Common use of CONDITIONS, REPRESENTATIONS AND WARRANTIES Clause in Contracts

CONDITIONS, REPRESENTATIONS AND WARRANTIES. The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent (unless specifically waived in writing by the Administrative Agent): 4.1 The Administrative Agent shall have received fully executed copies of this Amendment executed by each of the Credit Parties, the Lenders and the Issuing Lender. 4.2 No Event of Default or Unmatured Event of Default has occurred and is continuing. 4.3 As of the effective date of this Amendment, all representations and warranties of the Credit Parties set forth herein shall be true and correct, and all representations and warranties of the Credit Parties set forth in the Credit Agreement shall be true and correct in all material respects (or, with respect to those representations and warranties expressly limited by their terms by materiality or material adverse effect qualifications, all respects) and shall be deemed remade on such date, except to the extent any such representation and warranty expressly relates to an earlier date, in which case such representation and warranty shall be true and correct in all material respects (or, with respect to those representations and warranties expressly limited by their terms by materiality or material adverse effect qualifications, all respects) as to the date to which it relates. 4.4 All proceedings taken in connection with the transactions contemplated by this Amendment and all documents, instruments and other legal matters incident thereto shall be reasonably satisfactory to the Administrative Agent. 4.5 The Administrative Agent shall have received payment in immediately available funds of a fee (the “Amendment Fee”) in an amount equal to $18,750.

Appears in 1 contract

Sources: Credit Agreement (Russ Berrie & Co Inc)

CONDITIONS, REPRESENTATIONS AND WARRANTIES. The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent (unless specifically waived in writing by the Administrative Agent): 4.1 3.1 The Administrative Agent shall have received fully executed copies of this Amendment executed by each of the Credit Parties, the Lenders and the Issuing LenderBank. 4.2 3.2 No Event of Default or Unmatured Event of Default has occurred and is continuing. 4.3 3.3 As of the effective date of this Amendment, all representations and warranties of the Credit Parties set forth herein shall be true and correct, and all representations and warranties of the Credit Parties set forth in the Credit Agreement shall be true and correct in all material respects (or, with respect to those representations and warranties expressly limited by their terms by materiality or material adverse effect qualifications, all respects) and shall be deemed remade on such date, except to the extent any such representation and warranty expressly relates to an earlier date, in which case such representation and warranty shall be true and correct in all material respects (or, with respect to those representations and warranties expressly limited by their terms by materiality or material adverse effect qualifications, all respects) as to the date to which it relates. 4.4 3.4 All proceedings taken in connection with the transactions contemplated by this Amendment and all documents, instruments and other legal matters incident thereto shall be reasonably satisfactory to the Administrative Agent. 4.5 3.5 The Administrative Agent shall have received payment from the Credit Parties in immediately available funds of a fee (the “Amendment Fee”) in an the amount equal to of $18,75015,000.

Appears in 1 contract

Sources: Credit Agreement (Russ Berrie & Co Inc)

CONDITIONS, REPRESENTATIONS AND WARRANTIES. The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent (unless specifically waived in writing by the Administrative Agent): 4.1 3.1 The Administrative Agent shall have received fully executed copies of this Amendment executed by each of the Credit Parties, the Lenders and the Issuing LenderBank. 4.2 3.2 No Event of Default or or, except as previously disclosed by the Credit Parties to the Administrative Agent in that certain letter dated as of April 3, 2006, Unmatured Event of Default has occurred and is continuing. 4.3 3.3 As of the effective date of this Amendment, all representations and warranties of the Credit Parties set forth herein shall be true and correct, and all representations and warranties of the Credit Parties set forth in the Credit Agreement shall be true and correct in all material respects (or, with respect to those representations and warranties expressly limited by their terms by materiality or material adverse effect qualifications, all respects) and shall be deemed remade on such date, except to the extent any such representation and warranty expressly relates to an earlier date, in which case such representation and warranty shall be true and correct in all material respects (or, with respect to those representations and warranties expressly limited by their terms by materiality or material adverse effect qualifications, all respects) as to the date to which it relates. 4.4 3.4 All proceedings taken in connection with the transactions contemplated by this Amendment and all documents, instruments and other legal matters incident thereto shall be reasonably satisfactory to the Administrative Agent. 4.5 The Administrative Agent shall have received payment in immediately available funds of a fee (the “Amendment Fee”) in an amount equal to $18,750.

Appears in 1 contract

Sources: Credit Agreement (Russ Berrie & Co Inc)

CONDITIONS, REPRESENTATIONS AND WARRANTIES. The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent (unless specifically waived in writing by the Administrative Agent): 4.1 The Administrative Agent shall have received fully executed copies of this Amendment executed by each of the Credit Parties, the Lenders and the Issuing Lender. 4.2 No Event of Default or Unmatured Event of Default has occurred and is continuing. 4.3 As of the effective date of this Amendment, all representations and warranties of the Credit Parties set forth herein shall be true and correct, and all representations and warranties of the Credit Parties set forth in the Credit Agreement shall be true and correct in all material respects (or, with respect to those representations and warranties expressly limited by their terms by materiality or material adverse effect qualifications, all respects) and shall be deemed remade on such date, except to the extent any such representation and warranty expressly relates to an earlier date, in which case such representation and warranty shall be true and correct in all material respects (or, with respect to those representations and warranties expressly limited by their terms by materiality or material adverse effect qualifications, all respects) as to the date to which it relates. 4.4 All proceedings taken in connection with the transactions contemplated by this Amendment and all documents, instruments and other legal matters incident thereto shall be reasonably satisfactory to the Administrative Agent. 4.5 The Administrative Agent shall have received payment in immediately available funds of a fee (the “Amendment Fee”) in an amount equal to $18,750.

Appears in 1 contract

Sources: Credit Agreement and Pledge Agreement (Russ Berrie & Co Inc)

CONDITIONS, REPRESENTATIONS AND WARRANTIES. The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent (unless specifically waived in writing by the Administrative Agent): 4.1 The Administrative Agent shall have received (in such number and in form and substance reasonably satisfactory to it): (a) fully executed copies of this Amendment executed by the Administrative Agent and each of the Credit Parties, other Parties hereto; and (b) the Lenders and the Issuing Lenderfully-executed Substitute Notes. 4.2 No Event of Default or Unmatured Event of Default has occurred and is continuingcontinuing (other than an Event of Default or Unmatured Event of Default in respect of Section 11.4(f) of the Credit Agreement resulting from the consummation of the Mergers). 4.3 As of the effective date of this Amendment, all representations and warranties of the Credit Parties set forth herein shall be true and correct, and all representations and warranties of the Credit Parties set forth in the Credit Agreement shall be true and correct in all material respects (or, with respect to those representations and warranties expressly limited by their terms by materiality or material adverse effect qualifications, all respects) and shall be deemed remade on such date, except to the extent any such representation and warranty expressly relates to an earlier date, in which case such representation and warranty shall be true and correct in all material respects (or, with respect to those representations and warranties expressly limited by their terms by materiality or material adverse effect qualifications, all respects) as to the date to which it relates. 4.4 All proceedings taken in connection with the transactions contemplated by this Amendment and all documents, instruments and other legal matters incident thereto shall be reasonably satisfactory to the Administrative Agent. 4.5 The Administrative Agent shall have received payment payment, in immediately available funds funds, of such fees as shall be set forth in a fee letter of even date herewith among the Credit Parties and the Administrative Agent (the “Amendment FeeFee Letter) in an amount equal to $18,750).

Appears in 1 contract

Sources: Credit Agreement (Russ Berrie & Co Inc)