Common use of Each Commitment Extension Clause in Contracts

Each Commitment Extension. The Commitments shall not be extended in accordance with Section 2.22 unless on the applicable Anniversary Date: (a) No Default or Unmatured Default shall have occurred and be continuing and none would result from such Commitments. (b) The representations and warranties contained in Article V are true and correct (in all respects to the extent qualified by “material” or “material adverse effect” and in all material respects to the extent not so qualified) as of such Anniversary Date, both immediately before and immediately after giving effect to such extension of the Facility Termination Date (or, to the extent that any such representation and warranty specifically refers to an earlier date, as of such earlier date). Each request for an extension of the Facility Termination Date shall constitute a representation and warranty by the Borrower Representative that the applicable conditions contained in Section 4.5 shall be satisfied (or waived).

Appears in 6 contracts

Sources: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)

Each Commitment Extension. The Commitments shall not be extended in accordance with Section 2.22 unless on the applicable Anniversary Date: (a) No Default or Unmatured Default shall have occurred and be continuing and none would result from such Commitments. (b) The representations and warranties contained in Article V are true and correct (in all respects to the extent qualified by “material” or “material adverse effect” and in all material respects to the extent not so qualified) as of such Anniversary Date, both immediately before and immediately after giving effect to such extension of the Facility Termination Date (or, to the extent that any such representation and warranty specifically refers to an earlier date, as of such earlier date). Each request for an extension of the Facility Termination Date shall constitute a representation and warranty by the Borrower Representative that the applicable conditions contained in Section 4.5 shall be satisfied (or waived).. ARTICLE V

Appears in 3 contracts

Sources: Credit Agreement (Aon PLC), Credit Agreement (Aon PLC), Credit Agreement (Aon PLC)

Each Commitment Extension. The Commitments shall not be extended in accordance with Section 2.22 unless on the applicable Anniversary Date: (a) No There exists noNo Default or Unmatured Default shall have occurred and be continuing and none would result from such Commitments. (b) The representations and warranties contained in Article V are true and correct (in all respects to the extent qualified by “material” or “material adverse effect” and in all material respects to the extent not so qualified) as of such Anniversary Date, both immediately before and immediately after giving effect to such extension of the Facility Termination Date (or, to the extent that any such representation and warranty specifically refers to an earlier date, as of such earlier date). Each request for an extension of the Facility Termination Date shall constitute a representation and warranty by the Borrower Representative that the applicable conditions contained in Section 4.5 shall be satisfied (or waived).

Appears in 1 contract

Sources: Five Year Credit Agreement (Aon PLC)

Each Commitment Extension. The Commitments shall not be extended in accordance with Section 2.22 unless on the applicable Anniversary Date: (a) No There exists no Default or Unmatured Default shall have occurred and be continuing and none would result from such Commitments. (b) The representations and warranties contained in Article V are true and correct (in all respects to the extent qualified by “material” or “material adverse effect” and in all material respects to the extent not so qualified) as of such Anniversary Date, both immediately before and immediately after giving effect to such extension of the Facility Termination Date (or, to the extent that any such representation and warranty specifically refers to an earlier date, as of such earlier date). Each request for an extension of the Facility Termination Date shall constitute a representation and warranty by the Borrower ParentBorrower Representative that the applicable conditions contained in Section 4.5 shall be satisfied (or waived).

Appears in 1 contract

Sources: Five Year Credit Agreement (Aon PLC)

Each Commitment Extension. The Commitments shall not be extended in accordance with Section 2.22 unless on the applicable Anniversary Date: (a) No There exists no Default or Unmatured Default shall have occurred and be continuing and none would result from such Commitments. (b) The representations and warranties contained in Article V are true and correct (in all respects to the extent qualified by “material” or “material adverse effect” and in all material respects to the extent not so qualified) as of such Anniversary Date, both immediately before and immediately after giving effect to such extension of the Facility Termination Date (or, to the extent that any such representation and warranty specifically refers to an earlier date, as of such earlier date). Each request for an extension of the Facility Termination Date shall constitute a representation and warranty by the Borrower Representative Parent that the applicable conditions contained in Section 4.5 shall be satisfied (or waived).

Appears in 1 contract

Sources: Credit Agreement (Aon PLC)

Each Commitment Extension. The Commitments shall not be extended in accordance with Section 2.22 unless on the applicable Anniversary Date: (a) No There exists no Default or Unmatured Default shall have occurred and be continuing and none would result from such Commitments. (b) The representations and warranties contained in Article V are true and correct (in all respects to the extent qualified by “material” or “material adverse effect” and in all material respects to the extent not so qualified) as of such Anniversary Date, both immediately before and immediately after giving effect to such extension of the Facility Termination Date (or, to the extent that any such representation and warranty specifically refers to an earlier date, as of such earlier date). Each request for an extension of the Facility Termination Date shall constitute a representation and warranty by the Borrower Representative Parent that the applicable conditions contained in Section 4.5 shall be satisfied (or waived)have been satisfied.

Appears in 1 contract

Sources: Credit Agreement (Aon PLC)

Each Commitment Extension. The Commitments shall not be extended in accordance with Section 2.22 unless on the applicable Anniversary Date: (a) No There exists no Default or Unmatured Default shall have occurred and be continuing and none would result from such Commitments. (b) The representations and warranties contained in Article V are true and correct (in all respects to the extent qualified by “material” or “material adverse effect” and in all material respects to the extent not so qualified) as of such Anniversary Date, both immediately before and immediately after giving effect to such extension of the Facility Termination Date (or, to the extent that any such representation and warranty specifically refers to an earlier date, as of such earlier date). Each request for an extension of the Facility Termination Date shall constitute a representation and warranty by the Borrower ParentBorrower Representative that the applicable conditions contained in Section 4.5 shall have beenshall be satisfied (or waived).

Appears in 1 contract

Sources: Five Year Credit Agreement (Aon PLC)