Common use of Conditions Precedent to all Drawdowns Clause in Contracts

Conditions Precedent to all Drawdowns. The obligations of the Lenders to advance any Drawdown of the Facility shall, in addition to any other requirements of this Agreement, be subject to the following conditions precedent: (a) the Agent shall have received, if applicable, a proper and timely Drawdown Notice; (b) there shall not have occurred and be continuing any event which constitutes or (other than in the case of a Conversion or Rollover, provided, that in the case of a Conversion or Rollover into a Bankers' Acceptance Drawdown or Libor Drawdown, the maturity date or period shall not extend beyond the earliest date upon which such event would constitute an Event of Default) would constitute, with the giving of notice, the passing of time, or both, an Event of Default; (c) each of the representations and warranties made in subsections 7.1(a), (c), (d), (e), (g), (p) and (q) shall be true and correct (and the acceptance by the Borrower of such Drawdown shall be deemed to constitute a further representation and warranty by the Borrower that such statements are true and correct) as if given on, and with effect as of, the Drawdown Date other than with respect to a Conversion or Roll-over; and (d) such other documentation as the Agent may reasonably request in respect of any Letter of Credit.

Conditions Precedent to all Drawdowns. The obligations of the Lenders to advance any Drawdown of the Facility shall, in addition to any other requirements of this Agreement, be subject to the following conditions precedent: (a) the Agent shall have received, if applicable, a proper and timely Drawdown Notice; (b) there shall not have occurred and be continuing any event which constitutes or (other than in the case of a Conversion or Rollover, provided, that in the case of a Conversion or Rollover into a Bankers' Acceptance Drawdown or Libor Drawdown, the maturity date or period shall not extend beyond the earliest date upon which such event would constitute an Event of Default) would constitute, with the giving of notice, the passing of time, or both, an Event of Default; (c) each of the representations and warranties made in subsections 7.1(a), (c), (d), (e), (g), (p) and (qp) shall be true and correct (and the acceptance by the Borrower of such Drawdown shall be deemed to constitute a further representation and warranty by the Borrower that such statements are true and correct) as if given on, and with effect as of, the Drawdown Date other than with respect to a Conversion or Roll-over; and (d) such other documentation as the Agent may reasonably request in respect of any Letter of Credit.