Common use of Compliance with Representations, Warranties and Covenants Clause in Contracts

Compliance with Representations, Warranties and Covenants. All of the representations and warranties set forth in Section 5 shall be true, correct and complete as of the Closing Date, and Borrower shall be in compliance with each of the covenants set forth in Section 6 as of the Closing Date. No event shall have occurred or condition shall exist or information shall have been disclosed by Borrower or discovered by Lender which has had or would be reasonably likely to have a Material Adverse Effect on the Premises, any of the Borrower Parties or Lender’s willingness to consummate the transaction contemplated by this Agreement, as determined by Lender in its sole and absolute discretion.

Appears in 7 contracts

Samples: Loan Agreement (Summit Hotel OP, LP), Loan Agreement (Summit Hotel OP, LP), Loan Agreement (Summit Hotel OP, LP)

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Compliance with Representations, Warranties and Covenants. All of the representations and warranties set forth in Section 5 shall be true, correct and complete as of the Closing Date, and Borrower shall be in compliance with each of the covenants set forth in Section 6 as of the Closing Date. No event shall have occurred or condition shall exist or information shall have been disclosed by Borrower or discovered by Lender which has had or would be reasonably likely to have a Material Adverse Effect material adverse effect on the Premises, any of the Borrower Parties or Lender’s 's willingness to consummate the transaction contemplated by this Agreement, as determined by Lender in its sole and absolute discretion.

Appears in 4 contracts

Samples: Loan Agreement (Eaco Corp), Loan Agreement (Kona Grill Inc), Loan Agreement (Family Steak Houses of Florida Inc)

Compliance with Representations, Warranties and Covenants. All of the representations and warranties set forth in Section 5 shall be true, correct and complete as of the Closing Date, and Borrower shall be in compliance with each of the covenants set forth in Section 6 as of the Closing Date. No event shall have occurred or condition shall exist or information shall have been disclosed by Borrower or discovered by Lender which has had or would be reasonably likely to have a Material Adverse Effect material adverse effect on the Premises, any of the Borrower Parties or Lender’s willingness to consummate the transaction contemplated by this Agreement, as determined by Lender in its sole and absolute discretion.

Appears in 3 contracts

Samples: Loan Agreement (Jameson Inns Inc), Deed of Trust (Jameson Inns Inc), Loan Agreement (Jameson Inns Inc)

Compliance with Representations, Warranties and Covenants. All of the representations and warranties set forth in Section 5 shall be true, correct and complete as of the Closing Date, and Borrower shall be in compliance with each of the covenants set forth in Section 6 as of the Closing Date. No event shall have occurred or condition shall exist or information shall have been disclosed by Borrower or discovered by Lender which has had or would be reasonably likely to have a Material Adverse Effect on the Premises, any of the Borrower Parties or Lessee Parties or Lender’s willingness to consummate the transaction contemplated by this Agreement, as determined by Lender in its sole and absolute discretion.

Appears in 1 contract

Samples: Loan Agreement (Friendly Ice Cream Corp)

Compliance with Representations, Warranties and Covenants. All of the representations and warranties set forth in Section 5 shall be true, correct and complete in all material respects as of the Closing Date, and Borrower shall be in compliance in all material respects with each of the covenants set forth in Section 6 as of the Closing Date. No event shall have occurred or condition shall exist or information shall have been disclosed by Borrower or discovered by Lender which has had or would be reasonably likely to have a Material Adverse Effect material adverse effect on the PremisesPremises or Equipment, any of the Borrower Parties or Lender’s 's willingness to consummate the transaction contemplated by this Agreement, as determined by Lender in its sole and absolute discretion.

Appears in 1 contract

Samples: Loan Agreement (Romacorp Inc)

Compliance with Representations, Warranties and Covenants. All of the representations and warranties set forth in Section 5 shall be true, correct and complete as of the Closing Date, and Borrower shall be in compliance with each of the covenants set forth in Section 6 as of the Closing Date. No event shall have occurred or condition shall exist or information shall have been disclosed by Borrower or discovered by Lender which has had or would be reasonably likely to have a Material Adverse Effect material adverse effect on the Premises, any of the Borrower Parties or Lender’s willingness to consummate the transaction contemplated by this Agreement, as determined by Lender in its sole and absolute discretionLessee Parties.

Appears in 1 contract

Samples: Loan Agreement (Alon USA Energy, Inc.)

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Compliance with Representations, Warranties and Covenants. All of the representations and warranties set forth in Section 5 shall be true, correct and complete as of the Closing Date, and Borrower shall be in compliance with each of the covenants set forth in Section 6 as of the Closing Date. No event shall have occurred or condition shall exist or information shall have been disclosed by Borrower or discovered by Lender which has had or would be reasonably likely to have a Material Adverse Effect on the Premises, any of the Borrower Parties or affect Lender’s 's willingness to consummate the transaction contemplated by this Agreement, as determined by Lender in its sole and absolute discretion.

Appears in 1 contract

Samples: Loan Agreement (Alexanders J Corp)

Compliance with Representations, Warranties and Covenants. All of the representations and warranties set forth in Section 5 shall be true, correct and complete as of the Closing Date, and Borrower shall be in compliance with each of the covenants set forth in Section 6 as of the Closing Date. No event shall have occurred or condition shall exist or information shall have been disclosed by Borrower or discovered by Lender which has had or would be reasonably likely to have a Material Adverse Effect material adverse effect on the Premises, any of the Borrower Parties or Lessee Parties or Lender’s 's willingness to consummate the transaction contemplated by this Agreement, as determined by Lender in its sole and absolute discretion.

Appears in 1 contract

Samples: Loan Agreement (Tumbleweed Inc)

Compliance with Representations, Warranties and Covenants. All of the representations and warranties set forth in Section 5 shall be true, correct and complete as of the Closing Date, and Borrower shall be in compliance with each of the covenants set forth in Section 6 as of the Closing Date. No event shall have occurred or SCS Finance I, L.P. Mortgage Loan condition shall exist or information shall have been disclosed by Borrower or discovered by Lender which has had or would be reasonably likely to have a Material Adverse Effect material adverse effect on the Premises, any of the Borrower Parties or Lender’s willingness to consummate the transaction contemplated by this Agreement, as determined by Lender in its sole and absolute discretionLessee Parties.

Appears in 1 contract

Samples: Loan Agreement (Alon USA Energy, Inc.)

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