Common use of Borrower's Representation and Warranties Clause in Contracts

Borrower's Representation and Warranties. Borrowers represent and warrant the following and such representations and warranties shall survive the making of this Second Amendment: a. as of the date hereof no Event of Default or Unmatured Event of Default has occurred or is existing under the Loan Documents; b. except as otherwise previously disclosed to Agent, Co-Agents and/or Lenders in writing, the representations and warranties made in the Loan Agreement are true and correct as of the date hereof; c. the execution and delivery by each Borrower of this Second Amendment and performance by it of the transactions herein contemplated (i) are and will be within its powers, (ii) have been authorized by all necessary corporate action, and (iii) are not and will not be in contravention of any order of any court or other agency of government, of law or any other indenture, agreement or undertaking to which such Borrower is a party or by which the property of such Borrower is bound, or be in conflict with, result in a breach of or constitute (with due notice and/or lapse of time) a default under any such indenture, agreement or undertaking or result in the imposition of any lien, charge or encumbrance of any nature on any of the properties of such Borrower; and d. this Second Amendment, and each other agreement, instrument or document executed and/or delivered in connection herewith, shall be valid, binding and enforceable in accordance with its respective terms.

Appears in 1 contract

Sources: Senior Loan and Security Agreement (Interpool Inc)

Borrower's Representation and Warranties. Borrowers represent and warrant the following and such representations and warranties shall survive the making of this Second Fourth Amendment: a. (a) as of the date hereof no Event of Default or Unmatured Event of Default has occurred or is existing under the Loan Documents; b. (b) except as otherwise previously disclosed to Agent, Co-Agents and/or Lenders in writing, the representations and warranties made in the Loan Agreement are true and correct as of the date hereof; c. (c) the execution and delivery by each Borrower of this Second Fourth Amendment and performance by it of the transactions herein contemplated (i) are and will be within its powers, (ii) have been authorized by all necessary corporate action, and (iii) are not and will not be in contravention of any order of any court or other agency of government, of law or any other indenture, agreement or undertaking to which such Borrower is a party or by which the property of such Borrower is bound, or be in conflict with, result in a breach of or constitute (with due notice and/or lapse of time) a default under any such indenture, agreement or undertaking or result in the imposition of any lien, charge or encumbrance of any nature on any of the properties of such Borrower; and d. (d) this Second Fourth Amendment, and each other agreement, instrument or document executed and/or delivered in connection herewith, shall be valid, binding and enforceable in accordance with its respective terms.

Appears in 1 contract

Sources: Senior Loan and Security Agreement (Interpool Inc)

Borrower's Representation and Warranties. Borrowers represent and warrant the following and such representations and warranties shall survive the making of this Second Third Amendment: a. as of the date hereof no Event of Default or Unmatured Event of Default has occurred or is existing under the Loan Documents; b. except as otherwise previously disclosed to Agent, Co-Agents and/or Lenders in writing, the representations and warranties made in the Loan Agreement are true and correct as of the date hereof; c. the execution and delivery by each Borrower of this Second Third Amendment and performance by it of the transactions herein contemplated (i) are and will be within its powers, (ii) have been authorized by all necessary corporate action, and (iii) are not and will not be in contravention of any order of any court or other agency of government, of law or any other indenture, agreement or undertaking to which such Borrower is a party or by which the property of such Borrower is bound, or be in conflict with, result in a breach of or constitute (with due notice and/or lapse of time) a default under any such indenture, agreement or undertaking or result in the imposition of any lien, charge or encumbrance of any nature on any of the properties of such Borrower; and d. this Second Third Amendment, and each other agreement, instrument or document executed and/or delivered in connection herewith, shall be valid, binding and enforceable in accordance with its respective terms.

Appears in 1 contract

Sources: Senior Loan and Security Agreement (Interpool Inc)