Common use of No Default; Representations and Warranties True and Correct Clause in Contracts

No Default; Representations and Warranties True and Correct. At the time of each Credit Event and also after giving effect thereto (i) there shall exist no Default or Event of Default and (ii) all representations and warranties made by the Borrower contained herein (other than, except in the case of the initial Credit Event, Sections 7.4 and 7.15 hereof) shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Credit Event (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date).

Appears in 15 contracts

Samples: Amendment and Restatement Agreement (ITC Holdings Corp.), Amendment and Restatement Agreement (ITC Holdings Corp.), Amendment and Restatement Agreement (ITC Holdings Corp.)

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No Default; Representations and Warranties True and Correct. At the time of each Credit Event and also after giving effect thereto (i) there shall exist no Default or Event of Default and (ii) all representations and warranties made by the Borrower contained herein (other than, except in the case of the initial Credit Event, Sections 7.4 and 7.15 Section 7.14 hereof) shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Credit Event (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date).

Appears in 7 contracts

Samples: Revolving Credit Agreement (ITC Holdings Corp.), Revolving Credit Agreement (ITC Holdings Corp.), Revolving Credit Agreement (ITC Holdings Corp.)

No Default; Representations and Warranties True and Correct. At the time of each Credit Event and also after giving effect thereto (i) there shall exist no Default or Event of Default and (ii) all representations and warranties made by the Borrower contained herein (other than, except or in the case of the initial other Credit Event, Sections 7.4 and 7.15 hereof) Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Credit Event (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date).

Appears in 2 contracts

Samples: Revolving Credit Agreement (ITC Holdings Corp.), Revolving Credit Agreement (ITC Holdings Corp.)

No Default; Representations and Warranties True and Correct. At the time of each Credit Event the Borrowing and also after giving effect thereto (i) there shall exist no Default or Event of Default and (ii) all representations and warranties made by the Borrower contained herein (other than, except in the case of the initial Credit Event, Sections 7.4 and 7.15 hereof) shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Credit Event Loan (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date).

Appears in 1 contract

Samples: Term Loan Agreement (ITC Holdings Corp.)

No Default; Representations and Warranties True and Correct. At the time of each Credit Event and also after giving effect thereto (i) there shall exist no Default or Event of Default relating to such Borrower or any of its Subsidiaries and (ii) all representations and warranties made by the such Borrower contained herein (other than, except in the case of the initial Credit Event, Sections 7.4 and 7.15 hereofSection 7.14) shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Credit Event (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date).

Appears in 1 contract

Samples: Revolving Credit Agreement (ITC Holdings Corp.)

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No Default; Representations and Warranties True and Correct. At the time of each Credit Event and also after giving effect thereto (i) there shall exist no Default or Event of Default and (ii) all representations and warranties made by the Borrower contained herein (other than, except in the case of the initial Credit Event, Sections 7.4 and 7.15 hereof) shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Credit Event (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date)) provided that the representations and warranties made in Section 7.4 and 7.15 shall be made only on the Closing Date.

Appears in 1 contract

Samples: Term Loan Credit Agreement (ITC Holdings Corp.)

No Default; Representations and Warranties True and Correct. At the time of each Credit Event and also after giving effect thereto (ia) there shall exist no Default or Event of Default and (iib) all representations and warranties made by the Borrower any Credit Party contained herein (other than, except or in the case of the initial other Credit Event, Sections 7.4 and 7.15 hereof) Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Credit Event (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date).

Appears in 1 contract

Samples: Credit Agreement

No Default; Representations and Warranties True and Correct. At the time of each Credit Event and also after giving effect thereto (i) there shall exist no Default or Event of Default and (ii) all representations and warranties made by the Borrower contained herein (other than, except in the case of the initial Credit Event, Sections 7.4 and 7.15 hereofSection 7.14) shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Credit Event (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date).

Appears in 1 contract

Samples: Revolving Credit Agreement (ITC Holdings Corp.)

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