Common use of Disclosure of Material Facts Clause in Contracts

Disclosure of Material Facts. (a) The Borrower is not aware of any material facts or circumstances which: (i) have not been disclosed to the Facility Agent; and (ii) if disclosed, might have reasonably been expected to adversely affect the decision of a person considering whether or not to make loan facilities of the nature contemplated by this Agreement available to the Borrower and/or issue the GIEK Guarantee. (b) All information provided by any Security Party or member of the TOO Group to any of the Facility Beneficiaries in connection with the Transaction Documents or the transactions referred to therein is accurate and correct in all material respects at the time it was given or made.

Appears in 2 contracts

Samples: Secured Term Loan Facility Agreement (Teekay Offshore Partners L.P.), Secured Term Loan Facility Agreement

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Disclosure of Material Facts. (a) The Borrower is not aware of any material facts or circumstances which: (i) have not been disclosed to the Facility Agent; and (ii) if disclosed, might have reasonably been expected to adversely affect the decision of a person considering whether or not to make loan facilities of the nature contemplated by this Agreement available to the Borrower and/or issue the K-Sure Insurance Policy, the KEXIM Guarantee and/or issue the GIEK Guarantee. (b) All information provided by any Security Party or member of the TOO any Group to any of the Facility Beneficiaries in connection with the Transaction Documents or the transactions referred to therein is accurate and correct in all material respects at the time it was given or made.

Appears in 2 contracts

Samples: Loan Agreement (Teekay Offshore Partners L.P.), Loan Agreement (Teekay Corp)

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Disclosure of Material Facts. (a) The Borrower is not aware of any material facts or circumstances which: (i) have not been disclosed to the Facility Agent; and (ii) and if disclosed, might have reasonably been expected to adversely affect the decision of a person considering whether or not to make loan facilities of the nature contemplated by this Agreement available to the Borrower and/or issue the K-Sure Insurance (ii) Policy, the KEXIM Guarantee and/or issue the GIEK Guarantee. (b) . All information provided by any Security Party or member of the TOO any Group to any of the Facility Beneficiaries in connection with the Transaction Documents or the transactions referred to therein is accurate and correct in all material respects at the time it was given (b) or made.

Appears in 1 contract

Samples: Loan Agreement

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