Representations and Warranties of Canadian Borrower. In order to induce each Canadian Lender to enter into this Amendment, Canadian Borrower represents and warrants to each Canadian Lender that: (a) The representations and warranties contained in Article V of the Original Agreement are true and correct at and as of the time of the effectiveness hereof, except to the extent that the facts on which such representations and warranties are based have been changed by the extension of credit under the Canadian Agreement. (b) Canadian Borrower is duly authorized to execute and deliver this Amendment and the other Amendment Documents and is and will continue to be duly authorized to borrow monies and to perform its obligations under the Canadian Agreement. Canadian Borrower has duly taken all corporate action necessary to authorize the execution and delivery of this Amendment and the other Amendment Documents and to authorize the performance of its obligations hereunder and thereunder. (c) The execution and delivery by Canadian Borrower of this Amendment and the other Amendment Documents, the performance by Canadian Borrower of its obligations hereunder and thereunder and the consummation of the transactions contemplated hereby and thereby do not and will not conflict with any provision of law, statute, rule or regulation or of the organizational documents and any unanimous shareholders agreement of Canadian Borrower, or of any material agreement, judgment, license, order or permit applicable to or binding upon Canadian Borrower, or result in the creation of any lien, charge or encumbrance upon any assets or properties of Canadian Borrower. Except for those which have been obtained, no consent, approval, authorization or order of any court or governmental authority or third party is required in connection with the execution and delivery by Canadian Borrower of this Amendment and the other Amendment Documents or to consummate the transactions contemplated hereby and thereby. (d) When duly executed and delivered, each of this Amendment, the Canadian Agreement and the other Amendment Documents will be a legal and binding obligation of Canadian Borrower, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or similar laws of general application relating to the enforcement of creditors' rights and by equitable principles of general application. (e) The audited annual Consolidated financial statements of US Borrower dated as of December 31, 1999 and the unaudited quarterly Consolidated financial statements of US Borrower dated as of September 30, 2000 fairly present the Consolidated financial position at such dates and the Consolidated statement of operations and the changes in Consolidated financial position for the periods ending on such dates for US Borrower. Copies of such financial statements have heretofore been delivered to each Canadian Lender. Since such dates no material adverse change has occurred in the financial condition or businesses or in the Consolidated financial condition or businesses of US Borrower.
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Representations and Warranties of Canadian Borrower. In order to induce each Canadian Lender to enter into this Amendment, Canadian Borrower represents and warrants to each Canadian Lender that:
(a) The representations and warranties contained in Article V of the Original Agreement are true and correct at and as of the time of the effectiveness hereof, except to the extent that the facts on which such representations and warranties are based have been changed by the extension of credit under the Canadian Agreement.
(b) Canadian Borrower is duly authorized to execute and deliver this Amendment and the other Amendment Documents and is and will continue to be duly authorized to borrow monies and to perform its obligations under the Canadian Agreement. Canadian Borrower has duly taken all corporate action necessary to authorize the execution and delivery of this Amendment and the other Amendment Documents and to authorize the performance of its the obligations hereunder and thereunderof Canadian Borrower hereunder.
(c) The execution and delivery by Canadian Borrower of this Amendment and the other Amendment DocumentsAmendment, the performance by Canadian Borrower of its obligations hereunder and thereunder and the consummation of the transactions contemplated hereby and thereby do not and will not (i) conflict with any provision of law(A) any Law, statute, rule or regulation or of (B) the organizational documents and any unanimous shareholders agreement of Canadian Borrower, or of (C) any material agreement, judgment, license, order or permit applicable to or binding upon Canadian BorrowerBorrower unless such conflict would not reasonably be expected to have a Material Adverse Effect, or (ii) result in or require the creation of any lien, charge or encumbrance Lien upon any assets or properties of Canadian BorrowerBorrower which would reasonably be expected to have a Material Adverse Effect, except as expressly contemplated or permitted in the Loan Documents. Except for those which have been obtained, as expressly contemplated in the Loan Documents no consent, approval, authorization or order of of, and no notice to or filing with, any court or governmental authority Tribunal or third party is required in connection with the execution and execution, delivery or performance by Canadian Borrower of this Amendment and the other Amendment Documents or to consummate the any transactions contemplated hereby and therebyby this Amendment, unless failure to obtain such consent would not reasonably be expected to have a Material Adverse Effect.
(d) When duly executed and delivered, each of this Amendment, Amendment and the Canadian Agreement and the other Amendment Documents will be a legal and binding obligation of Canadian Borrower, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or similar laws of general application relating to the enforcement of creditors' rights and by equitable principles of general application.
(e) The audited annual Consolidated financial statements of US Borrower dated as of December 31, 1999 2000 and the unaudited quarterly Consolidated financial statements of US Borrower dated as of September June 30, 2000 2001 fairly present the Consolidated financial position at such dates and the Consolidated statement of operations and the changes in Consolidated financial position for the periods ending on such dates for US Borrower. Copies of such financial statements have heretofore been delivered to each Canadian Lender. Since such dates no material Sixth Amendment to Canadian Credit Agreement adverse change has occurred in the financial condition or businesses or in the Consolidated financial condition or businesses of US Borrower.
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Representations and Warranties of Canadian Borrower. In order to induce each Canadian Lender to enter into this Amendment, Canadian Borrower represents and warrants to each Canadian Lender that:
(a) The representations and warranties contained in Article V of the Original Agreement are true and correct at and as of the time of the effectiveness hereof, except to the extent that the facts on which such representations and warranties are based have been changed by the extension of credit under the Canadian Agreement.
