Assignor’s Representations. Assignor represents and warrants to and for the benefit of Assignee and Lender that as of the date hereof: (a) The execution, delivery and performance of this Assumption has been duly authorized by the governing authorities of Assignor and no other action of Assignor or any other party related to Assignor is a prerequisite to the execution, delivery and performance of this Assumption. (b) The Loan Documents are in full force and effect. (c) The Loan Documents have not been amended, modified, supplemented or assigned except as set forth herein. (d) There are no defaults nor any events, which with the passage of time or notice, shall constitute a default by Assignor under the Loan Documents. (e) Assignor has no defense as to any of its obligations under the Loan Documents. (f) The representations and warranties contained in the Loan Documents are true, correct and complete as of the date hereof.
Appears in 2 contracts
Sources: Assumption and Modification Agreement, Assumption and Modification Agreement (Global Income Trust, Inc.)