Conditions Precedent to Borrowing. The obligation of each Bank to make the Loans is subject, at the time of making the Loans (except as hereinafter indicated), to the satisfaction of the following conditions, and the acceptance of the benefits of the Loans shall constitute a representation and warranty by the Obligors to the Administrative Agent and each of the Banks that all the conditions specified in this Article VI and applicable to the Loans are satisfied as of that time:
Appears in 2 contracts
Sources: Senior Export and Working Capital Facility Agreement (Gerdau Ameristeel Corp), Credit Agreement (Gerdau Ameristeel Corp)
Conditions Precedent to Borrowing. The obligation of each Bank to make the Loans is subject, at the time of making the Loans (except as hereinafter indicated), to the satisfaction of the following conditions, and the acceptance of the benefits of the Loans shall constitute a representation and warranty by the Obligors to the Administrative Agent Gerdau Export and each of the Banks that all the conditions specified in this Article VI and applicable to the Loans are satisfied as of that time:Working Capital Agreement
Appears in 1 contract
Sources: Senior Export and Working Capital Facility Agreement
Conditions Precedent to Borrowing. The obligation of each Original Bank to make the Loans is on the Borrowing Date was subject, at the time of making the Loans (except as hereinafter indicated), to the satisfaction of the following conditions, and the acceptance of the benefits of the Loans shall constitute a representation and warranty by the Obligors to the Administrative Agent and each of the Original Banks that all the conditions specified in this Article VI and applicable to the Loans are were satisfied as of that time:
Appears in 1 contract
Sources: Senior Export and Working Capital Facility Agreement (Gerdau Ameristeel Corp)