Ratifications Representations and Warranties. (a) The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Loan Agreement and, except as expressly modified and superseded by this Amendment, the terms and provisions of the Loan Agreement are ratified and confirmed and shall continue in full force and effect. The Borrower and Agent agree that the Loan Agreement and the Loan Documents, as amended hereby, shall continue to be legal, valid, binding and enforceable in accordance with their respective terms. (b) In order to induce the Agent to enter into this Amendment, the Borrower represents and warrants to the Agent that: (i) The representations and warranties contained in Section 11 of the Loan Agreement are true and correct in all material respects at and as of the time of the effectiveness hereof (except to the extent that such representations and warranties related solely to an earlier date and except to the extent that the facts upon which such representations are based have been changed by the transactions contemplated by this Amendment). (ii) Each Restricted Person is duly authorized to execute and deliver each Loan Document to the extent a party thereto and Borrower is and will continue to be duly authorized to borrow and to perform its obligations under the Loan Agreement as amended hereby. Each Restricted Person has duly taken all action necessary to authorize the execution and delivery of each Loan Document to which it is a party and to authorize the performance of the obligations of each Restricted Person thereunder.
Appears in 3 contracts
Samples: Loan Agreement (Ascent Energy Inc), Loan Agreement (Ascent Energy Inc), Loan Agreement (Ascent Energy Inc)
Ratifications Representations and Warranties. (a) The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Loan Credit Agreement and, except as expressly modified and superseded by this Amendment, the terms and provisions of the Loan Credit Agreement are ratified and confirmed and shall continue in full force and effect. The Borrower and Agent Lenders agree that the Loan Credit Agreement and the Loan Documents, as amended hereby, shall continue to be legal, valid, binding and enforceable in accordance with their respective terms.
(b) In order to induce the Agent Lenders to enter into this Amendment, the each of Borrower and Parent represents and warrants to the Agent Lenders that:
(i) The representations and warranties contained in Section 11 Article V of the Loan Credit Agreement are true and correct in all material respects at and as of the time of the effectiveness hereof (except to the extent that such representations and warranties related solely to an earlier date and except to the extent that the facts upon which such representations are based have been changed by the transactions contemplated by this Amendment)hereof.
(ii) Each Restricted Person is duly authorized to execute and deliver each Loan Document to the extent a party thereto and Borrower is and will continue to be duly authorized to borrow and to perform its obligations under the Loan Credit Agreement as amended hereby. Each Restricted Person has duly taken all action necessary to authorize the execution and delivery of each Loan Document to which it is a party and to authorize the performance of the obligations of each Restricted Person thereunder.
Appears in 2 contracts
Samples: Credit Agreement (Inland Resources Inc), Credit Agreement (Inland Resources Inc)
Ratifications Representations and Warranties. (a) The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Loan Credit Agreement and, except as expressly modified and superseded by this Amendment, the terms and provisions of the Loan Credit Agreement are ratified and confirmed and shall continue in full force and effect. The Borrower and Agent agree that the Loan Credit Agreement and the Loan Documents, as amended hereby, shall continue to be legal, valid, binding and enforceable in accordance with their respective terms.
(b) In order to induce the Agent to enter into this Amendment, the Borrower represents and warrants to the Agent that:
(i) The representations and warranties contained in Section 11 Article V of the Loan Credit Agreement are true and correct in all material respects at and as of the time of the effectiveness hereof (except to the extent that such representations and warranties related solely to an earlier date and except to the extent that the facts upon which such representations are based have been or shall be changed by the transactions contemplated by this Amendment).
(ii) Each Restricted Person is duly authorized to execute and deliver each Loan Document to the extent a party thereto and Borrower is and will continue to be duly authorized to borrow and to perform its obligations under the Loan Credit Agreement as amended hereby. Each Restricted Person has duly taken all action necessary to authorize the execution and delivery of each Loan Document to which it is a party and to authorize the performance of the obligations of each Restricted Person thereunder.
Appears in 1 contract
Ratifications Representations and Warranties. (a) The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent terms and provisions set forth in the Loan Credit Agreement and, except as expressly modified and superseded by this Amendment, the terms and provisions of the Loan Credit Agreement are ratified and confirmed and shall continue in full force and effect. The Borrower and Agent Fortis agree that the Loan Credit Agreement and the Loan Documents, as amended hereby, shall continue to be legal, valid, binding and enforceable in accordance with their respective terms.
(b) In order to induce the Agent Fortis to enter into this Amendment, the Borrower represents and warrants to the Agent Fortis that:
(i) The representations and warranties contained in Section 11 Article V of the Loan Credit Agreement are true and correct in all material respects at and as of the time of the effectiveness hereof (except to the extent that such representations and warranties related solely to an earlier date and except to the extent that the facts upon which such representations are based have been changed by the transactions contemplated by this Amendment)hereof.
(ii) Each Restricted Person The Borrower is duly authorized to execute and deliver each Loan Document to this Agreement and the extent a party thereto and Borrower is and will continue to be duly authorized to borrow and to perform its obligations under the Loan Credit Agreement as amended hereby. Each Restricted Person The Borrower has duly taken all action necessary to authorize the execution and delivery of each Loan Document to which it is a party this Agreement and to authorize the performance of the its obligations of each Restricted Person thereunder.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Meridian Resource Corp)