Common use of Reliance on and Survival of Representations Clause in Contracts

Reliance on and Survival of Representations. All agreements, covenants, representations and warranties of the Company herein or in any Exhibit or of (or on behalf of) the Company in any certificate or other instrument delivered pursuant hereto or thereto shall: (a) be deemed to be material and to have been relied upon by each Purchaser, notwithstanding any investigation heretofore or hereafter made by each Purchaser or on his behalf, and (b) survive the execution and delivery of this Agreement and the execution and delivery of the Senior Notes to each Purchaser and any investigation made at any time by him or on his behalf or any disposition of any of the Senior Notes, and all representations and warranties contained in Article II hereof and in any Exhibit hereto and in any Financing Document shall expire and terminate upon payment in full of the Senior Notes including all accrued interest thereon.