Common use of Representations and Warranties True; Absence of Defaults Clause in Contracts

Representations and Warranties True; Absence of Defaults. Each of the representations and warranties made by or on behalf of Lessee under the Operative Agreements shall be true on and as of each Delivery Date, and no Incipient Default or Event of Default shall have occurred and be continuing on and as of each Delivery Date.

Appears in 2 contracts

Samples: Participation Agreement (Consolidated Freightways Corp), Participation Agreement (Yellow Roadway Corp)

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Representations and Warranties True; Absence of Defaults. Each of the representations and warranties made by or on behalf of Lessee under the Operative Agreements shall be true on and as of each Delivery the Effective Date, and no Incipient Default or Event of Default shall have occurred and be continuing on and as of each Delivery the Effective Date.

Appears in 1 contract

Samples: Participation Agreement (Consolidated Freightways Corp)

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Representations and Warranties True; Absence of Defaults. Each of the representations and warranties made by or on behalf of Lessee and Guarantor under the Operative Agreements shall be true on and as of the Documentation Date and each Delivery Date, and no Incipient Default or Event of Default shall have occurred and be continuing on and as of the Documentation Date and each Delivery Date.

Appears in 1 contract

Samples: Participation Agreement (Weatherford International Inc /New/)

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