Common use of Representations and Warranties of Obligors Clause in Contracts

Representations and Warranties of Obligors. On each Funding Date, all representations and warranties of each Borrower and of the Guarantor set forth in Article IV hereof shall be true and correct in all material respects on and as of such Funding Date, both before and after giving effect to any Borrowing to be made on such date and to the application of the proceeds therefrom as though made on and as of such date (except to the extent such representations and warranties by their terms expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date).