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 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 Lenders unless an officer of the Funding Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Funding Agent shall promptly notify the Lenders and the Borrower of the occurrence of the Effective Date.

Appears in 2 contracts

Samples: Year Credit Agreement (Amvescap PLC/London/), Day Credit Agreement (Amvescap PLC/London/)

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Determinations Under Section 3. 01. For purposes of --------------------------------- determining compliance with the conditions specified in Section 3.01, each Lender 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 Lenders unless an officer of the Funding Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Funding Agent shall promptly notify the Lenders and Lenders, with a copy to the Borrower Borrower, of the occurrence of the Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (Rayonier Inc), Day Credit Agreement (Rayonier Inc)

Determinations Under Section 3. 01. For purposes of --------------------------------- ------------------------------------------------ determining compliance with the conditions specified in Section 3.01, each Lender 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 Lenders unless an officer of the Funding Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Funding Agent shall promptly notify the Lenders and the Borrower of the occurrence of the Effective Date.

Appears in 1 contract

Samples: Day Credit Agreement (Agilent Technologies Inc)

Determinations Under Section 3. 01. For purposes of --------------------------------- determining compliance with the conditions specified in Section 3.01, each Lender 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 Lenders unless an officer of the Funding Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that proposed Effective Date, as notified by the Borrower, by notice Borrower to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Funding Administrative Agent shall promptly notify the Lenders Borrower and the Borrower other Lenders of the occurrence of any such objection. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (United Parcel Service of America Inc)

Determinations Under Section 3. 01. For purposes of --------------------------------- determining compliance with the conditions specified in Section 3.01, each Lender 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 Lenders unless an officer of the Funding Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Dateeffective date of Sections 2.01 and 2.02, specifying its objection thereto. The Funding Agent shall promptly notify the Lenders and the Borrower of the occurrence of the Effective Dateeffective date of Sections 2.01 and 2.02.

Appears in 1 contract

Samples: Credit Agreement (Olin 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 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 Lenders unless an officer of the Funding Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Funding Administrative Agent shall promptly notify the Lenders Agents and the Borrower Lenders of the occurrence of the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (360 Communications Co)

Determinations Under Section 3. 01. For purposes of --------------------------------- determining compliance with the conditions specified in Section 3.01, each Lender 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 Lenders unless an officer of the Funding Administrative Agent responsible for the transactions contemplated by this Agreement the Loan Documents shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, Restatement Date specifying its objection thereto. The Funding thereto and such Lender shall not have made available to the Administrative Agent shall promptly notify the Lenders and the Borrower such Lender's purchase price of the occurrence of the Effective DateAdvances to be acquired by it pursuant to Section 2.01(a).

Appears in 1 contract

Samples: Credit Agreement (Terra Industries Inc)

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