Representations of the Loan Parties. Each Loan Party represents and warrants that, as of the date hereof: (a) the representations and warranties set forth in the Loan Documents are true and correct in all material respects (or in all respects where qualified by materiality or Material Adverse Effect) on and as of the Fourth Amendment Effective Date after giving effect hereto with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); (b) no Default or Event of Default shall exist immediately prior to or after giving effect to the transactions contemplated hereunder; (c) each Loan Party has all requisite power and authority to execute, deliver and perform its obligations under this Agreement and to carry out the transactions contemplated hereby; (d) the execution, delivery and performance of this Agreement has been duly authorized by all necessary corporate action or other organizational action on the part of each Loan Party that is a party hereto; and (e) this Agreement has been duly executed and delivered by each Loan Party that is party hereto or thereto, as applicable. Each Loan Document constitutes a legal, valid and binding obligation of each Loan Party that is party thereto, enforceable against each such Loan Party in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws, by general principles of equity and principles of good faith and fair dealing generally applicable to entities such as the Loan Parties.
Appears in 1 contract
Samples: Credit Agreement (Superior Industries International Inc)
Representations of the Loan Parties. Each Loan Party party hereto hereby represents and warrants that, to the other parties hereto on and as of the date hereofFifth Amendment Effective Date that:
(a) the representations and warranties set forth in the Loan Documents are true and correct in all material respects (or in all respects where qualified by materiality or Material Adverse Effect) on and as of the Fourth this Amendment Effective Date after giving effect hereto with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date);
(b) no Default or Event of Default shall exist immediately prior to or after giving effect to the transactions contemplated hereunder;
(c) each Loan Party has all requisite power and authority to execute, deliver and perform its obligations under this Agreement and to carry out the transactions contemplated hereby;
(d) the execution, delivery and performance of this Agreement has been duly authorized by all necessary corporate action or other organizational action on the part of each Loan Party that is a party hereto; and
(e) this Agreement has been duly authorized, executed and delivered by each such Loan Party that is party hereto or thereto, as applicable. Each Loan Document and constitutes a legal, valid and binding obligation of each such Loan Party that is party thereto, enforceable against each such Loan Party in accordance with its terms, except as such enforceability may be limited by Debtor Relief Lawssubject to (i) the effects of bankruptcy, by insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity and principles (regardless of whether such enforceability is considered in a proceeding in equity or at law), (iii) implied covenants of good faith and fair dealing generally applicable dealing, (iv) any foreign laws, rules and regulations as they relate to entities such pledges of Equity Interests of Foreign Subsidiaries that are not Loan Parties and (v) any other matters which are set out as qualifications or reservations as to matters of law of general application in any legal opinion supplied to the Administrative Agent; and
(b) the representations and warranties of each Loan Party set forth in the Loan PartiesDocuments shall be true and correct in all material respects (or, in the case of representations and warranties qualified as to materiality or Material Adverse Effect, in all respects) on and as of the Fifth Amendment Effective Date, except in the case of any such representation and warranty that expressly relates to a prior date, in which case such representation and warranty shall be true and correct in all material respects (or in all respects, as applicable) as of such earlier date.
Appears in 1 contract
Representations of the Loan Parties. Each Loan Party represents and warrants that, as of the date hereof:
(a) the representations and warranties of the Loan Parties set forth in the Loan Documents are true and correct in all material respects (or in all respects where qualified by materiality or Material Adverse Effect) on and as of the Fourth Fifth Amendment Effective Date after giving effect hereto with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date);
(b) no Default or Event of Default shall exist immediately prior to or after giving effect to the transactions contemplated hereunder;
(c) each Loan Party has all requisite power and authority to execute, deliver and perform its obligations under this Agreement and to carry out the transactions contemplated hereby;
(d) the execution, delivery and performance of this Agreement has been duly authorized by all necessary corporate action or other organizational action on the part of each Loan Party that is a party hereto; and
(e) this Agreement has been duly executed and delivered by each Loan Party that is party hereto or thereto, as applicable. Each Loan Document constitutes a legal, valid and binding obligation of each Loan Party that is party thereto, enforceable against each such Loan Party in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws, by general principles of equity and principles of good faith and fair dealing generally applicable to entities such as the Loan Parties.
Appears in 1 contract
Samples: Credit Agreement (Superior Industries International Inc)
Representations of the Loan Parties. Each Loan Party party hereto hereby represents and warrants that, as of to the date hereof:
(a) the representations and warranties set forth in the Loan Documents are true and correct in all material respects (or in all respects where qualified by materiality or Material Adverse Effect) other parties hereto on and as of the Fourth Amendment Effective Date after giving effect hereto with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date);that:
(ba) no Default or Event of Default shall exist immediately prior to or after giving effect to the transactions contemplated hereunder;
(c) each Loan Party has all requisite power and authority to execute, deliver and perform its obligations under this Agreement and to carry out the transactions contemplated hereby;
(d) the execution, delivery and performance of this Agreement Amendment has been duly authorized by all necessary corporate action or other organizational action on the part of each Loan Party that is a party hereto; and
(e) this Agreement has been duly authorized, executed and delivered by each such Loan Party that is party hereto or thereto, as applicable. Each Loan Document and constitutes a legal, valid and binding obligation of each such Loan Party that is party thereto, enforceable against each such Loan Party in accordance with its terms, except as such enforceability may be limited by Debtor Relief Lawssubject to (i) the effects of bankruptcy, by insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity and principles (regardless of whether such enforceability is considered in a proceeding in equity or at law), (iii) implied covenants of good faith and fair dealing generally applicable dealing, (iv) any foreign laws, rules and regulations as they relate to entities such pledges of Equity Interests of Foreign Subsidiaries that are not Loan Parties and (v) any other matters which are set out as qualifications or reservations as to matters of law of general application in any legal opinion supplied to the Administrative Agent; and
(b) the representations and warranties of each Loan Party set forth in the Loan PartiesDocuments shall be true and correct in all material respects (or, in the case of representations and warranties qualified as to materiality or Material Adverse Effect, in all respects) on and as of the Fourth Amendment Effective Date, except in the case of any such representation and warranty that expressly relates to a prior date, in which case such representation and warranty shall be true and correct in all material respects (or in all respects, as applicable) as of such earlier date.
Appears in 1 contract