CONDITIONS RELATING TO OFFER ADVANCES DURING CERTAIN FUNDS PERIOD Sample Clauses

CONDITIONS RELATING TO OFFER ADVANCES DURING CERTAIN FUNDS PERIOD. To ensure that the Primary Borrower has resources available to advance to Fincx 0 xunds to on-lend to Bidco funds to enable Bidco to fulfil its obligations in respect of the Offer, the Banks agree that, in relation to each Offer Advance requested and to be advanced during the Certain Funds Period, clause 3.2 shall not be applicable and subject to satisfying the requirements of clause 3.1 and to providing the appropriate Drawdown Notice at the appropriate time in accordance with this Agreement, the only further condition to the obligations of the Banks to make such Offer Advance is that at the date of each Drawdown Notice and on each Drawdown Date no Major Default shall have occurred and be continuing or would result from the making of such Offer Advance. It is further confirmed, for the avoidance of doubt, that the commitment in this clause 3.3 operates notwithstanding any contrary provisions of the Finance Documents and that no Bank shall be entitled to rescind this Agreement or to fail to contribute to an Offer Advance where the conditions in clause 3.3 are fulfilled.
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to CONDITIONS RELATING TO OFFER ADVANCES DURING CERTAIN FUNDS PERIOD

  • Conditions relating to Optional Currencies (a) A currency will constitute an Optional Currency in relation to a Loan if:

  • Additional Conditions to Swingline Loans If a Swingline Loan is requested, all conditions set forth in Section 2.4 shall have been satisfied.

  • Additional Conditions to Revolving Loans If a Revolving Loan is requested, all conditions set forth in Section 2.1 shall have been satisfied.

  • Other Provisions Relating to Credit Facilities 24 3.1 Default Rate.....................................................24

  • Conditions Subsequent to the Initial Extension of Credit The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):

  • Conditions to Initial Borrowing The obligation of each Lender to extend credit to the Borrower and of each Issuing Bank to issue Letters of Credit hereunder on the Closing Date is subject only to the satisfaction, or waiver in accordance with Section 11.01, of each of the following conditions precedent, except as otherwise agreed between the Borrower and the Required Lenders:

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make its initial extension of credit provided for hereunder, is subject to the fulfillment, to the satisfaction of Agent and each Lender of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • Conditions to Initial Extension of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • Conditions to Initial Advance Lenders will have no obligation to fund the initial Revolving Loan Advance or any subsequent Revolving Loan Advance unless:

  • Conditions to Subsequent Advances Lenders will have no obligation to fund any Advance after the initial Revolving Loan Advance unless:

Time is Money Join Law Insider Premium to draft better contracts faster.