Common use of Requests for Offers Clause in Contracts

Requests for Offers. From time to time after the Closing Date and prior to the Commitment Termination Date the Borrower may request any or all of the Banks to make offers to make Alternative Currency Advances to the Borrower. Each Bank may, but shall have no obligation to, make such offers on terms and conditions as are satisfactory to such Bank, and the Borrower may, but shall have no obligation to, accept any such offers. Each Alternative Currency Advance shall be subject to the conditions of clauses (c) through (e), inclusive, of Section 3.02 and to such other conditions as are agreed upon by the Borrower and the Bank making such Alternative Currency Advance, and the making of any Alternative Currency Advance shall be deemed to be a representation and warranty by the Borrower on the date thereof as to the facts specified in such clauses (c) through (e)

Appears in 1 contract

Sources: Credit and Reimbursement Agreement (Usf&g Corp)

Requests for Offers. From time to time after the Closing Date and prior to the Commitment Termination Date the Borrower may request any or all of the Banks to make offers to make Alternative Currency Advances to the Borrower. Each Bank may, but shall have no obligation to, make such offers on terms and conditions as are satisfactory to such Bank, and the Borrower may, but shall have no obligation to, accept any such offers. Each Alternative Currency Advance shall be subject to the conditions of clauses (c) through (e), inclusive, of Section 3.02 and to such other conditions as are agreed upon by the Borrower and the Bank making such Alternative Currency Advance, and the making of any Alternative Currency Advance shall be deemed to be a representation and warranty by the Borrower on the date thereof as to the facts specified in such clauses (c) through (e), inclusive.

Appears in 1 contract

Sources: Credit and Reimbursement Agreement (Usf&g Corp)