Common use of Compliance with Terms of Agreements Clause in Contracts

Compliance with Terms of Agreements. The representations and warranties of each of the Obligors set forth in Article IV of this Agreement and in the other Transaction Documents shall be true and correct on and as of the Closing Date with the same effect as if made on the Closing Date (except to the extent that they relate to a different time, in which case such representations and warranties shall have been true on and as of such time); and no Event of Default shall have occurred and be continuing or would occur as a result of the acceptance or the charter of the Vessels on the Closing Date.

Appears in 4 contracts

Samples: Agreement to Acquire and Charter (Teco Energy Inc), Agreement to Acquire and Charter (Tampa Electric Co), Agreement to Acquire and Charter (Tampa Electric Co)

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