Representations and Warranties in Basic Documents Sample Clauses
The "Representations and Warranties in Basic Documents" clause establishes that the parties confirm the truth and accuracy of certain statements and assurances made in foundational agreements related to the transaction. This clause typically requires each party to affirm that all information provided in documents such as loan agreements, purchase contracts, or disclosure schedules is correct and complete as of a specified date. Its core practical function is to allocate risk by ensuring that all parties rely on accurate information, thereby providing a basis for legal recourse if any misrepresentations or inaccuracies are later discovered.
Representations and Warranties in Basic Documents. The Depositor’s representations and warranties in the Basic Documents to which it is or will be a party will be true and correct in all material respects as of the date stated.
Representations and Warranties in Basic Documents. All representations and warranties set forth in the other Basic Documents were (with respect to representations and warranties of parties other than the Loan Parties, to the knowledge of the Borrowers) true and correct in all material respects as of the time such representations and warranties were made and shall be true and correct in all material respects as of the Original Closing Date and the Safeline Closing Date, as the case may be, as if such representations and warranties were made on and as of such date, unless stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date.