Common use of Conditions Precedent to All Borrowings Clause in Contracts

Conditions Precedent to All Borrowings. The obligation of each Lender to make an Advance on the occasion of each Borrowing shall be subject to the further conditions precedent that on the date of such Borrowing the following statements shall be true (and each of the giving of the applicable Notice of Borrowing, or Notice of Conversion or Continuation and the acceptance by the Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Borrowing, such statements are true):

Appears in 2 contracts

Samples: Credit Agreement (TXO Partners, L.P.), Credit Agreement (MorningStar Partners, L.P.)

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Conditions Precedent to All Borrowings. The obligation of each Lender to make an any Advance on to the occasion of each Borrowing Borrower shall be subject to the further conditions precedent that on the date of such Borrowing the following statements shall be true (true, and each of the giving of the applicable Notice of Borrowing, or Notice of Conversion or Continuation Borrowing and the acceptance by the Borrower of the proceeds of such Borrowing Advances pursuant thereto shall constitute a representation and warranty by the Borrower that on the date of the making of such Borrowing, Advances such statements are true)::

Appears in 1 contract

Samples: Credit Agreement (Exelon Corp)

Conditions Precedent to All Borrowings. The obligation of each Lender to make an Advance on the occasion of each Borrowing shall be subject to the further conditions precedent that on the date of such Borrowing Borrowing, the following statements shall be true (and each of the giving of the applicable Notice notice of Borrowing, or Notice of Conversion or Continuation borrowing and the acceptance by the Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Borrowing, Borrowing such statements are true):

Appears in 1 contract

Samples: Subordinated Credit Agreement (Brigham Exploration Co)

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Conditions Precedent to All Borrowings. The obligation of each Lender to make an Advance on Each Borrowing (including the occasion of each Borrowing initial Borrowing) shall be subject to the further conditions precedent that on the date of such Borrowing the following statements shall be true (and each of the giving of the applicable Notice of Borrowing, or Notice of Conversion or Continuation and the acceptance by the Borrower of will be true immediately after using the proceeds of such Borrowing shall constitute a representation for the purpose or purposes for which such proceeds were borrowed) and warranty by the Borrower that on (by accepting the date proceeds of such Borrowing, ) shall be deemed to have certified that all such statements conditions precedent are true):satisfied at such time:

Appears in 1 contract

Samples: Credit Agreement (Mru Holdings Inc)

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