Conditions Precedent to All Borrowings. The Borrowers may not obtain any Borrowing or convert or renew any Borrowing: (a) if the Agent has not received timely notice of such Borrowing, conversion or renewal; or (b) if a Default has occurred and is continuing. Each notice of Borrowing or of the renewal or conversion of a Borrowing constitutes a certification by the Borrowers that no Default has occurred and is continuing.
Appears in 3 contracts
Sources: Credit Agreement (Cascades Boxboard Group Inc), Credit Agreement (Cascades Boxboard Group Inc), Credit Agreement (AbitibiBowater Inc.)
Conditions Precedent to All Borrowings. The Borrowers may not obtain any Borrowing or convert or renew any Borrowing:
(a) if the Administrative Agent has not received timely notice of such Borrowing, conversion or renewal; or
(b) if a Default has occurred and is continuingcontinuing or would occur after giving effect to such Borrowing, conversion or renewal. Each notice of Borrowing or of the renewal or conversion of a Borrowing constitutes a certification by the Borrowers that no Default has occurred and is continuingcontinuing or would occur after giving effect thereto.
Appears in 3 contracts
Sources: Credit Agreement (Cascades Inc), Credit Agreement (Cascades Inc), Credit Agreement (Cascades Inc)
Conditions Precedent to All Borrowings. The Borrowers Borrower may not obtain any Borrowing or convert or renew any Borrowing:
(a) if the Agent Lender has not received timely notice of such Borrowing, conversion or renewal; or
(b) if a Default has occurred and is continuing. Each notice of Borrowing or of the renewal or conversion of a Borrowing constitutes a certification by the Borrowers Borrower that no Default has occurred and is continuing.
Appears in 1 contract
Sources: Credit Agreement (Neurochem Inc)
Conditions Precedent to All Borrowings. The Borrowers Borrower may not obtain any Borrowing or convert or renew any Borrowing:
(a) if the Agent has not received timely notice of such Borrowing, conversion or renewal; or
(b) if a Default has occurred and is continuing. Each notice of Borrowing or of the renewal or conversion of a Borrowing constitutes a certification by the Borrowers Borrower that no Default has occurred and is continuing.
Appears in 1 contract
Sources: Credit Agreement (Neurochem Inc)
Conditions Precedent to All Borrowings. The Borrowers may not obtain any Borrowing or convert or renew any Borrowing:
(a) if the Agent has not received timely notice of such Borrowing, conversion or renewal; or
(b) if a Default has occurred and is continuingcontinuing or would occur after giving effect to such Borrowing, conversion or renewal. Each notice of Borrowing or of the renewal or conversion of a Borrowing constitutes a certification by the Borrowers that no Default has occurred and is continuingcontinuing or would occur after giving effect thereto.
Appears in 1 contract
Sources: Credit Agreement (Cascades Inc)