Dutch Representations Clause Samples

Dutch Representations. (a) The Dutch Borrower represents and warrants to each Lender and the Administrative Agent that (i) it has done what may reasonably be expected of it to verify the status of each Person which is a Lender, with respect to the Dutch Borrower, as a PMP and (ii) it has not received and will not receive any repayable funds (opvorderbare gelden) from Persons other than PMPs or from beyond a restricted circle. (b) Each Lender represents to the Dutch Borrower that (i) it is a PMP and will continue to be a PMP so long as it remains a Lender with respect to the Dutch Borrower hereunder and (ii) each Person that becomes a Lender after the Closing Date represents that it is a PMP on the date it becomes a Lender and will continue to be a PMP so long as it remains a Lender with respect to the Dutch Borrower hereunder. Each Lender acknowledges that the Dutch Borrower has relied upon such representation.