Common use of BORROWER REPRESENTATIONS AND WARRANTIES Clause in Contracts

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the Lenders: 4.1 No Event of Default or Unmatured Event of Default has occurred and is continuing. 4.2 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent. 4.3 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date. 4.4 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein. 4.5 The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 4 contracts

Sources: Modification Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Modification Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Modification Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the Lenders: 4.1 No Event of Default or Unmatured Event of Default has occurred and is continuingexists under the Loan Documents. 4.2 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent. 4.3 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date. 4.4 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein. 4.5 The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 3 contracts

Sources: Modification Agreement (Cole Credit Property Trust V, Inc.), Modification Agreement (Cole Credit Property Trust V, Inc.), Modification Agreement (Cole Credit Property Trust V, Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the Lenders: 4.1 No Event of Default or Unmatured Event of Default has occurred and is continuing. 4.2 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with member of the Loan Consolidated Group from the most recent financial statement received by Administrative Agent. 4.3 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date. 4.4 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified hereinDocuments. 4.5 The All Equity Interests encumbered by the Collateral Assignment Agreement, (i) are general intangibles under the Uniform Commercial Code as adopted in the States of Delaware and New York, and (ii) are book entry and there are no certificates issued or outstanding with respect thereto. 4.6 This Agreement and the Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 4.7 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified hereinDocuments. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 3 contracts

Sources: Modification Agreement (Cole Office & Industrial REIT (CCIT II), Inc.), Modification Agreement (Cole Office & Industrial REIT (CCIT II), Inc.), Modification Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the Lenders: 4.1 5.1 No Event of Default or Unmatured Event of Default has occurred and is continuing. 4.2 5.2 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent. 4.3 5.3 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date. 4.4 5.4 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein. 4.5 5.5 The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 5.6 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 2 contracts

Sources: Modification and Lender Joinder Agreement (Cole Credit Property Trust Iv, Inc.), Modification Agreement (Cole Credit Property Trust Iv, Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the Lenders: 4.1 5.1 No Event of Default or Unmatured Event of Default has occurred and is continuingexists under the Loan Documents. 4.2 5.2 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent. 4.3 5.3 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date. 4.4 5.4 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein. 4.5 5.5 The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 5.6 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 2 contracts

Sources: Modification and Lender Joinder Agreement (Cole Office & Industrial REIT (CCIT II), Inc.), Modification and Lender Joinder Agreement (Cole Credit Property Trust V, Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the Lenders: 4.1 5.1 No Event of Default or Unmatured Event of exists under the Loan Documents; 5.2 After giving effect to the modifications in this Agreement, no Default has occurred and is continuing.will exist under the Loan Documents; 4.2 5.3 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent. 4.3 5.4 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date. 4.4 5.5 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein. 4.5 5.6 The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 5.7 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 1 contract

Sources: Modification Agreement (Cole Credit Property Trust Iv, Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the Lenders: 4.1 No Event of Default or Unmatured Event of Default has occurred and is continuing.exists under the Loan Documents; 4.2 After giving effect to the modifications in this Agreement, no Default will exist under the Loan Documents; 4.3 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with member of the Loan Consolidated Group from the most recent financial statement received by Administrative Agent. 4.3 4.4 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date. 4.4 4.5 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein. 4.5 4.6 The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 4.7 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 1 contract

Sources: Modification Agreement (Cole Office & Industrial REIT (CCIT III), Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the LendersLender: 4.1 No Event of Default or Unmatured Event of Default has occurred and is continuingexists under the Loan Documents. 4.2 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent. 4.3 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date. 4.4 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein. 4.5 The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 1 contract

Sources: Modification Agreement (Cole Credit Property Trust V, Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the Lenders: 4.1 No Event of Default or Unmatured Event of Default has occurred and is continuingexists under the Loan Documents. 4.2 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent. 4.3 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date.. QB\27846050.3 4.4 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein. 4.5 The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 1 contract

Sources: Modification Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the Lenders: 4.1 No Event of Default or Unmatured Event of Default has occurred and is continuing. 4.2 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent. 4.3 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date. 4.4 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein. 4.5 The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 1 contract

Sources: Modification Agreement (Cole Credit Property Trust Iv, Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the Lenders: 4.1 No Event of Default or Unmatured Event of Default has occurred and is continuingexists under the Loan Documents. 4.2 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent. 4.3 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date. 4.4 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein. 4.5 The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by QB\▇▇▇▇▇▇▇▇.7 bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 1 contract

Sources: Modification Agreement (Cole Credit Property Trust V, Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Administrative Agent and the Lenders: 4.1 No Event of Default or Unmatured Event of Default has occurred and is continuing. 4.2 There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent. 4.3 All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date. 4.4 As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified hereinDocuments. 4.5 The This Agreement and the Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by QB\▇▇▇▇▇▇▇▇.4 bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application. 4.6 Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified hereinDocuments. The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

Appears in 1 contract

Sources: Accordion Increase Agreement (Cole Office & Industrial REIT (CCIT II), Inc.)

BORROWER REPRESENTATIONS AND WARRANTIES. The Borrower represents and warrants to Administrative Agent the Bank that each of the representations and warranties made in the Note and the Lendersother Related Documents and each of the following representations and warranties are true and correct as of the date hereof: 4.1 6.1 No default, Event of Default or Unmatured event that would constitute an Event of Default but for the giving of notice, the lapse of time or both, has occurred and is continuing. 4.2 There has been no material adverse change in continuing under any provision of the financial condition of Borrower Note, as modified by this agreement, or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative AgentRelated Document. 4.3 All representations and warranties made by Borrower and set forth 6.2 No event has occurred which may in any one case or in the Loan Documents are true aggregate materially adversely affect it or any of its Subsidiaries’ financial condition, properties, business, affairs or operations, other than litigation, claims, or other events, if any, that have been disclosed to and correct acknowledged by the Bank in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respectswriting. 6.3 The Note, as of such earlier date. 4.4 As of modified by this agreement, and the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan other Related Documents as modified herein. 4.5 The Loan Documents as modified herein are the legal, valid, and binding obligation obligations of Borrowerthe Borrower and the other parties, enforceable against the Borrower and other parties in accordance with their terms, subject to or except as may be limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, insolvency or other similar laws relating to or affecting the enforcement of creditors' rights of creditors generally and by equitable general principles of general applicationequity. 4.6 6.4 The Borrower is validly existing under the laws of the State of its formation or organization and incorporation. The Borrower has the requisite power and authority to execute and deliver this Agreement agreement and to perform the Loan obligations described in the Related Documents as modified herein. The execution and delivery of this Agreement agreement and the performance of the Loan obligations described in the Related Documents as modified herein have been duly authorized by all requisite action by or on behalf of the Borrower. This Agreement agreement has been duly executed and delivered by or on behalf of the Borrower.

Appears in 1 contract

Sources: First Note Modification Agreement (Bsquare Corp /Wa)