Common use of Representations and Warranties Generally Clause in Contracts

Representations and Warranties Generally. The representations and warranties of Company set forth in this Agreement that do not contain a “Material Adverse Effect” qualification or other express materiality or similar qualification are true and correct in all material respects (i) as of the Closing Date and (ii) as otherwise specifically provided herein. The representations and warranties of Company set forth in this Agreement that contain a “Material Adverse Effect” qualification or any other express materiality or similar qualification are true and correct (a) as of the Closing Date and (b) as otherwise specifically provided herein. None of the representations, warranties, covenants and agreements made in this Agreement or in any certificate or other document delivered to Purchasers by or on behalf of Company pursuant to or in connection with this Agreement contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained therein not misleading in light of the circumstances when made and as of the Closing Date. Such representations and warranties shall be deemed to have been relied upon by each Purchaser notwithstanding a Purchaser’s review of any documents or materials delivered by Company to a Purchaser pursuant to the terms hereof and notwithstanding any investigation heretofore or hereafter made by Purchasers or on their behalf (and Company hereby acknowledges such reliance by each Purchaser), provided that each Purchaser represents that as of the date of this Agreement it has no actual knowledge that any of Company’s representations or warranties is or might be inaccurate; and the covenants and agreements of Company to the Purchasers that by their nature are to be performed in the future shall continue in full force and effect so long as they remain unperformed.

Appears in 3 contracts

Samples: Subordinated Note Purchase Agreement (First Bancshares Inc /MS/), Subordinated Note Purchase Agreement (First Bancshares Inc /MS/), Subordinated Note Purchase Agreement (Franklin Financial Network Inc.)

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Representations and Warranties Generally. The representations and warranties of Company the Noteholder set forth in this Agreement that do not contain a “Material Adverse Effect” qualification or other express materiality or similar qualification are true and correct in all material respects (i) as of the Closing Date and (ii) as otherwise specifically provided herein. The representations and warranties of Company set forth in this Agreement that contain a “Material Adverse Effect” qualification or any other express materiality or similar qualification are true and correct (a) as of the Closing Date and (b) as otherwise specifically provided hereindate hereof. None of the representations, warranties, covenants and covenants, or agreements made in this Agreement by the Noteholder contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained therein, in any light of the circumstances under which they were made, not misleading, Any certificate or other document signed by a duly authorized representative of the Noteholder and delivered to Purchasers Company or to counsel for Company shall be deemed to be a representation and warranty by or on behalf the Noteholder to Company as to the matters set forth therein. The Noteholder hereby agrees and acknowledges that the Noteholder’s purchase of Company the Subordinated Notes at Closing pursuant to or Sections 2 and 3 hereof shall constitute the Noteholder’s affirmative representation and warranty that (i) the representations and warranties of the Noteholder set forth in connection with this Agreement are true and correct on and as of the Closing Date as though made on and as of the Closing Date (except to the extent that any such that representations and warranties are made as of a specified date, in which case such representations and warranties shall be affirmed true and correct as of such date(s)), and that none of the representations, warranties, covenants, or agreements made in this Agreement by the Noteholder contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained therein not misleading in light of the circumstances when made and as of the Closing Date. Such representations , and warranties shall be deemed to have been relied upon (ii) the Noteholder has performed, satisfied, and complied with in all material respects all covenants, agreements, and conditions required by each Purchaser notwithstanding a Purchaser’s review of any documents or materials delivered by Company to a Purchaser pursuant to the terms hereof and notwithstanding any investigation heretofore or hereafter made by Purchasers or on their behalf (and Company hereby acknowledges such reliance by each Purchaser), provided that each Purchaser represents that as of the date of this Agreement it has no actual knowledge that any of Company’s representations or warranties is or might be inaccurate; and the covenants and agreements of Company to the Purchasers that by their nature are to be performed in performed, satisfied, or complied with by the future shall continue in full force and effect so long as they remain unperformedNoteholder at or prior to Closing.

Appears in 2 contracts

Samples: Subordinated Note Purchase Agreement (Ameriserv Financial Inc /Pa/), Subordinated Note Purchase Agreement (Codorus Valley Bancorp Inc)

Representations and Warranties Generally. The representations and warranties of Company Purchaser set forth in this Agreement that do not contain a “Material Adverse Effect” qualification or other express materiality or similar qualification are true and correct in all material respects (i) as of the Closing Date and (ii) as otherwise specifically provided herein. The representations and warranties of Company set forth in this Agreement that contain a “Material Adverse Effect” qualification or any other express materiality or similar qualification are true and correct (a) as of the Closing Date and (b) as otherwise specifically provided hereindate hereof. None of the representations, warranties, covenants and or agreements made in this Agreement or in any certificate or other document delivered to Purchasers by or on behalf of Company pursuant to or in connection with this Agreement Purchaser contains any untrue statement of a material fact or omits to state a material fact or any fact necessary to make the statements contained therein not misleading in light of the circumstances when made made. Any certificate signed by a duly authorized representative of Purchaser and delivered to Company or to counsel for Company shall be deemed to be a representation and warranty by Purchaser to Company as to the matters set forth therein. Purchaser hereby agrees and acknowledges that Purchaser’s purchase of the Subordinated Notes at Closing pursuant to Sections 2 and 3 shall constitute Purchaser’s affirmative representation and warranty that (i) the representations and warranties of Purchaser set forth in this Agreement are true and correct on and as of the Closing Date. Such Date as though made on and as of the Closing Date (except to the extent that any such that representations and warranties are made as of a specified date, in which case such representations and warranties shall be deemed to have been relied upon by each Purchaser notwithstanding a Purchaser’s review affirmed true and correct as of any documents or materials delivered by Company to a Purchaser pursuant to the terms hereof and notwithstanding any investigation heretofore or hereafter made by Purchasers or on their behalf (and Company hereby acknowledges such reliance by each Purchaserdate(s)), provided and that each none of the representations, warranties, covenants, or agreements made in this Agreement by Purchaser represents that contains any untrue statement of a material fact or omits to state a material fact or any fact necessary to make the statements contained therein not misleading in light of the circumstances as of the date of Closing Date, and (ii) Purchaser has performed, satisfied, and complied with in all material respects all covenants, agreements, and conditions required by this Agreement it has no actual knowledge that any of Company’s representations or warranties is or might be inaccurate; and the covenants and agreements of Company to the Purchasers that by their nature are to be performed in the future shall continue in full force and effect so long as they remain unperformedperformed, satisfied, or complied with by Purchaser at or prior to Closing.

