Repetition of representations and warranties Clause Samples
The repetition of representations and warranties clause requires that the statements and assurances made by a party at the time of signing an agreement are confirmed to remain true at later specified dates, such as at closing or on each drawdown under a facility. In practice, this means that the party must review and, if necessary, update their representations and warranties to ensure their accuracy at each relevant point, which may include providing written confirmation or disclosures if circumstances have changed. This clause serves to protect the other party by ensuring ongoing accuracy and reliability of key information, thereby reducing the risk of relying on outdated or incorrect statements.
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Repetition of representations and warranties. On each day throughout the Facility Period, the Borrower shall be deemed to repeat the representations and warranties in clause 7 updated mutatis mutandis as if made with reference to the facts and circumstances existing on such day.
Repetition of representations and warranties. Each of the representations and warranties contained in clause 4.1 (Primary representations and warranties) of this Agreement shall be deemed to be repeated by the Obligors on the Effective Date as if made with reference to the facts and circumstances existing on such day.
Repetition of representations and warranties. On and as of each Drawdown Date and (except in relation to the representations and warranties in clause 7.2) on each Interest Payment Date, the Borrowers shall:
(a) be deemed to repeat the representations and warranties in clauses 7.1 and 7.2 as if made with reference to the facts and circumstances existing on such day; and
(b) be deemed to further represent and warrant to each of the Creditors that the then latest audited financial statements delivered to the Agent by the Borrowers (if any) have been prepared in accordance with generally accepted international accounting principles which have been consistently applied and present fairly and accurately the consolidated financial position of the Group and the financial position of the Borrowers, respectively, as at the end of the financial period to which the same relate and the consolidated results of the operations of the Group and the results of the operations of the Borrowers, respectively, for the financial period to which the same relate and, as at the end of such financial period, neither the Borrowers nor the Corporate Guarantor nor any other member of the Group had any significant liabilities (contingent or otherwise) or any unrealised or anticipated losses which are not disclosed by, or reserved against or provided for in, such financial statements.
Repetition of representations and warranties. The representations and warranties in this Clause 6 (except in relation to the representations and warranties in Clause 6.2 (Initial representations and warranties)) shall be deemed to be repeated by the Borrower:
(a) on the date of service of the Drawdown Notice;
(b) on the Drawdown Date; and
(c) on each Interest Payment Date throughout the Security Period, as if made with reference to the facts and circumstances existing on each such day.
Repetition of representations and warranties. On and as of the Drawdown Date and (except in relation to the representations and warranties in clause 8.2) on each Interest Payment Date the Borrower shall be deemed to repeat the representations and warranties in clauses 8.1 and 8.2 as if made with reference to the facts and circumstances existing on such day.
Repetition of representations and warranties. On and as of each Drawdown Date and (except in relation to the representations and warranties in clause 4.2) on each Interest Payment Date, the Guarantor shall:
4.3.1 be deemed to repeat the representations and warranties in clauses 4.1 and 4.2 as if made with reference to the facts and circumstances existing on such day; and
4.3.2 be deemed to further represent and warrant to the Mortgagees that the then latest audited financial statements delivered to the Agent have been prepared in accordance with the Applicable Accounting Principles which have been consistently applied and present fairly and accurately the consolidated financial position of the Group as at the end of the financial period to which the same relate and the consolidated results of the operations of the Group for the financial period to which the same relate and, as at the end of such financial period, neither the Guarantor nor any other member of the Group had any significant liabilities (contingent or otherwise) or any unrealised or anticipated losses which are not disclosed by, or reserved against or provided for in, such financial statements.
Repetition of representations and warranties. On and as of the Delivery Date and (except in relation to the representations and warranties in clauses 2.3, 2.4 and 5) each Interest Payment Date during the Charter Period, the Charterer and the Charter Guarantor shall be deemed to repeat the representations and warranties in clauses 2.1, 2.2, 2.3 and 2.4 as if made with reference to the facts and circumstances existing on such day.
Repetition of representations and warranties. The representations and warranties in clause 3.1 shall be deemed to be repeated by the Shareholder on and as of each day from the date of this Deed the end of the Facility Period as if made with reference to the facts and circumstances existing on each such day.
Repetition of representations and warranties. Each of the representations and warranties contained in clause 4.1 of this Agreement, clause 4 of each Corporate Guarantee and clause 7 of the Principal Agreement shall be deemed to be repeated by the Relevant Parties on the Effective Date as if made with reference to the facts and circumstances existing on such day.
Repetition of representations and warranties. Each of the representations and warranties contained in clause 4.1 of this Agreement and clause 8 of the Principal Agreement (as amended by this Agreement) shall be deemed to be repeated by the Borrower on the Effective Date as if made with reference to the facts and circumstances existing on such day.