Representations and Warranties of Lessees Sample Clauses

Representations and Warranties of Lessees. Each Lessee hereby severally, but not jointly, represents and warrants to each Lessor that is a party to each of the Leases executed by such Lxxxxx, as follows:

Representations and Warranties of Lessees. Each Lessee ----------------------------------------- represents and warrants to each of the other parties hereto that: (a) It is a corporation duly organized, validly existing and in good standing under the laws of the state of its incorporation, and has all requisite corporate power and authority to operate and own or hold under lease the properties it purports to operate and own or hold under lease, to transact the business it transacts and to otherwise enter into and perform its obligations under each Operative Document to which it is or will be a party. Such Lessee is duly qualified to do business as a foreign corporation and in good standing in each jurisdiction wherein the failure to do so would have a material adverse effect, in the case of STLC, on the conduct of its business and operations as presently conducted or on the ability of STLC to perform its obligations under the Operative Documents and Xxxxxx Agreements to which it is a party and, in the case of GMHE, on the financial condition or operations of GMHE and its subsidiaries taken as a whole or on the ability of GMHE to perform its obligations under the Operative Documents and Xxxxxx Agreements to which it is a party. (b) Each Operative Document and Xxxxxx Agreement to which such Lessee is or will be a party has been duly authorized by all necessary corporate action on the part of, and has been or on or prior to the Delivery Date will be duly executed and delivered by, such Lessee and neither the execution and delivery thereof, nor the consummation by it of the transactions contemplated thereby (including, without limitation, the operation of the Transponders), nor compliance by such Lessee with any of the terms and provisions thereof (i) requires any approval of stockholders or approval or consent of any trustee or holders of any of its indebtedness or obligations; (ii) contravenes any law, judgment, governmental rule or regulation or order applicable to or binding on it or any of its properties, the contravention of which would have a material adverse effect on the conduct of its business and operations as presently conducted or the performance of its obligations under the Operative Documents and the Xxxxxx Agreements to which it is a party; (iii) contravenes or results in any breach of, or constitutes any default under, any indenture, mortgage, chattel mortgage, deed of trust, conditional sales contract, bank loan or credit agreement for borrowed money, contract or other agreement or in...

Representations and Warranties of Lessees. As of the date hereof and the Delivery Date, each Lessee makes the representations and warranties set forth in this Section 12.1 to each of the other parties hereto.

Representations and Warranties of Lessees. Each Lessee hereby represents and warrants to Lessor that on the date hereof, on each Closing Date and throughout the Lease Term:

Representations and Warranties of Lessees. Lessees hereby reconfirm each of the representations and warranties set forth in Section 3 of the Credit Agreement.