Conditions to Each Borrowing definition

Conditions to Each Borrowing. Subject to the second sentence under "Conditions" in the Commitment Letter, conditions precedent to each borrowing or issuance under the Bank Facilities will be (1) the absence of any continuing default or event of default, (2) the accuracy of all representations and warranties, (3) receipt of a customary borrowing notice or letter of credit request, as applicable, and (4) there being no legal bar to the lenders making the loan or the issuance.

Examples of Conditions to Each Borrowing in a sentence

  • Conditions to Each Borrowing: Customary in facilities of this nature, including but not limited to: 1.

  • CONDITIONS TO AMENDMENT AND RESTATEMENT AND REVOLVING LOANS 73 Section 3.1. Conditions Precedent to Effectiveness 73 Section 3.2. Additional Conditions to Each Borrowing 74 CONFIDENTIAL TREATMENT REQUESTED BY CINEDIGM CORP.

  • CONDITIONS TO INITIAL The obligations of the Lender to make the initial BORROWING: borrowing under the Facility shall be subject to the following conditions (in addition to the "Conditions to Each Borrowing" set forth below): 1.

  • Conditions to Each Borrowing 41 ARTICLE V AFFIRMATIVE COVENANTS 41 Section 5.01.

  • Conditions to Each Borrowing: Each borrowing under the Facility will be subject to satisfaction of the following conditions: 1.

  • DISBURSEMENT 18 3.1 Initial Disbursement 18 3.2 Closing Deliveries 18 3.3 Conditions to Each Borrowing Tranche 20 4.

  • Conditions to Initial Borrowing: The obligations of the Lender to make the initial borrowing under the Facility shall be subject to the following conditions (in addition to the "Conditions to Each Borrowing" set forth below): 1.

  • Conditions to Each Borrowing and each Letter of Credit..................................................44 SECTION 7.3.

  • Conditions to Each Borrowing 36 ARTICLE V AFFIRMATIVE COVENANTS 36 Section 5.01.

  • Conditions to the First Borrowing that Results in Outstanding Loans Exceeding $25,000,000: The obligations of the Lender to make the initial borrowing under the Facility that results in there being outstanding loans in an aggregate principal amount exceeding $25,000,000 shall be subject to the following conditions (in addition to the "Conditions to Each Borrowing" set forth below): 1.

Related to Conditions to Each Borrowing