Common use of Conditions Precedent to All Revolving Loans and Letters of Credit Clause in Contracts

Conditions Precedent to All Revolving Loans and Letters of Credit. The obligation of each Lender to fund its Proportionate Share of any requested Revolving Loan or of the Issuing Bank to issue any requested Letter of Credit is subject to the satisfaction of the conditions precedent set forth below. Each Notice of Borrowing, each Letter of Credit Request, and each issuance by Florsheim of a check drawn against, or request for transfer from, the Disbursement Account shall constitute a representation and warranty by the Borrowers that such conditions are satisfied.

Conditions Precedent to All Revolving Loans and Letters of Credit. The obligation of each Lender to fund its Proportionate Share of any requested Revolving Loan or of the Issuing Bank to issue any requested Letter of Credit is subject to the satisfaction of the conditions precedent set forth below. Each Notice of Borrowing, each Letter of Credit Request, and each issuance by Florsheim the Borrower Representative of a check drawn against, or request for transfer from, the Disbursement Account shall constitute a representation and warranty by the Borrowers that such conditions are satisfied.

Conditions Precedent to All Revolving Loans and Letters of Credit. The obligation of each Lender to fund its Proportionate Share of any requested Revolving Loan or of the Issuing Bank to issue any requested Letter of Credit is subject to the satisfaction of the conditions precedent set forth below. Each Notice of Borrowing, each Letter of Credit Request, and each issuance by Florsheim the Borrower of a check drawn against, or request for transfer from, the Disbursement Account shall constitute a representation and warranty by the Borrowers Borrower that such conditions are satisfied.