Common use of Representations and Warranties; No Defaults Clause in Contracts

Representations and Warranties; No Defaults. The following statements shall be true on the date of such Loans or Issuance, both before and after giving effect thereto and, in the case of any Loan, to the application of the proceeds therefrom: (i) the representations and warranties set forth in Article IV and in the other Loan Documents that have no materiality or Material Adverse Effect qualification shall be true and correct in all material respects and the representations and warranties set forth in Article IV and in the other Loan Documents that have a materiality or Material Adverse Effect qualification shall be true and correct in all respects, in each case with the same effect as though made on and as of such date or, to the extent such representations and warranties expressly relate to an earlier date, as of such earlier date; and (ii) no Default or Event of Default shall have occurred and be continuing or shall occur as a result of such Loan or Issuance or from the application of proceeds thereof.

Appears in 5 contracts

Samples: Superpriority Senior Secured Debtor in Possession Credit Agreement (McDermott International Inc), Credit Agreement (McDermott International Inc), Superpriority Senior Secured Credit Agreement (McDermott International Inc)

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Representations and Warranties; No Defaults. The following statements shall be true on the date of such Loans Loan or Issuance, both before and after giving effect thereto and, in the case of any Loan, to the application of the proceeds therefromthereof: (i) the representations and warranties set forth in Article IV (Representations and Warranties) and in the other Loan Documents that have no materiality or Material Adverse Effect qualification shall be true and correct on and as of the Effective Date and shall be true and correct in all material respects (except that any representation and the representations and warranties set forth in Article IV and in the other Loan Documents warranty that have a materiality is qualified as to “materiality” or Material Adverse Effect qualification Effect” shall be true and correct in all respects, in each case ) on and as of any such date after the Effective Date with the same effect as though made on and as of such date ordate, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date; and (ii) no Default or Event of Default shall have occurred and be continuing or shall occur as a result of such Loan or Issuance or from the application of proceeds thereofcontinuing.

Appears in 2 contracts

Samples: Credit Agreement (Tekni Plex Inc), Credit Agreement (Tekni Plex Inc)

Representations and Warranties; No Defaults. The following statements shall be true on the date of such Loans Loan or Issuance, both before and after giving effect thereto and, in the case of any Loan, to the application of the proceeds therefromthereof: (i) the representations and warranties set forth in Article ARTICLE IV (REPRESENTATIONS AND WARRANTIES) and in the other Loan Documents that have no materiality or Material Adverse Effect qualification shall be true and correct on and as of the Closing Date and shall be true and correct in all material respects on and as of any such date after the representations and warranties set forth in Article IV and in the other Loan Documents that have a materiality or Material Adverse Effect qualification shall be true and correct in all respects, in each case Closing Date with the same effect as though made on and as of such date ordate, except to the extent such representations and warranties expressly CREDIT AGREEMENT PRESTIGE BRANDS, INC. relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date; and (ii) no Default or Event of Default shall have occurred and be continuing or shall occur as a result of such Loan or Issuance or from the application of proceeds thereofcontinuing.

Appears in 1 contract

Samples: Credit Agreement (Prestige Brands International, Inc.)

Representations and Warranties; No Defaults. The following statements shall be true on the date of such Loans Loan or Issuance, both before and after giving effect thereto and, in the case of any Loan, to the application of the proceeds therefromthereof: (i) the representations and warranties set forth in Article IV (Representations and Warranties) and in the other Loan Documents that have no materiality or Material Adverse Effect qualification shall be true and correct on and as of the Closing Date and shall be true and correct in all material respects (except that any representation and the representations and warranties set forth in Article IV and in the other Loan Documents warranty that have a materiality is qualified as to “materiality” or Material Adverse Effect qualification Effect” shall be true and correct in all respects, in each case ) on and as of any such date after the Closing Date with the same effect as though made on and as of such date ordate, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date; and (ii) no Default or Event of Default shall have occurred and be continuing or shall occur as a result of such Loan or Issuance or from the application of proceeds thereofcontinuing.

Appears in 1 contract

Samples: Credit Agreement (Tekni Plex Inc)

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Representations and Warranties; No Defaults. The following statements shall be true on the date of such Loans Loan or Issuance, both before and after giving effect thereto and, in the case of any Loan, to the application of the proceeds therefrom: (i) the representations and warranties set forth in Article IV (Representations and Warranties) and in the other Loan Documents that have no materiality or Material Adverse Effect qualification shall be true and correct on and as of the Closing Date and shall be true and correct in all material respects on and as of any such date after the representations and warranties set forth in Article IV and in the other Loan Documents that have a materiality or Material Adverse Effect qualification shall be true and correct in all respects, in each case Closing Date with the same effect as though made on and as of such date ordate, except to the extent such representations and warranties expressly SECOND AMENDED AND RESTATED CREDIT AGREEMENT AVIALL SERVICES, INC. relate to an earlier date, in which case such representation and warranties shall have been true and correct in all material respects as of such earlier date; and (ii) no Default or Event of Default shall have occurred and be continuing or shall occur as a result of such Loan or Issuance or from the application of proceeds thereofcontinuing.

Appears in 1 contract

Samples: Credit Agreement (Aviall Inc)

Representations and Warranties; No Defaults. The following statements shall be true on the date of such the Term Loans or such Issuance, both before and after giving effect thereto and, in the case of any Loanthe Term Loans, to the application of the proceeds therefrom: (i) : the representations and warranties set forth in Article IV and in the other Loan Documents that have no materiality or Material Adverse Effect qualification shall be true and correct in all material respects and the representations and warranties set forth in Article IV and in the other Loan Documents that have a materiality or Material Adverse Effect qualification shall be true and correct in all respects, in each case with the same effect as though made on and as of such date or, to the extent such representations and warranties expressly relate to an earlier date, as of such earlier date; and (ii) and no Default or Event of Default shall have occurred and be continuing or shall occur as a result of such Loan or Issuance or from the application of proceeds thereofcontinuing.

Appears in 1 contract

Samples: Credit Agreement (McDermott International Inc)

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