Common use of Conditions to All Credit Extensions after the Closing Date Clause in Contracts

Conditions to All Credit Extensions after the Closing Date. The obligation of each Lender to honor any Request for Credit Extension after the Closing Date is subject to the satisfaction (or waiver in accordance with Section 11.01) of the following conditions precedent: (a) The representations and warranties of the Borrower and each other Credit Party contained in Article 6 or any other Credit Document shall be true and correct in all material respects on and as of the date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date; provided, however, that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates, and except that for purposes of this Section 5.02, the representations and warranties contained in subsections (a) and (b) of Section 6.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 7.01.

Conditions to All Credit Extensions after the Closing Date. The obligation of each Lender to honor any Request for Credit Extension after (other than in connection with a Credit Extension to be made on the Closing Date Date) is subject to the satisfaction (or waiver in accordance with Section 11.01) of the following conditions precedent: : (a) The representations and warranties of the Borrower and each other Credit Party contained in Article 6 5 or any other Credit Loan Document shall be true and correct in all material respects (and in all respects if qualified by materiality) on and as of the date of such Credit Extension, except (i) to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (and in all respects if qualified by materiality) as of such earlier date; provided, however, that any representation date and warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification thereinii) in all respects on such respective dates, and except that for purposes of this Section 5.024.02, the representations and warranties contained in subsections (aSection 5.05(a) and (b) of Section 6.05 shall be deemed to refer to the most recent financial statements furnished prior to the Closing Date or pursuant to clauses (aSection 6.01(a) and Section 6.01(b). (b)) No Default shall exist, respectively, or would result from such proposed Credit Extension or from the application of Section 7.01the proceeds therefrom.