Common use of Conditions for Drawdowns Clause in Contracts

Conditions for Drawdowns. For each Drawdown hereunder the following conditions shall be satisfied as conditions precedent to the making of such Drawdown: (a) the Agent shall have received a proper and timely Drawdown Notice from the Borrower requesting the Drawdown; (b) the representations and warranties set forth in Section 8.1 shall be true and accurate in all material respects on and as of the date of the requested Drawdown other than any such representations and warranties which expressly speak as of an earlier date; (c) no Default or Event of Default shall have occurred and be continuing nor shall any Default or Event of Default result from or exist immediately after the requested Drawdown; and (d) after giving effect to the proposed Drawdown, the Outstanding Principal of all Loans outstanding under the Credit Facility shall not exceed the maximum principal amount of the Credit Facility.

Conditions for Drawdowns. For On or before each Drawdown hereunder the following conditions shall be satisfied as conditions precedent to the making of such Drawdownsatisfied: (a) the Agent shall have received a proper and timely Drawdown Notice from the Borrower requesting the Drawdown; (b) the representations and warranties set forth in Section 8.1 9.1 shall be true and accurate in all material respects on and as of the date of the requested Drawdown other than any such representations and warranties which expressly speak as of an earlier dateDrawdown; (c) no Default or Event of Default shall have occurred and be continuing nor shall any the Drawdown result in the occurrence of a Default or Event of Default result from or exist immediately after the requested Drawdown; andDefault; (d) after giving effect to the proposed Drawdown, the Outstanding Principal of all Loans outstanding under the relevant Credit Facility shall not exceed the maximum principal amount of the such Credit Facility; and (e) a Borrowing Base Shortfall shall not exist (or exist after giving effect to the proposed Drawdown) and, after giving effect to the proposed Drawdown, the Outstanding Principal of all Loans shall not exceed the Borrowing Base then in effect.

Conditions for Drawdowns. For On or before each Drawdown hereunder the following conditions shall be satisfied as conditions precedent to the making of such Drawdownsatisfied: (a) the Agent or the Operating Lender, as applicable, shall have received a proper and timely Drawdown Notice from the Borrower requesting the Drawdown; (b) the representations and warranties set forth in Section 8.1 9.1 shall be true and accurate in all material respects on and as of the date of the requested Drawdown other than any such representations and warranties which expressly speak as of an earlier dateDrawdown; (c) no Default or Event of Default shall have occurred and be continuing nor shall any the Drawdown result in the occurrence of a Default or Event of Default result from or Default; (d) No Material Adverse Change shall have occurred; (e) a Borrowing Base Shortfall shall not exist immediately and, after giving effect to the requested proposed Drawdown, the Outstanding Principal of all Loans shall not exceed the Borrowing Base then in effect; and (df) after giving effect to the proposed Drawdown, the Outstanding Principal of all Loans outstanding under the relevant Credit Facility shall not exceed the maximum principal amount of the such Credit Facility.