Common use of Initial Funding Date Clause in Contracts

Initial Funding Date. Solely in respect of the Initial Funding Date, (i) [Reserved]; (ii) the Administrative Agent shall have received an Officer’s Certificate of each Loan Party, dated as of the Initial Funding Date, certifying that each of the conditions set forth in thisSection4.02have been satisfied(other than with respect to whether any document, event or circumstance is satisfactory or otherwise acceptable to the Administrative Agent or any Lender or Agent); (iii) the Administrative Agentand each Lendershall have received the Funds Flow Memorandum; (iv) the Administrative Agentand each Lendershall have received an unaudited consolidated pro forma balance sheet of Borrower, dated as of the Initial Funding Date; (v) eachLendershall have received a solvency certificate of the chief financial officer or president of Borrower, demonstrating that the Loan Parties are, on a consolidated basis, and after giving effect to the incurrence of all Indebtedness, will be, Solvent.

Appears in 1 contract

Sources: Credit Agreement (Global Clean Energy Holdings, Inc.)

Initial Funding Date. Solely in respect of the Initial Funding Date, (i) [Reserved]; (ii) the Administrative Agent shall have received an Officer’s Certificate of each Loan Party, dated as of the Initial Funding Date, certifying that each of the conditions set forth in thisSection4.02have this Section 4.02 have been satisfied(other satisfied (other than with respect to whether any document, event or circumstance is satisfactory or otherwise acceptable to the Administrative Agent or any Lender or Agent); (iii) the Administrative Agentand Agent and each Lendershall Lender shall have received the Funds Flow Memorandum; (iv) the Administrative Agentand Agent and each Lendershall Lender shall have received an unaudited consolidated pro forma balance sheet of Borrower, dated as of the Initial Funding Date; (v) eachLendershall each Lender shall have received a solvency certificate of the chief financial officer or president of Borrower, demonstrating that the Loan Parties are, on a consolidated basis, and after giving effect to the incurrence of all Indebtedness, will be, Solvent.

Appears in 1 contract

Sources: Credit Agreement (Global Clean Energy Holdings, Inc.)