Common use of Effect of Draw Request Clause in Contracts

Effect of Draw Request. Each Draw Request submitted to the Lender as provided in ss.3.1 hereof shall constitute an affirmation that the representations and warranties contained in this Agreement and in the other Loan Documents remain true and correct as of the date thereof; and unless the Lender is notified to the contrary, in writing, prior to the Drawdown Date of the requested Advance or any portion thereof, shall constitute an affirmation that the same remain true and correct on the Drawdown Date.

Effect of Draw Request. Each Draw Request submitted to the Lender as provided in ss.3.1 SECTION 3.1 hereof shall constitute an affirmation that the representations and warranties contained in SECTION 8 of this Agreement and in the other Loan Documents remain true and correct as of the date thereof; and unless the Lender is notified to the contrary, in writing, prior to the Drawdown Date of the requested Advance or any portion thereof, shall constitute an affirmation that the same remain true and correct on the Drawdown Date.

Effect of Draw Request. Each Draw Request submitted to the Lender as provided in ss.3.1 Section 2.2 hereof shall constitute an affirmation that the representations and warranties contained in this Agreement and in the other Loan Documents remain true and correct as of the date thereof; and unless the Lender is notified to the contrary, in writing, prior to the Drawdown Date of the requested Advance or any portion thereof, shall constitute an affirmation that the same remain true and correct on the Drawdown Date.