Determinations Under Section 3.01 and 3. For purposes of determining compliance with the conditions specified in Sections 3.01 and 3.02, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the Initial Borrowing (in the case of Section 3.01) or the applicable Borrowing (in the case of Section 3.02) specifying its objection thereto and such Lender shall not have made available to the Administrative Agent such Lender’s ratable portion of such Borrowing.
Appears in 2 contracts
Sources: Term Loan Agreement (Hersha Hospitality Trust), Term Loan Agreement (Hersha Hospitality Trust)
Determinations Under Section 3.01 and 3. 02. For purposes of determining compliance with the conditions specified in Sections Section 3.01 and or Section 3.02, as applicable,, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received written notice from such Lender prior to the Initial Borrowing (in the case of Section 3.01) or the applicable Borrowing (in the case of Section 3.02) Closing Date specifying its objection thereto and and, such Lender shall not have made available to the Administrative Agent such Lender’s ratable portion of such Borrowing.
Appears in 1 contract
Sources: Senior Secured Debtor in Possession Credit Agreement (TLC Vision Corp)
Determinations Under Section 3.01 and 3. For purposes of determining compliance with the conditions specified in Sections Section 3.01 and 3.02, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the Initial Borrowing (in date of the case of Section 3.01) or the applicable Borrowing (in the case of Section 3.02) Second Restatement Effective Date specifying its objection thereto thereto, and such Lender shall not have made available to the Administrative Agent such Lender’s ratable portion of such the Borrowing.
Appears in 1 contract
Sources: Credit and Security Agreement (Grupo Imsa Sa De Cv)