Representations and Warranties; Events of Default and Potential Defaults. The representations and warranties contained in Article III shall be true on and as of the date of Closing and each Loan Advance, with the same effect as though made on and as of such date. On the date of the Closing, no Event of Default and no Potential Default shall have occurred and be continuing or exist.
Appears in 3 contracts
Samples: Line of Credit Agreement (Shepherd's Finance, LLC), Line of Credit Agreement (84 Financial, L.P.), Line of Credit Agreement (84 Financial, L.P.)
Representations and Warranties; Events of Default and Potential Defaults. The representations and warranties contained in Article III shall be true on and as of the date of Closing and each Loan AdvanceDisbursement, with the same effect as though made on and as of such date. On the date of the Closing, no Event of Default and no Potential Default shall have occurred and be continuing or exist.
Appears in 2 contracts
Samples: Credit Agreement (Shepherd's Finance, LLC), Credit Agreement (Shepherd's Finance, LLC)
Representations and Warranties; Events of Default and Potential Defaults. The representations and warranties contained in Article III shall be true and correct on and as of the date of Closing and each Loan Advance, with the same effect as though made on and as of such dateDate. On the date of the ClosingClosing Date, no Event of Default and no Potential Default shall have occurred and be continuing or existexist or shall occur or exist after giving effect to the Loan to be made on the Closing Date.
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