Common use of Automatic Warranty and Representation and Reaffirmation of Warranties and Representations Clause in Contracts

Automatic Warranty and Representation and Reaffirmation of Warranties and Representations. Each request for an advance made by Borrower pursuant to this Agreement or the Ancillary Agreements shall constitute (i) an automatic warranty and representation by Borrower to Lender that there does not then exist a Default or an Event of Default and (ii) a reaffirmation as of the date of said request of all of the warranties and representations of Borrower contained in this Agreement and in the Ancillary Agreements.

Appears in 4 contracts

Samples: Loan and Security Agreement (Diana Corp), Purchase of Accounts and Security Agreement (Bam Entertainment Inc), Loan and Security Agreement (Diana Corp)

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Automatic Warranty and Representation and Reaffirmation of Warranties and Representations. Each request for an advance a Loan made by Borrower Borrowers pursuant to this Agreement or the Ancillary Agreements shall constitute (i) an automatic warranty and representation by Borrower Borrowers to Administrative Agent and each Lender that there does not then exist a Default or an Event of Default and (ii) a reaffirmation as of the date of said such request of all of the warranties and representations of each Borrower contained in this Agreement and in the Ancillary Agreements.

Appears in 1 contract

Samples: Revolving Credit Agreement (Information Resources Inc)

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Automatic Warranty and Representation and Reaffirmation of Warranties and Representations. Each request for an advance made by Borrower pursuant to this Agreement or the Ancillary Agreements shall constitute (i) an automatic warranty and representation by Borrower to Lender that there does not then exist a Default or an Event of Default and (ii) a reaffirmation as of the date of said request of all of the warranties and representations of Borrower contained in this Agreement and in the Ancillary Agreements.. 9.5

Appears in 1 contract

Samples: Loan and Security Agreement (3-D Geophysical Inc)

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