Conditions Precedent to All Accommodations. (1) The obligation of each Lender to make Accommodations or otherwise give effect to any Accommodation Notice hereunder shall be subject to the conditions precedent that on the date of such Accommodation Notice and Accommodation, and immediately after giving effect thereto and to the application of any proceeds therefrom, (x) the representations and warranties contained in Article 6 are true and correct in all material respects on and as of such date, all as though made on and as of such date except for those changes to the representations and warranties which have been disclosed to and accepted by the Administrative Agent and the Lenders pursuant to Section 17.01 and any representation and warranty which is stated to be made as of a certain date (and then as of such date);and (y) no event or condition has occurred and is continuing, or would result from such Accommodation or giving effect to such Accommodation Notice, which constitutes a Default or an Event of Default.
Conditions Precedent to All Accommodations. The obligation of the Banks to make any Accommodation hereunder is subject to the fulfilment of each of the following conditions immediately prior to or contemporaneously with such Accommodation satisfactory to the Majority Banks:
Conditions Precedent to All Accommodations. At any time, the obligation of the Lenders or any one or more of them to make an Accommodation and the right of a Borrower to deliver an Accommodation Notice shall be subject to the conditions, which conditions are for the exclusive benefit of the Agent and the Lenders and may, in the case of Sections 6.3(1) and 6.3(4), be waived in whole or in part by the Agent with the unanimous approval of the Lenders and, in the case of Sections 6.3(2) and 6.3(3), be waived in whole or in part by the Agent with the approval of the Majority Lenders, in each case in their sole discretion, that on the date of each such Accommodation, and after giving effect thereto and to the application of proceeds therefrom:
Conditions Precedent to All Accommodations. Section 12.01(a) of the Credit Agreement is hereby amended to add “Default or” immediately prior to the phrase “Event of Default” on the first line thereof.
Conditions Precedent to All Accommodations. (1) The obligation of each Lender to make Accommodations or otherwise give effect to any Accommodation Notice is subject to fulfilment of the following conditions at the time of any Accommodation Notice or Accommodation, as the case may be:
Conditions Precedent to All Accommodations. (1) The obligation of each Lender to make Accommodations or otherwise give effect to any Accommodation Notice hereunder shall be subject to the conditions precedent that on the date of such Accommodation Notice and Accommodation, and after giving effect thereto and to the application of any proceeds therefrom, (i) in the case of Accommodations (other than conversions or renewals of Drawings under Section 4.5, the Continuing Representations are, subject to the next following sentence, true and correct on and as of such date, all as though made (unless such representation relates only to a specified date) on and as of such date; (ii) no event or condition has occurred and is continuing, or would result from such Accommodation or giving effect to such Accommodation Notice, which constitutes a Default or an Event of Default; and (iii) such Accommodation, or otherwise giving effect to such Accommodation Notice, will not violate any applicable Law then in effect. If a Continuing Representation not qualified by a Material Adverse Effect standard is not true and correct for the purposes of this Section 6.2, the condition precedent described in item (i) above shall be deemed to have been satisfied provided that no event or circumstance has arisen subsequent to the Closing Date which would result in such Continuing Representation not being true and correct and which could reasonably be expected to have a Material Adverse Effect on and as of such date, as though made (unless such representation relates only to a specified date) on and as of such date.