Appears in 1 contract

Samples: Subordinated Note Purchase Agreement (Howard Bancorp Inc)

Representations and Warranties Generally. The representations and warranties of Company set forth in this Agreement that do not contain a “Material Adverse Effect” qualification or other express materiality or similar qualification are true and correct in all material respects (i) as of the Closing Date and (ii) as otherwise specifically provided herein. The representations and warranties of Company set forth in this Agreement that contain a “Material Adverse Effect” qualification or any other express materiality or similar qualification are Transaction Document will be true and correct (a) as on the date of the Closing Date and this Agreement, (b) as of the date of the Disbursement, (c) as otherwise specifically provided herein, and (d) as otherwise provided in the quarterly compliance certificates delivered pursuant to Section 6.4 with the same force and effect as if made on each such date. None Notwithstanding the foregoing, the representations and warranties set forth in Section 4.7.7 shall be true and correct on each such date with respect to all Properties other than (i) any Property acquired by Borrower after the date of this Agreement through foreclosure or any comparable proceeding necessary to protect Borrower’s position on extensions of credit granted prior to the date of this Agreement and (ii) any Property acquired by Borrower after the date of this Agreement that was the subject of a Hazardous Material Claim prior to such acquisition, but has subsequently been fully remediated. All representations, warranties, covenants and agreements made in this Agreement or in any certificate or other document delivered to Purchasers Lender by or on behalf of Company Borrower pursuant to or in connection with this Agreement contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained therein not misleading in light of the circumstances when made and as of the Closing Date. Such representations and warranties shall be deemed to have been relied upon by each Purchaser Lender notwithstanding a PurchaserLender’s review of any documents or materials delivered by Company Borrower to a Purchaser Lender pursuant to the terms hereof and notwithstanding any investigation heretofore or hereafter made by Purchasers Lender or on their its behalf (and Company Borrower hereby acknowledges such reliance by each Purchaser)Lxxxxx in making the Facility and all disbursements thereunder) and, provided that each Purchaser represents that as furthermore, shall survive the making of any or all of the date disbursements of this Agreement it has no actual knowledge that any of Company’s representations or warranties is or might be inaccurate; proceeds under the Facility and the covenants and agreements of Company to the Purchasers that by their nature are to be performed in the future shall continue in full force and effect so as long as they remain unperformedthere remains unperformed any obligations to Lender hereunder or under any of the other Transaction Documents.

Appears in 1 contract

Samples: Subordinated Debenture (Ucbh Holdings Inc)

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Representations and Warranties Generally. The representations and warranties of Company set forth in this Agreement that do not contain a “Material Adverse Effect” qualification or other express materiality or similar qualification are true and correct in all material respects (i) as of the Closing Date and (ii) as otherwise specifically provided herein. The representations and warranties of Company set forth in this Agreement that contain a “Material Adverse Effect” qualification or any other express materiality or similar qualification are Transaction Document will be true and correct (a) as on the date of the Closing Date and this Agreement, (b) as of the date of the Initial Disbursement, (c) as otherwise specifically provided herein. None , and (d) as otherwise provided in the quarterly compliance certificates delivered pursuant to Section 6.4 with the same force and effect as if made on each such date; provided, however, that those representations and warranties that are expressly made as of the date of this Agreement shall not be deemed to be made on a continuing basis through any compliance certificate or in connection with any renewal or conversion of a Borrowing Tranche. All representations, warranties, covenants and agreements made in this Agreement Agreement, the other Transaction Documents or in any certificate or other document delivered to Purchasers Lender by or on behalf of Company Borrower pursuant to or in connection with this Agreement contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained therein not misleading in light of the circumstances when made and as of the Closing Date. Such representations and warranties other Transaction Documents shall be deemed to have been relied upon by each Purchaser Lender pursuant to the terms hereof and notwithstanding a PurchaserLender’s review of any documents or materials delivered by Company Borrower to a Purchaser pursuant to the terms hereof Lender and notwithstanding any investigation heretofore or hereafter made by Purchasers Lender or on their its behalf (and Company Borrower hereby acknowledges such reliance by each PurchaserLender in making the Facility and all disbursements thereunder). All representations, provided that each Purchaser represents that as of the date of this Agreement it has no actual knowledge that any of Company’s representations or warranties is or might be inaccurate; and the warranties, covenants and agreements made in this Agreement, the other Transaction Documents or in any certificate or other document delivered to Lender by or on behalf of Company Borrower pursuant to or in connection with this Agreement or the Purchasers that by their nature are to be performed in other Transaction Documents shall survive the future shall making of any or all of the disbursements of proceeds under the Facility and continue in full force and effect so as long as they remain unperformedthere remains unperformed any obligations to Lender under this Agreement or any of the other Transaction Documents.

Appears in 1 contract

Samples: Subordinated Debenture Purchase Agreement (Independent Bank Corp)

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