Common use of Representations, Warranties and Acknowledgement of the New Agent Clause in Contracts

Representations, Warranties and Acknowledgement of the New Agent. The New Agent represents and warrants to each other Agent and to the Secured Parties that (a) it has full power and authority to enter into this Joinder Agreement, in its capacity as an [ABL Collateral Agent]/[Fixed Asset Collateral Agent] with respect to the [ABL Obligations] [Fixed Asset Obligations] represented by it (b) this Joinder Agreement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of this Joinder Agreement and (c) the [ABL Loan Documents] [Fixed Asset Documents] relating to such [ABL Obligations] [Fixed Asset Obligations] provide that, upon the New Agent’s entry into this Joinder Agreement, the Claimholders in respect of such [ABL Obligations] [Fixed Asset Obligations] will be subject to and bound by the provisions of the ABL Intercreditor Agreement.

Appears in 2 contracts

Samples: Term Loan Credit Agreement, Term Loan Credit Agreement (Staples Inc)

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Representations, Warranties and Acknowledgement of the New Agent. The New Agent represents and warrants to each other Agent and to the Secured Parties Claimholders that (a) it has full power and authority to enter into this Joinder Agreement, in its capacity as an [ABL Collateral Agent]/[Fixed Agent][Fixed Asset Collateral Agent] with respect to the [ABL Obligations] [Fixed Asset Obligations] represented by it (b) this Joinder Agreement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of this Joinder Agreement and (c) the [ABL Loan Documents] [Fixed Asset Loan Documents] relating to such [ABL Obligations] [Fixed Asset Obligations] provide that, upon the New Agent’s entry into this Joinder Agreement, the Claimholders in respect of such [ABL Obligations] [Fixed Asset Obligations] will be subject to and bound by the provisions of the ABL Intercreditor Agreement.

Appears in 1 contract

Samples: Credit Agreement (Capella Healthcare, Inc.)

Representations, Warranties and Acknowledgement of the New Agent. The New Agent represents and warrants to each other Agent and to the Secured Parties Claimholders that (a) it has full power and authority to enter into this Joinder Agreement, in its capacity as an [ABL Collateral Agent]/[Fixed Asset Collateral Agent] with respect to the [ABL Obligations] [Fixed Obligations]/[Fixed Asset Obligations] represented by it it, (b) this Joinder Agreement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of this Joinder Agreement and (c) the [ABL Loan Documents] [Fixed Documents]/[Fixed Asset Documents] relating to such [ABL Obligations] [Fixed Obligations]/[Fixed Asset Obligations] provide that, upon the New Agent’s entry into this Joinder Agreement, the Claimholders in respect of such [ABL Obligations] [Fixed Obligations]/[Fixed Asset Obligations] will be subject to and bound by the provisions of the ABL Intercreditor Agreement.

Appears in 1 contract

Samples: Term Loan Credit and Guaranty Agreement (Fairmount Santrol Holdings Inc.)

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Representations, Warranties and Acknowledgement of the New Agent. The New Agent represents and warrants to each other Agent and to the Secured Parties that (a) it has full power and authority to enter into this Joinder Agreement, in its capacity as an [ABL Collateral Agent]/[Fixed Asset Collateral Agent] the Agent with respect to the [ABL Other Pari Passu Lien Obligations] [Fixed Asset Refinancing Obligations] represented by it [existing First Lien Obligations] [existing Second Lien Obligations], (b) this Joinder Agreement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of this Joinder Agreement and (c) the [ABL Loan First Lien Documents] [Fixed Asset Second Lien Documents] relating to such [ABL Other Pari Passu Lien Obligations] [Fixed Asset Refinancing Obligations] [existing First Lien Obligations] [existing Second Lien Obligations] provide that, upon the New Agent’s entry into this Joinder Agreement, the Claimholders secured parties in respect of such [ABL Other Pari Passu Lien Obligations] [Fixed Asset Refinancing Obligations] [existing First Lien Obligations] [existing Second Lien Obligations] will be subject to and bound by the provisions of the ABL Intercreditor Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (PRETIUM CANADA Co)

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