Common use of Loans and Representations Clause in Contracts

Loans and Representations. At the time of each Loan request, the Borrower, unless otherwise disclosed to the Lender in writing, shall be deemed to represent and warrant to the Lender, as an inducement to having the Lender make the requested Loan, that as of the date of such Loan request (a) all representations and warranties contained in this Agreement are true and correct in all respects, and (b) no Default or Event of Default exists.

Loans and Representations. At the time of each Loan request, the BorrowerBorrower and the Guarantors, unless otherwise disclosed to the Lender in writing, shall be deemed to represent and warrant to the Lender, as an inducement to having the Lender make the requested Loan, that as of the date of such Loan request (a) all representations and warranties contained in this Agreement are true and correct in all respects, and (b) no Default or Event of Default exists.