Common use of Conditions Precedent to Each Revolving Borrowing Clause in Contracts

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

Appears in 3 contracts

Samples: Credit Agreement (Cytec Industries Inc/De/), Day Credit Agreement (Cytec Industries Inc/De/), Day Credit Agreement (Cytec Industries Inc/De/)

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

Appears in 3 contracts

Samples: Day Credit Agreement (Cytec Industries Inc/De/), Credit Agreement (Cytec Industries Inc/De/), Credit Agreement (Cytec Industries Inc/De/)

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Conditions Precedent to Each Revolving Borrowing. The ------------------------------------------------ obligation of each Lender to make a Revolving Advance on the occasion of each Revolving Borrowing (including the initial Revolving Borrowing) shall be subject to the further conditions precedent that on the date of such Revolving Borrowing (a) the following statements shall be true (and each of the giving of the applicable Notice of Revolving Borrowing and the acceptance by the Borrower of the proceeds of such Revolving Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Revolving Borrowing such statements are true):

Appears in 1 contract

Samples: Credit Agreement (Foundation Health Systems Inc)

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