Original Borrower Representations Sample Clauses
The "Original Borrower Representations" clause defines the initial statements and assurances made by the borrower regarding their legal status, financial condition, and other relevant facts at the time the agreement is executed. Typically, these representations cover matters such as the borrower's authority to enter into the agreement, the accuracy of financial statements, and the absence of undisclosed liabilities. This clause serves to provide the lender with a factual basis for extending credit, ensuring that the borrower is transparent and trustworthy, and helps allocate risk by allowing the lender to take action if any representation is later found to be false or misleading.
Original Borrower Representations. As a material inducement to Lender to enter into this Agreement and to consent to the Requested Actions, Original Borrower acknowledges, warrants, represents and agrees to and with Lender as follows:
Original Borrower Representations. As a material inducement to Lender and New Borrower to enter into this Assumption Agreement, and to Lender consenting to the Requested Actions, Original Borrower acknowledges, warrants, represents and agrees to and with Lender and New Borrower as set forth below in this Section 1.1. Any representation or warranty by the Original Borrower set forth below in this Section 1.1 that is qualified as to Original Borrower's actual knowledge is made subject to, and to the extent of the actual knowledge of, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇ as of the date of this Assumption Agreement.
Original Borrower Representations. As a material inducement to Lender to enter into this Agreement and to consent to the Requested Actions, Original Borrower acknowledges, warrants, represents and agrees to and with Lender (New Borrower shall have no right whatsoever to rely on any of such acknowledgments, warrants, representations and agreements) as follows:
Original Borrower Representations. As a material inducement to Lender --------------------------------- to enter into this Agreement and to consent to the Requested Actions, Original Borrower acknowledges, warrants, represents and agrees to and with ▇▇▇▇▇▇ as follows: