Incremental Loan Commitment Sample Clauses

Incremental Loan Commitment. The obligations of any Incremental Term Lenders to make Incremental Loans pursuant to Section 2.04 shall not become effective until the date on which each of the following conditions shall be satisfied (or waived in accordance with Section 10.02): (a) The Administrative Agent shall have received a Borrowing Request in accordance with Section 2.03. (b) The representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct (i) in the case of the representations and warranties qualified as to materiality, in all respects and (ii) otherwise, in all material respects, in each case on and as of the date of such Borrowing, except in the case of any such representation and warranty that expressly relates to a prior date, in which case such representation and warranty shall be so true and correct on and as of such prior date. (c) At the time of and immediately after giving effect to such Borrowing, no Default or Event of Default shall have occurred and be continuing. (d) The Administrative Agent shall have received (with sufficient copies for each of the Incremental Term Lenders) customary legal opinions, board resolutions and other closing certificates reasonably requested by the Administrative Agent and consistent with those delivered on the Closing Date under Section 4.01.