Common use of Certificate of Exemption Clause in Contracts

Certificate of Exemption. Notwithstanding any provision herein contained to the contrary, each Certifying Lender, as applicable, shall not be required to deliver a Certificate of Exemption pursuant to this Section 1.15(e) after the time such Lender has become a Lender hereunder if such Lender is not legally able to deliver such Certificate of Exemption due solely to a change in applicable law occurring after the time such Lender has become a Lender hereunder.

Appears in 2 contracts

Sources: Credit Agreement (Kmart Holding Corp), Credit Agreement (Kmart Holding Corp)

Certificate of Exemption. Notwithstanding any provision herein contained to the contrary, each Certifying Lender, as applicable, shall not be required to deliver a Certificate of Exemption pursuant to this Section 1.15(e1.15(d) after the time such Lender has become a Lender hereunder if such Lender is not legally able to deliver such Certificate of Exemption due solely to a change in applicable law occurring after the time such Lender has become a Lender hereunder.

Appears in 1 contract

Sources: Credit Agreement (Budget Group Inc)