Conditions Precedent to Credit Extensions Sample Clauses
The "Conditions Precedent to Credit Extensions" clause defines the specific requirements that must be satisfied before a lender is obligated to provide funds or extend credit to a borrower. Typically, these conditions may include the delivery of certain documents, evidence of compliance with covenants, or confirmation that no default has occurred. By establishing clear prerequisites, this clause ensures that the lender is protected and that all necessary legal and financial safeguards are in place before any credit is advanced.
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Conditions Precedent to Credit Extensions. 45 4.01 Conditions of Initial Credit Extension...........................................................45 4.02 Conditions to all Credit Extensions..............................................................46
Conditions Precedent to Credit Extensions. 4.01 Conditions of Initial Credit Extension 4.02 Conditions to all Credit Extensions
Conditions Precedent to Credit Extensions. Section 4.01.
Conditions Precedent to Credit Extensions. 4.01 Conditions to Effectiveness of this Agreement (Execution Date). This Agreement shall be effective upon satisfaction (or waiver in accordance with Section 11.01) of the conditions precedent set forth in this Section 4.01; provided that the obligations of the Lenders to make Credit Extensions hereunder are subject to satisfaction (or waiver in accordance with Section 11.01) of the conditions precedent set forth in Section 4.02 and Section 4.03:
(a) The Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles (followed promptly by originals) unless otherwise specified, each dated the Execution Date (or, in the case of certificates of governmental officials, a recent date before the Execution Date):
(i) executed counterparts of this Agreement, in the number requested by the Administrative Agent;
(ii) the following, each in form and substance satisfactory to the Administrative Agent: a certificate of the secretary or an assistant secretary of the General Partner on behalf of the Parent Guarantor and the Borrower certifying as to the incumbency and genuineness of the signature of each officer of the General Partner executing the Loan Documents and certifying that attached thereto is a true, correct and complete copy of (A) the certificate of limited partnership or formation of such party and all amendments thereto, certified as of a recent date by the appropriate Governmental Authority in its jurisdiction of incorporation or formation, (B) the limited partnership agreement, limited liability company agreement or other governing document of such party as in effect on the Execution Date, and (C) resolutions duly adopted by the board of directors (or other governing body) of such party authorizing and approving the transactions contemplated hereunder and the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party;
(iii) a certificate of a Responsible Officer of the General Partner on behalf of the Parent Guarantor and the Borrower stating that all governmental and regulatory approvals necessary in connection with execution and delivery of this Agreement by the Parent Guarantor and the Borrower shall have been obtained and be in full force and effect or stating that no such approvals are required; and
(iv) certificates evidencing existence and good standing of each Loan Party, issued by the applicable Governmental Authority of the state where each is organized.
(b) The Lend...
Conditions Precedent to Credit Extensions. Section 4.01 [Reserved].
Conditions Precedent to Credit Extensions. Section 4.01 Conditions to the Initial Credit Extension on the Closing Date 119 Section 4.02 Conditions to All Credit Extensions 121
Section 5.01 Existence, Qualification and Power; Compliance with Laws 121 Section 5.02 Authorization; No Contravention 121 Section 5.03 Governmental Authorization; Other Consents 122 Section 5.04 Binding Effect 122 Section 5.05 Financial Statements; No Material Adverse Effect 122 Section 5.06 Litigation 122 Section 5.07 Use of Proceeds 122 Section 5.08 Ownership of Real Property; Liens 123 Section 5.09 Environmental Compliance 123 Section 5.10 Taxes 124 Section 5.11 Employee Benefits Plans 124 Section 5.12 Subsidiaries; Capital Stock 125 Section 5.13 Margin Regulations; Investment Company Act 125 Section 5.14 Disclosure 125 Section 5.15 Compliance with Laws 125 Section 5.16 Intellectual Property 125 Section 5.17 Solvency 126 Section 5.18 Perfection, Etc. 126 Section 5.19 Sanctions; OFAC 126 Section 5.20 Anti-Corruption Laws 126 Section 6.01 Financial Statements 127 Section 6.02 Certificates; Other Information 128 Section 6.03 Notices 130 Section 6.04 Payment of Taxes 130 Section 6.05 Preservation of Existence, Etc. 130 Section 6.06 Maintenance of Properties 131 Section 6.07 Maintenance of Insurance 131 Section 6.08 Compliance with Laws 131 Section 6.09 Books and Records 131 Section 6.10 Inspection Rights 131 Section 6.11 Use of Proceeds 132 Section 6.12 Covenant to Guarantee Obligations and Give Security 132 Section 6.13 Compliance with Environmental Laws 134 Section 6.14 Further Assurances 134 Section 6.15 Maintenance of Ratings 135 Section 6.16 Post-Closing Undertakings 135 Section 6.17 No Change in Line of Business 136 Section 6.18 Transactions with Affiliates 136 Section 6.19 Lender Conference Calls 139
Conditions Precedent to Credit Extensions. Section 4.01 Conditions to Initial Credit Extension 100 Section 4.02 Conditions to All Credit Extensions after the Closing Date 102
Conditions Precedent to Credit Extensions. Section 4.01. All Credit Events After the Closing Date 8285 Section 4.02. First Credit Event 86
Conditions Precedent to Credit Extensions. Section 4.01 Conditions of Initial Credit Extension 96 Section 4.02 Conditions to All Credit Extensions After the Closing Date 100
Conditions Precedent to Credit Extensions. Section 4.01.[Reserved]. 96 Section 4.02.[Reserved]. 96 Section 4.03.Conditions to all Credit Extensions. 96