Common use of No Default; Representations Clause in Contracts

No Default; Representations. No Default or Event of Default has occurred and is continuing or would occur as a result of the proposed Advance or from the application of the proceeds therefrom. On each Delayed Draw Funding Date, both immediately before and immediately after giving effect to an Advance of a Delayed Draw Term Loan, all representations and warranties of each of the Loan Parties in Loan Documents signed by such Loan Party are true, correct, and complete in all material respects with the same effect as though such representations and warranties had been made on the date of such Advance (it being understood and agreed that any representation or warranty that is qualified as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct in all respects as of such date), except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct in all material respects (with duplication of any applicable materiality qualification) as of such specified earlier date.

Appears in 2 contracts

Samples: Credit Agreement (New Atlas HoldCo Inc.), Credit Agreement (Atlas Energy Solutions Inc.)

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No Default; Representations. No Default or Event of Default has occurred and is continuing or would occur as a result of the proposed Advance or from the application of the proceeds therefrom. On each Delayed Draw Funding Date, both immediately before and immediately after giving effect to an Advance of a Delayed Draw Term Loan, all representations and warranties of each of the Loan Parties in Loan Documents signed by such Loan Party are true, correct, and complete in all material respects with the same effect as though such representations and warranties had been made on the date of such Advance (it being understood and agreed that any representation or warranty that is qualified as to "materiality,” “" "Material Adverse Effect" or similar language shall be true and correct in all respects as of such date), except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct in all material respects (with duplication of any applicable materiality qualification) as of such specified earlier date.

Appears in 1 contract

Samples: Credit Agreement (Atlas Energy Solutions Inc.)

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No Default; Representations. No Default or Event of Default has occurred and is continuing or would occur as a result of the proposed Advance or from the application of the proceeds therefrom. On each the Additional Delayed Draw Funding Date, both immediately before and immediately after giving effect to an the Advance of a the Additional Delayed Draw Term Loan, all representations and warranties of each of the Loan Parties in Loan Documents signed by such Loan Party are true, correct, and complete in all material respects with the same effect as though such representations and warranties had been made on the date of such Advance (it being understood and agreed that any representation or warranty that is qualified as to "materiality,” “" "Material Adverse Effect" or similar language shall be true and correct in all respects as of such date), except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct in all material respects (with duplication of any applicable materiality qualification) as of such specified earlier date.

Appears in 1 contract

Samples: Credit Agreement (Atlas Energy Solutions Inc.)

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