Common use of Foreign Borrower Clause in Contracts

Foreign Borrower. If the applicable Borrower is a Foreign Borrower, then, solely with respect to the initial Extension of Credit to such Foreign Borrower, the conditions of Section 2.24 to the designation of such Borrower as a Foreign Borrower shall have been met to the reasonable satisfaction of the Administrative Agent. Each request for an Extension of Credit and each acceptance by the Borrower of an Extension of Credit shall be deemed to constitute a representation and warranty by the Borrower as of the date of such Extension of Credit that the conditions in subsections (a) and (b) of this Section have been satisfied or waived in writing. Each request for an extension or conversion of a Loan hereunder shall be deemed to constitute a representation and warranty by the Borrower as of the date of such Loan that the conditions in subsection (b) of this Section has been satisfied or waived in writing.