Common use of Warranties for Future Advances Clause in Contracts

Warranties for Future Advances. Each request by Borrower for an Advance under the Credit Facility in any form following the Closing Date shall constitute an automatic representation and warranty by Borrower to the effect that:

Appears in 4 contracts

Samples: Loan and Security Agreement (Fidelity Leasing Inc), Loan and Security Agreement (Resource America Inc), Loan and Security Agreement (Resource America Inc)

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Warranties for Future Advances. Each request by Borrower for an Advance under the Revolving Credit Facility in any form following the Closing Date shall constitute an automatic representation and warranty, the truth and accuracy of such representation and warranty of which shall be a further condition to the funding of each Advance, by Borrower to the effect that:that (without waiving, impairing or limiting the rights of Agent and the Lenders under Section 8 below):

Appears in 2 contracts

Samples: Loan and Security Agreement (Ecc International Corp), Loan and Security Agreement (RCM Technologies Inc)

Warranties for Future Advances. Each request by the Borrower for an Advance or the issuance of a Letter of Credit under the Revolving Credit Facility in any form following the Closing Date shall constitute an automatic representation and warranty, the truth and accuracy of such representation and warranty of which shall be a further condition to the funding of each Advance, by the Borrower to the effect that:that (without waiving, impairing or limiting the rights of the Agent and the Lenders under Section 8 below):

Appears in 2 contracts

Samples: Loan and Security Agreement (RCM Technologies Inc), Loan and Security Agreement (RCM Technologies Inc)

Warranties for Future Advances. Each request by Borrower Borrowers for an Advance under the Credit Facility in any form following the Closing Date shall constitute an automatic representation and warranty by Borrower Borrowers to the effect that:

Appears in 1 contract

Samples: Loan and Security Agreement (Capital Associates Inc)

Warranties for Future Advances. Each request by Borrower for an Advance under the Revolving Credit Facility in any form following the Closing Funding Date shall constitute an automatic representation and warranty by Borrower to the effect thatthat as of the date of such request and after giving effect to the requested Advance:

Appears in 1 contract

Samples: Loan and Security Agreement (Qk Healthcare Inc)

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Warranties for Future Advances. Each request by Borrower Borrowers for an ------------------------------ Advance under the Credit Facility in any form following the Closing Date shall constitute an automatic representation and warranty by Borrower Borrowers to the effect that:

Appears in 1 contract

Samples: Loan and Security Agreement (Bankvest Capital Corp)

Warranties for Future Advances. Each request by any Borrower for an ------------------------------ Advance under the Revolving Credit Facility in any form following the Closing Date shall constitute an automatic representation and warranty, the truth and accuracy of such representation and warranty of which shall be a further condition to the funding of each Advance, by Borrower Borrowers to the effect that:that (without waiving, impairing or limiting the rights of Agent and the Lenders under Section 8 below):

Appears in 1 contract

Samples: Loan and Security Agreement (Telespectrum Worldwide Inc)

Warranties for Future Advances. Each request by Borrower for an Advance under the Credit Facility in any form following the Closing Date shall constitute an automatic representation and warranty by Borrower to the effect that:: (a) There has been no material adverse change in Borrower's operations or condition (financial or otherwise) since the date of delivery of Borrower's most recent Financial Statements;

Appears in 1 contract

Samples: Loan and Security Agreement (Granite Financial Inc)

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