant Alternate Currency, and # each of the Loan Parties shall have performed all of its Obligations to be performed hereunder.

0">.0">Each Loan or Letter of Credit. At the time of making any Loans or issuing, extending or increasing any Letters of Credit and after giving effect to the proposed extensions of 2">credit:2">credit (including any such extension of credit on the Closing Date): # 4">all4">the representations and warranties of the Loan Parties 6">set forth6">shall then be true and correct in 8">this Agreement are8">all material respects, except for representations and warranties which # specifically refer to an earlier date which shall have been true and correct in all material respects 10">on10">as of such12"> date (except representations and warranties which relate solely to an earlier date 14">or time,14">referred to therein, and # are qualified by materiality which 16">representations and warranties shall16">will be true and correct 18">on and as of the specific dates or times referred to therein),18">in all respects, # no Event of Default or Potential Default shall have occurred and be continuing,20"> # the making of the Loans or issuance, extension or increase of such Letter of Credit shall not contravene any Law applicable to any Loan Party or Subsidiary of any Loan Party or any of the Lenders, # the Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request or to 22">an22">the Issuing Lender an application for a Letter of Credit, as the case may be, 24">and # in the case of any Loan26"> to be denominated in an Optional Currency or Letter of Credit to be denominated in an 28">Alternate28">Optional Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative 30">Agent or30">Agent, the Required Lenders (in the case of any Loans to be denominated in an Optional Currency) or the Issuing Lender (in the case of any Letter of Credit to be denominated in an 32">Alternate32">Optional Currency) would make it impracticable for such Loan34"> to be denominated in the relevant Optional Currency or Letter of Credit to be denominated in the relevant 36">Alternate Currency, and # each of the Loan Parties shall have performed all of its Obligations to be performed hereunder.36">Optional Currency.

0">. At the time of making any Loans or issuing, extending or increasing any Letters of Credit and after giving effect to the proposed extensions of credit: # 2">all2">the representations and warranties of the Loan Parties 4">set forth4">shall then be true and correct in 6">this Agreement are6">all material respects, except for representations and warranties which # specifically refer to an earlier date which shall have been true and correct in all material respects 8">on8">as of such10"> date (except representations and warranties which relate solely to an earlier date 12">or time,12">referred to therein, and # are qualified by materiality which 14">representations and warranties shall14">will be true and correct 16">on and as of the specific dates or times referred to therein),16">in all respects, # no Event of Default or Potential Default shall have occurred and be continuing, # the making of the Loans or issuance, extension or increase of such Letter of Credit shall not contravene any Law applicable to any Loan Party or 18">Subsidiary of any Loan Party or any of the Lenders, # the Borrower shall have delivered to the Administrative Agent a duly executed and completed Loan Request or to 20">an20">the Issuing Lender an application for a Letter of Credit, as the case may be, 22">and # in the case of any Loan24"> to be denominated in an Optional Currency or Letter of Credit to be denominated in an 26">Alternate26">Optional Currency, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of the Administrative 28">Agent or28">Agent, the Required Lenders (in the case of any Loans to be denominated in an Optional Currency) or the Issuing Lender (in the case of any Letter of Credit to be denominated in an 30">Alternate30">Optional Currency) would make it impracticable for such Loan32"> to be denominated in the relevant Optional Currency or Letter of Credit to be denominated in the relevant 34">Alternate Currency, and # each of the Loan Parties shall have performed all of its Obligations to be performed hereunder.34">Optional Currency.

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