(b) Canadian Borrower is duly authorized to execute and deliver this Amendment and the other Amendment Documents and is and will continue to be duly authorized to borrow monies and to perform its obligations under the Canadian Agreement. Canadian Borrower has duly taken all corporate action necessary to authorize the execution and delivery of this Amendment and the other Amendment Documents and to authorize the performance of its the obligations hereunder and thereunderof Canadian Borrower hereunder.
(c) The execution and delivery by Canadian Borrower of this Amendment and the other Amendment DocumentsAmendment, the performance by Canadian Borrower of its obligations hereunder and thereunder and the consummation of the transactions contemplated hereby and thereby do not and will not (i) conflict with any provision of law(A) any Law, statute, rule or regulation or of (B) the organizational documents and any unanimous shareholders agreement of Canadian Borrower, or of (C) any material agreement, judgment, license, order or permit applicable to or binding upon Canadian BorrowerBorrower unless such conflict would not reasonably be expected to have a Material Adverse Effect, or (ii) result in or require the creation of any lien, charge or encumbrance Lien upon any assets or properties of Canadian BorrowerBorrower which would reasonably be expected to have a Material Adverse Effect, except as expressly contemplated or permitted in the Loan Documents. Except for those which have been obtained, as expressly contemplated in the Loan Documents no consent, approval, authorization or order of of, and no notice to or filing with, any court or governmental authority Tribunal or third party is required in connection with the execution and execution, delivery or performance by Canadian Borrower of this Amendment and the other Amendment Documents or to consummate the any transactions contemplated hereby and therebyby this Amendment, unless failure to obtain such consent would not reasonably be expected to have a Material Adverse Effect.
(d) When duly executed and delivered, each of this Amendment, Amendment and the Canadian Agreement and the other Amendment Documents will be a legal and binding obligation of Canadian Borrower, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or similar laws of general application relating to the enforcement of creditors' rights and by equitable principles of general application.
(e) The audited annual Consolidated financial statements of US Borrower dated as of December 31, 1999 2000 and the unaudited quarterly Consolidated financial statements of US Borrower dated as of September June 30, 2000 2001 fairly present the Consolidated financial position at such dates and the Consolidated statement of operations and the changes in Consolidated financial position for the periods ending on such dates for US Borrower. Copies of such financial Fifth Amendment to Canadian Credit Agreement statements have heretofore been delivered to each Canadian Lender. Since such dates no material adverse change has occurred in the financial condition or businesses or in the Consolidated financial condition or businesses of US Borrower.
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Representations and Warranties of Canadian Borrower. In order to induce each Canadian Lender to enter into this Amendment, Canadian Borrower represents and warrants to each Canadian Lender that:
(a) The representations and warranties contained in Article V of the Original Agreement are true and correct at and as of the time of the effectiveness hereof, except to the extent that the facts on which such representations and warranties are based have been changed by the extension of credit under the Canadian Agreement.
(b) Canadian Borrower is duly authorized to execute and deliver this Amendment and the other Amendment Documents and is and will continue to be duly authorized to borrow monies and to perform its obligations under the Canadian Agreement. Canadian Borrower has duly taken all corporate action necessary to authorize the execution and delivery of this Amendment and the other Amendment Documents and to authorize the performance of its the obligations hereunder and thereunderof Canadian Borrower hereunder.
(c) The execution and delivery by Canadian Borrower of this Amendment and the other Amendment DocumentsAmendment, the performance by Canadian Borrower of its obligations hereunder and thereunder and the consummation of the transactions contemplated hereby and thereby do not and will not (i) conflict with any provision of law(A) any Law, statute, rule or regulation or of (B) the organizational documents and any unanimous shareholders agreement of Canadian Borrower, or of (C) any material agreement, judgment, license, order or permit applicable to or binding upon Canadian BorrowerBorrower unless such conflict would not reasonably be expected to have a Material Adverse Effect, or (ii) result in or require the creation of any lien, charge or encumbrance Lien upon any assets or properties of Canadian BorrowerBorrower which would reasonably be expected to have a Material Adverse Effect, except as expressly contemplated or permitted in the Loan Documents. Except for those which have been obtained, as expressly contemplated in the Loan Documents no consent, approval, authorization or order of of, and no notice to or filing with, any court or governmental authority Tribunal or third party is required in connection with the execution and execution, delivery or performance by Canadian Borrower of this Amendment and the other Amendment Documents or to consummate the any transactions contemplated hereby and therebyby this Amendment, unless failure to obtain such consent would not reasonably be expected to have a Material Adverse Effect.
(d) When duly executed and delivered, each of this Amendment, Amendment and the Canadian Agreement and the other Amendment Documents will be a legal and binding obligation of Canadian Borrower, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or similar laws of general application relating to the enforcement of creditors' rights and by equitable principles of general application.
(e) The audited annual Consolidated financial statements of US Borrower dated as of December 31, 1999 2000 and the unaudited quarterly Consolidated financial statements of US Borrower dated as of September 30March 31, 2000 2001 fairly present the Consolidated financial position at such dates and the Consolidated statement of operations and the changes in Consolidated financial position for the periods ending on such dates for US Borrower. Copies of such financial statements have heretofore been delivered to each Canadian Lender. Since such dates no material adverse change has occurred in the financial condition or businesses or in the Consolidated financial condition or businesses of US Borrower.
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