Common use of Determinations Under Sections 4.01 and 4 Clause in Contracts

Determinations Under Sections 4.01 and 4. 02. For purposes of determining compliance with the conditions specified in Sections 4.01 and 4.02, 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 reasonably acceptable or reasonably satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received written notice from such Lender prior to, with respect to conditions specified in Section 4.01, the Effective Date, and with respect to conditions specified in Section 4.02, the Closing Date, specifying its objection thereto. The Administrative Agent (or its counsel) shall promptly notify the Lenders and the Borrower in writing of the occurrence of each of the Effective Date and the Closing Date and each such notification shall be conclusive and binding. During the Certain Funds Period and notwithstanding anything set forth in this Agreement, the Loan Documents or otherwise to the contrary (including whether any condition to the occurrence of the Effective Date may subsequently be determined not to have been satisfied or that any representation given as a condition thereof or otherwise was incorrect or any failure by the Borrower to comply with the Major Covenants prior to the funding of the Loans on the Closing Date), except in circumstances where, pursuant to Section 4.02, a Lender is not obligated to make an Initial Loan, neither the Administrative Agent nor any Lender shall be entitled to: