Common use of Initial representations and warranties Clause in Contracts

Initial representations and warranties. The Borrowers jointly and severally further represent and warrant to each Creditor that: 7.2.1 Pari passu and subordinated indebtedness the obligations of each Borrower under this Agreement and the Master Swap Agreement and the obligations of the Corporate Guarantor under the Corporate Guarantee are direct, general and unconditional obligations of such Borrower and the Corporate Guarantor, respectively, and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of such Borrower with the exception of any obligations which are mandatorily preferred by law and not by contract; 7.2.2 No default under other Indebtedness none of the Borrowers nor any of their respective Related Companies nor any other Security Party is (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 Borrowers jointly and severally further represent and warrant to each Creditor that: 7.2.1 Pari passu and subordinated indebtedness the obligations of each Borrower under this Agreement and the Master Swap Agreement and the obligations of the Corporate Guarantor under the Corporate Guarantee are direct, general and unconditional obligations of such Borrower and the Corporate Guarantor, respectively, and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of such Borrower with the exception of any obligations which are mandatorily preferred by law and not by contract; 7.2.2 No default under other Indebtedness none neither of the Borrowers nor any of their respective Related Companies nor any other Security Party is (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 Borrowers jointly and severally further represent and warrant to each Creditor that: 7.2.1 Pari passu and subordinated indebtedness the obligations of each Borrower under this Agreement and the Master Swap Agreement and the obligations of the Corporate each Transaction Guarantor under the Corporate relevant Transaction Guarantee are direct, general and unconditional obligations of such Borrower and such the Corporate Transaction Guarantor, respectively, and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of such Borrower and such Transaction Guarantor, respectively, with the exception of any obligations which are mandatorily preferred by law and not by contract; 7.2.2 No default under other Indebtedness none neither of the Borrowers nor any of their respective Related Companies nor any other Security Party is (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 Borrowers jointly and severally further represent and warrant to each Creditor that: 7.2.1 Pari passu and subordinated indebtedness the obligations of each Borrower under this Agreement and the Master Swap Agreement and the obligations of the Corporate each Transaction Guarantor under the Corporate relevant Transaction Guarantee are direct, general and unconditional obligations of such Borrower and such the Corporate Transaction Guarantor, respectively, and rank at least pari passu with all other present and future unsecured and unsubordinated Indebtedness of such Borrower and such Transaction Guarantor, respectively, with the exception of any obligations which are mandatorily preferred by law and not by contract; 7.2.2 No default under other Indebtedness none of the Borrowers nor any of their respective Related Companies nor any other Security Party is (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;