Representation and Warranty of the Lenders. Each Lender represents and warrants that in good faith it has not and will not rely upon any margin stock (as such term is defined in Regulation U of the Board of Governors of the Federal Reserve System) as collateral in the making and maintaining of its Advances hereunder.
Representation and Warranty of the Lenders. Each Lender represents and warrants that in good faith it has not relied, and will not rely, upon any Margin Stock as collateral in the making and maintaining of its Advances hereunder.
Representation and Warranty of the Lenders. Each of the Lenders represents to the Agent and each of the other Lenders that it in good faith is not relying upon any “margin stock” (as defined in Regulation U issued by the Board of Governors of the Federal Reserve System) as collateral in the extension or maintenance of the credit provided for in this Agreement.
Representation and Warranty of the Lenders. As of the date hereof, each Lender hereby represents and warrants to the Company and each of the Borrowers that (a) each Lender is incorporated, formed or otherwise organized in a jurisdiction outside of Canada; and (b) the Bridge Loan Warrants and the Bridge Loan Notes are being purchased for investment purposes only and not with a view to resale to a purchaser in Canada.
Representation and Warranty of the Lenders. Each Lender hereby represents that no part of any funds used by such Lender to fund any Loan or other extension of credit to the Borrowers made by it constitutes or will constitute assets allocated to any "separate account" maintained by such Lender. As used herein, the term "separate account" shall have the meaning assigned to such term in Section 3 of ERISA.
Representation and Warranty of the Lenders. Each Lender hereby represents that no part of any funds used by such Lender to fund any Loan or other extension of credit to the Borrower made by it constitutes or will constitute assets allocated to any "separate account" maintained by such Lender. As used herein, the term "separate account" shall have the meaning assigned to such term in Section 3 of ERISA. Each Lender hereby represents to the Borrower, the Agent and the other Lenders that the Notes are being acquired by such Lender as a result of making loans in the ordinary course of its commercial banking business and are not being acquired with a view to or for sale in connection with any distribution of the Notes, nor with any present intention of distributing or selling the Notes (or any interest therein); provided, however, that, subject to any contrary requirements of law, disposition of the property of each Lender shall at all times be and remain within the control of such Lender.
Representation and Warranty of the Lenders
