Common use of Determinations Under Section 3 Clause in Contracts

Determinations Under Section 3. 01. For purposes of --------------------------------- determining compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Agent shall promptly notify the Lenders, with a copy to the Borrower, of the occurrence of the Effective Date.

Appears in 2 contracts

Samples: Day Credit Agreement (Rayonier Inc), Credit Agreement (Rayonier Inc)

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Determinations Under Section 3. 01. For purposes of --------------------------------- determining compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Funding Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Date, specifying its objection thereto. The Funding Agent shall promptly notify the Lenders, with a copy to Lenders and the Borrower, Borrower of the occurrence of the Effective Date.

Appears in 2 contracts

Samples: Day Credit Agreement (Amvescap PLC/London/), Year Credit Agreement (Amvescap PLC/London/)

Determinations Under Section 3. 01. For purposes of --------------------------------- determining compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Borrower, by notice to the Lenders, designates as the proposed Effective Dateeffective date of Sections 2.01 and 2.02, specifying its objection thereto. The Agent shall promptly notify the Lenders, with a copy to the Borrower, Lenders of the occurrence of the Effective Dateeffective date of Sections 2.01 and 2.02.

Appears in 1 contract

Samples: Credit Agreement (Olin Corp)

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Determinations Under Section 3. 01. For --------------------------------- purposes of --------------------------------- determining compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that proposed Closing Date (as notified by the Borrower, by notice Company or the Administrative Agent to the Lenders, designates as the proposed Effective Date, ) specifying its objection thereto. The Administrative Agent shall promptly notify the Lenders, with a copy to the Borrower, Lenders of the occurrence of the Effective Closing Date.. 364-DAY CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Solutia Inc)

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