Common use of ▇▇▇▇ Event Clause in Contracts

▇▇▇▇ Event. Each of the parties hereto acknowledges and agrees that, if there are any Mortgaged Properties, any increase, extension or renewal of any of the Commitments or Loans (including the provision of Incremental Facilities or any other incremental credit facilities hereunder, but excluding (i) any continuation or conversion of borrowings, (ii) the making of any Revolving Credit Loans or (iii) the issuance, renewal or extension of Letters of Credit) shall be subject to (and conditioned upon): with respect to any Mortgaged Property, the prior delivery of all flood hazard determination certifications, and with respect to the Headquarters and Manufacturing Property, if applicable, acknowledgements, evidence of flood insurance and other flood-related documentation as required by Flood Insurance Laws and as otherwise reasonably required by the Lenders.

Appears in 3 contracts

Sources: Credit Agreement (Holley Inc.), Credit Agreement (Holley Inc.), Credit Agreement (Holley Inc.)