Common use of Conditions as Covenants Clause in Contracts

Conditions as Covenants. If the Lenders permit the making of any Loans, or the Agent issues a Letter of Credit, prior to the satisfaction of all conditions precedent set forth in Sections 6.1. and 6.2., the Borrower shall nevertheless cause any such condition or conditions not waived by the Agent and the Requisite Lenders to be satisfied within 5 Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a confirmation by such Lender to the Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 6.1. and 6.2.

Appears in 2 contracts

Samples: Credit Agreement (Regency Centers Corp), Credit Agreement (Regency Centers Lp)

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Conditions as Covenants. If the Lenders permit the making of any Loans, or the Agent issues a Letter of Credit, Loans prior to the satisfaction of all conditions precedent set forth in Sections 6.1. and 6.2., 6.1 or 6.2 but require the Borrower shall nevertheless to cause any such condition or conditions not waived by the Agent and the Requisite Lenders to be satisfied within 5 Business Days after the date of the making of such Loans or Loans, the issuance of such Letter of CreditBorrower shall enter into a supplementary agreement establishing the conditions to be satisfied thereafter and the time by which they must be satisfied, as reasonably required by the Administrative Agent. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a confirmation by such Lender to the Administrative Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 6.1. 6.1 and 6.2.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Lodging Trust)

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Conditions as Covenants. If the Lenders permit the making of any Loans, or the Agent issues a Letter of Credit, Loans prior to the satisfaction of all conditions precedent set forth in Sections 6.1. and 6.2., the such condition or conditions shall not be deemed waived unless Lenders waive such condition or conditions in writing and, if requested by Lenders, Borrower shall nevertheless cause any such condition or conditions not waived by the Agent and the Requisite Lenders to be satisfied within 5 Business Days a reasonable period of time after the date of the making of such Loans or the issuance of such Letter of CreditLoans. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a confirmation by such Lender to the Administrative Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 6.1. and 6.2.

Appears in 1 contract

Samples: Credit Agreement (CBL & Associates Properties Inc)

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