Common use of Determinations Under Section 3 Clause in Contracts

Determinations Under Section 3. 01. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender Party shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lender Parties unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender Party prior to the date that the Borrower, by notice to the Lender Parties, designates as the proposed Effective Date, specifying its objection thereto. The Administrative Agent shall promptly notify the Lender Parties of the occurrence of the Effective Date.

Appears in 4 contracts

Samples: Credit Agreement (Consolidated Freightways Corp), Credit Agreement (Paxar Corp), Credit Agreement (Paxar Corp)

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Determinations Under Section 3. 01. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender Party shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lender Parties unless an officer of the Administrative Documentation Agent responsible for the transactions contemplated by this Agreement Loan Documents shall have received notice from such Lender Party prior to the date that the Borrower, by notice to the Lender PartiesLenders, designates as the proposed Effective Date, specifying its objection thereto. The Administrative Agent shall promptly notify the Lender Parties of the occurrence of the Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (Warnaco Group Inc /De/), Credit Agreement (Warnaco Group Inc /De/)

Determinations Under Section 3. 01. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender Party shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lender Parties unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender Party prior to the date that the Borrower, by notice to the Lender Parties, designates as the proposed Effective Date, specifying its objection thereto. The Administrative Agent shall promptly notify the Lender Parties of the occurrence of the Effective Date.. 47 41

Appears in 1 contract

Samples: Pledge Agreement (Paxar Corp)

Determinations Under Section 3. 01. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender Party shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lender Parties unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender Party prior to the date that the Borrower, by notice to the Lender Parties, designates as the proposed Restatement Effective Date, specifying its objection thereto. The Administrative Agent shall promptly notify the Lender Parties of the occurrence of the Restatement Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Genuity Inc)

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Determinations Under Section 3. 01. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender Party shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lender Parties unless an officer of the Administrative Documentation Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender Party prior to the date that the Borrower, by notice to the Lender Parties, designates as the proposed Effective Date, specifying its objection thereto. The Administrative Documentation Agent shall promptly notify the Lender Parties of the occurrence of the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Qualcomm Inc/De)

Determinations Under Section 3. 01. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender Party shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lender Parties unless an officer of the Administrative Documentation Agent responsible for the transactions contemplated by this Agreement Loan Documents shall have received notice from such Lender Party prior to the date that the Borrower, by notice to the Lender PartiesLenders, designates as the proposed Effective Date, specifying its objection thereto. The Administrative Paying Agent shall promptly notify the Lender Parties of the occurrence of the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Warnaco Group Inc /De/)

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