Common use of Representations and Warranties; Events of Default and Potential Defaults Clause in Contracts

Representations and Warranties; Events of Default and Potential Defaults. The representations and warranties contained in Article III shall be true and correct in all material respects (except for those representations and warranties which are already qualified by materiality and which shall be true and correct in all respects) on and as of the date of each Loan with the same effect as though made on and as of each such date. On the date on which any Loan is made, no Event of Default and no Potential Default shall have occurred and be continuing or exist or shall occur or exist after giving effect to the Loan to be made on such date. Each request by the Borrower for any Loan shall constitute a representation and warranty by the Borrower that the conditions set forth in this Section 4.01 have been satisfied as of the date of such request. The failure of the Agent to receive notice from the Borrower to the contrary before such Loan is made shall constitute a further representation and warranty by the Borrower that the conditions referred to in this Section 4.01 have been satisfied as of the date such Loan is made.

Appears in 1 contract

Samples: Loan Agreement (Matthews International Corp)

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Representations and Warranties; Events of Default and Potential Defaults. The representations and warranties contained in Article III shall be true and correct in all material respects (except for those representations and warranties which are already qualified by materiality and which shall be true and correct in all respects) on and as of the date of each Loan with Loan, except for purposes of this Section 4.01, after the same effect as though made on Closing Date the representations and as of each such datewarranties contained in Section 3.08 shall be deemed to refer to the most recent financial statements furnished pursuant to Section 5.01. On the date on which of any Loan is madeLoan, no Event of Default and no Potential Default shall have occurred and be continuing or exist or shall occur or exist after giving effect to the Loan to be made on such date. Each request by the Borrower for any Loan shall constitute a representation and warranty by the Borrower that the conditions set forth in this Section 4.01 have been satisfied as of the date of such request. The failure of the Agent Lender to receive notice from the Borrower to the contrary before such Loan is made shall constitute a further representation and warranty by the Borrower that the conditions referred to in this Section 4.01 have been satisfied as of the date such Loan is made.

Appears in 1 contract

Samples: Loan Agreement (Oak Ridge Financial Services, Inc.)

Representations and Warranties; Events of Default and Potential Defaults. The representations and warranties contained in Article III shall be true and correct in all material respects (except for those representations and warranties which are already qualified by materiality and which shall be true and correct in all respects) on and as of the date of each Loan with the same effect as though made on and as of each such date, except to the extent that any such representation or warranty (including any Schedule referred to therein) relates specifically to a prior date and except to the extent that any such representation and warranty (including any Schedule referred to therein) is not true and correct in any material respect as a result of activities or actions permitted to be taken by any Loan Party or any of their Subsidiaries pursuant to Article VI hereof. On the date on which any Loan is madeof each Loan, no Event of Default and no Potential Default shall have occurred and be continuing or exist or shall occur or exist after giving effect to the Loan to be made on such date. Each request by the Borrower for any Loan shall constitute a representation and warranty by the Borrower that the conditions set forth in this Section 4.01 have been satisfied as of the date of such request. The failure Failure of the Agent to receive notice from the Borrower to the contrary before such Loan is made shall constitute a further representation and warranty by the Borrower that the conditions referred to in this Section 4.01 have been satisfied as of the date such Loan is made.

Appears in 1 contract

Samples: Loan Agreement (Tuscarora Inc)

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Representations and Warranties; Events of Default and Potential Defaults. The representations and warranties contained in Article III shall be true and correct in all material respects (except for those representations and warranties which are already qualified by materiality and which shall be true and correct in all respects) on and as of the date of the making of each Loan with (except to the same effect as though made on extent such representation or warranty refers to an earlier date, in which case, such representation or warranty shall be true and correct as of each such earlier date). On the date on which of any Loan is madeLoan, no Event of Default and no Potential Default shall have occurred and be continuing or exist or shall occur or exist after giving effect to the Loan to be made on such date. Each request by the Borrower Borrowers for any Loan shall constitute a representation and warranty by the Borrower Borrowers that the conditions set forth in this Section 4.01 have been satisfied as of the date of such request. The failure of the Agent Bank to receive notice from the Borrower Borrowers to the contrary before such Loan is made shall constitute a further representation and warranty by the Borrower Borrowers that the conditions referred to in this Section 4.01 have been satisfied as of the date such Loan is made.

Appears in 1 contract

Samples: Loan Agreement (Liberated Syndication Inc.)

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