Common use of Initial representations and warranties Clause in Contracts

Initial representations and warranties. The Guarantor further represents and warrants to the Security Agent that: 4.2.1 Pari passu the obligations of the Guarantor under this Guarantee are direct, general and unconditional obligations of the Guarantor and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Guarantor with the exception of any obligations which are mandatorily preferred by law and not by contract; 4.2.2 No default under other Indebtedness the Guarantor is not (nor would with the giving of notice or lapse of time or the satisfaction of any other condition or combination thereof be) in breach of or in default under any agreement relating to Indebtedness to which it is a party or by which it may be bound;

Initial representations and warranties. The Guarantor further represents and warrants to the Security Agent that: 4.2.1 Pari passu the obligations of the Guarantor under this Guarantee are direct, general and unconditional obligations of the Guarantor and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Guarantor with the exception of any except for obligations which are mandatorily preferred by operation of law and not by contract; 4.2.2 No default under other Indebtedness the Guarantor is not (nor would with the giving of notice or lapse of time or the satisfaction of any other condition or combination thereof be) in breach of or in default under any agreement relating to Indebtedness in an amount equal to or greater than One million Dollars ($1,000,000) (or its equivalent in other currencies), to which it is a party or by which it may be bound;

Initial representations and warranties. The Guarantor further represents and warrants to the Security Agent that: 4.2.1 Pari passu the obligations of the Guarantor under this Guarantee are direct, general and unconditional obligations of the Guarantor and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of the Guarantor with the exception of any except for obligations which are mandatorily preferred by operation of law and not by contract; 4.2.2 No default under other Indebtedness the Guarantor is not (nor would with the giving of notice or lapse of time or the satisfaction of any other condition or combination thereof be) in breach of or in default under any agreement relating to Indebtedness to which it is a party or by which it may be bound;