Common use of Determinations Under Section 3 Clause in Contracts

Determinations Under Section 3. 1 and 3.2. For purposes of determining compliance with the conditions specified in Section 3.1 or Section 3.2, 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 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 or Closing Date, as applicable, specifying its objection thereto. The Administrative Agent shall promptly notify the Lenders of the occurrence of the Effective Date and the Closing Date.

Appears in 3 contracts

Samples: 364 Day Bridge Loan Agreement, Day Bridge Loan Agreement (Marsh & McLennan Companies, Inc.), Assignment and Assumption

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Determinations Under Section 3. 1 and 3.201. For purposes of determining compliance with the conditions specified in Section 3.1 3.01 or Section 3.23.05, 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 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 or Closing Date, as applicablethe effective date of Sections 2.01 and 2.02, specifying its objection thereto. The Administrative Agent shall promptly notify the Lenders of the occurrence of the Effective Date and of the Closing Dateeffective date of Sections 2.01 and 2.02.

Appears in 1 contract

Samples: Credit Agreement (Olin Corp)

Determinations Under Section 3. 1 and 3.201 . For purposes of determining compliance with the conditions specified in Section 3.1 or Section 3.23.01, 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 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 or Closing Date, as applicable, specifying its such Lender's objection thereto. The Administrative Agent shall promptly notify the Lenders and the Borrower in writing of the occurrence of the Effective Date and the Closing Date.

Appears in 1 contract

Samples: Term Loan Agreement (PPG Industries Inc)

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Determinations Under Section 3. 1 and 3.201. For purposes of determining compliance with the conditions specified in Section 3.1 or Section 3.23.01, each Lender shall be SIDLEY XXXXXX XXXXX & XXXX LLP 26 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 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 or Closing Date, as applicable, specifying its objection thereto. The Administrative Agent shall promptly notify the Lenders of the occurrence of the Effective Date and the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Detroit Edison Co)

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