Common use of Information; No Material Adverse Change Clause in Contracts

Information; No Material Adverse Change. (a) All written information heretofore furnished by the Obligors to the Administrative Agent or any Lender in connection with this Agreement or any of the other Loan Documents, when considered together with the disclosures made herein, in the other Loan Documents and in the filings made by any Obligor with the SEC pursuant to the Exchange Act, did not as of the date thereof (or if such information related to a specific date, as of such specific date), when read together and taken as a whole, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein not misleading in light of the circumstances under which such statements were made, except for such information, if any, that has been updated, corrected, supplemented, superseded or modified pursuant to a written instrument delivered to the Administrative Agent and the Lenders prior to the Effective Date. (b) Parent has heretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholders equity and cash flows as of and for the Fiscal Years ended December 31, 2018 and December 31, 2017, in each case as reported on by KPMG LLP, independent public accountants. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of Parent and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP. (c) There has been no material adverse change since July 3, 2019 in the financial condition, business, assets or operations of Parent and its Restricted Subsidiaries, taken as a whole.

Appears in 3 contracts

Samples: Lc Credit Agreement (Weatherford International PLC), Lc Credit Agreement and u.s. Security Agreement (Weatherford International PLC), Lc Credit Agreement (Weatherford International PLC)

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Information; No Material Adverse Change. (a) All written information heretofore furnished by the Obligors to the Administrative Agent or any Lender in connection with this Agreement or any of the other Loan DocumentsDocuments (including the information contained in the Confidential Information Memorandum dated April 2016 delivered in connection with Transactions, the credit facility evidenced hereby and the Revolving Credit Facility), when considered together with the disclosures made herein, in the other Loan Documents and in the filings made by any Obligor with the SEC pursuant to the Exchange Act, did not as of the date thereof (or if such information related to a specific date, as of such specific date), when read together and taken as a whole, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein not misleading in light of the circumstances under which such statements were made, except for such information, if any, that has been updated, corrected, supplemented, superseded or modified pursuant to a written instrument delivered to the Administrative Agent and the Lenders prior to the Effective Date. (b) Parent WIL-Ireland has heretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholders equity and cash flows as of and for the Fiscal Years Year ended December 31, 2018 and December 31, 2017, in each case as 2015 reported on by KPMG LLP, independent public accountants. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of Parent WIL-Ireland and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP.. ACTIVE 214387177 (c) There has been no material adverse change since July 3December 31, 2019 2015 in the financial condition, business, assets or operations of Parent WIL-Ireland and its Restricted Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Term Loan Agreement (Weatherford International PLC)

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Information; No Material Adverse Change. (a) All written information heretofore furnished by the Obligors to the Administrative Agent or any Lender in connection with this Agreement or any of the other Loan DocumentsDocuments (including the information contained in the Confidential Information Memorandum dated April 2016 delivered in connection with Transactions, the facility evidenced hereby and the Term Loan Facility), when considered together with the disclosures made herein, in the other Loan Documents and in the filings made by any Obligor with the SEC pursuant to the Exchange Act, did not as of the date thereof (or if such information related to a specific date, as of such specific date), when read together and taken as a whole, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein not misleading in light of the circumstances under which such statements were made, except for such information, if any, that has been updated, corrected, supplemented, superseded or modified pursuant to a written instrument delivered to the Administrative Agent and the Lenders prior to the Effective Date. (b) Parent WIL-Ireland has heretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholders equity and cash flows (i) as of and for the Fiscal Years Year ended December 31, 2018 and December 31, 2017, in each case as 2015 reported on by KPMG LLP, independent public accountants. Such financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of Parent WIL-Ireland and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP. (c) There has been no material adverse change since July 3December 31, 2019 2015 in the financial condition, business, assets or operations of Parent WIL-Ireland and its Restricted Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Weatherford International PLC)

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