REPRESENTATIONS AND WARRANTIES 68 Clause Samples
REPRESENTATIONS AND WARRANTIES 68. Section 5.1 Financial Statements 68 Section 5.2 Organization and Qualification 69 Section 5.3 Authority and Enforceability 69 Section 5.4 No Material Adverse Change 69 Section 5.5 Litigation and Other Controversies 69 Section 5.6 True and Complete Disclosure 70 Section 5.7 Margin Stock 70 Section 5.8 Taxes 70 Section 5.9 ERISA 70 Section 5.10 Subsidiaries 70 Section 5.11 Compliance with Laws 71 Section 5.12 Environmental Matters 71 Section 5.13 Investment Company 71 Section 5.14 Intellectual Property 71 Section 5.15 Good Title 71 Section 5.16 Labor Relations 71 Section 5.17 Capitalization 72 Section 5.18 Governmental Authority and Licensing 72 Section 5.19 Approvals 72 Section 5.20 Solvency 72 Section 5.21 Foreign Assets Control Regulations and Anti-Money Laundering 73 Section 5.22 Security Interest in Collateral 73 Section 5.23 EEA Financial Institutions 73 ARTICLE 6. COVENANTS. 73 Section 6.1 Information Covenants 74 Section 6.2 Inspections 76 Section 6.3 Maintenance of Property, Insurance, Environmental Matters, etc 77 Section 6.4 Books and Records 77 Section 6.5 Preservation of Existence 77 Section 6.6 Compliance with Laws 77 Section 6.7 ERISA 78 Section 6.8 Payment of Taxes 78 Section 6.9 Designation of Subsidiaries 78 Section 6.10 Use of Proceeds 78 Section 6.11 Contracts with Affiliates 78 Section 6.12 No Changes in Fiscal Year 80
REPRESENTATIONS AND WARRANTIES 68. SECTION 4.01. Representations and Warranties of the Borrower. 68
REPRESENTATIONS AND WARRANTIES 68. Section 5.1. Existence; Power 68
REPRESENTATIONS AND WARRANTIES 68. 7.1 Representations and Warranties by the Borrowers 68 7.2 Reaffirmation of Representations and Warranties 74 8.1 Positive Covenants 74 8.2 Reporting Requirements 76 8.3 Financial Covenants 79 8.4 Negative Covenants 80 8.5 Asset Dispositions 82 8.6 Reduction in Consolidated Net Tangible Assets 83 9.1 Events of Default 83 9.2 Cancellation and Acceleration 86 9.3 Insolvency Default 87 9.4 Enforcement 87 9.5 Right of Set-Off 87 9.6 Currency Conversion After Acceleration 87 10.1 Illegality 88 10.2 Suspension of US Base Rate Advances 89 10.3 Temporary Market Disruption Respecting SOFR 89 10.4 CDOR Benchmark Replacement Setting 89 10.5 SOFR Benchmark Replacement Setting 95 10.6 Increased Costs 100 10.7 Taxes 101 11.1 Appointment and Authority 102 11.2 Exclusionary Provisions 102 11.3 Agent’s Reliance 104 11.4 Agent as Lender 105 11.5 Lender Credit Decisions 105 11.6 Funds Held by Agent 105 11.7 Application of Payments after Acceleration 105 11.8 Indemnification 105 11.9 Accommodations under the Credit Facilities 106 11.10 Successor Agent 106 12.1 Records 107 12.2 Amendments 107 12.3 Notices 109 12.4 Electronic Communications 111 12.5 No Waiver; Remedies 111 12.6 Expenses 111 12.7 Sharing of Payments; Swingline and Fronting Lenders 112 12.8 Sharing Generally 114 12.9 Erroneous Payments 115 12.10 Environmental Indemnity 119 12.11 Judgment Currency 120 12.12 Governing Law 120 12.13 Consent to Jurisdiction 121 12.14 Lenders’ Several Liability 121 12.15 Successors and Assigns 121 12.16 Assignment 121 12.17 Participation 122 12.18 Limitations upon Participant Rights 123 12.19 Designation by or Replacement of Lenders 123 12.20 Severability 124 12.21 Prior Understandings 124 12.22 Time of Essence 125 12.23 Counterparts 125 12.24 Patriot Act 125 12.25 FATCA 125 12.26 Acknowledgment Regarding any Supported QFCs 126 12.27 Waiver of Jury Trial 127 Appendix A - Lenders and Lenders’ Commitments Lending Offices Schedule 1 - Borrowing Notice for WFT Schedule 1A - Borrowing Notice for WFUS Schedule 2 - Notice of Repayment or Cancellation Schedule 3 - Quarterly Compliance Certificate Schedule 4 - Material Subsidiaries Schedule 5 - Lender Assignment Agreement Schedule 6 - POA Letter of Credit Schedule 7 - Power of Attorney THIS AMENDED AND RESTATED CREDIT AGREEMENT dated as of the 25th day of July, 2023 BETWEEN: ▇▇▇▇ ▇▇▇▇▇▇ TIMBER CO. LTD., a company formed by amalgamation under the laws of the Province of British Columbia, and ▇▇▇▇ ▇▇▇▇▇▇ (USA), INC., a corporation incorporated u...
REPRESENTATIONS AND WARRANTIES 68. SECTION 4.01. Representations and Warranties of the Borrower 68 SECTION 5.01. Affirmative Covenants 71 SECTION 5.02. Negative Covenants 75 SECTION 5.03. Financial Covenant 78 SECTION 6.01. Events of Default 78 SECTION 6.02. Actions in Respect of the Letters of Credit upon Default 81
REPRESENTATIONS AND WARRANTIES 68. Section 4.01 Representations and Warranties of the Borrower 68 Section 4.02 Representations and Warranties of the Trustee 73 Section 5.01 Affirmative Covenants of the Borrower 74 Section 5.02 Negative Covenants of the Borrower 79 Section 5.03 Certain Undertakings Relating to Separateness 84 Section 6.01 Events of Default 86 Section 6.02 Remedies 89
REPRESENTATIONS AND WARRANTIES 68. Corporate Existence and Power 68 Section 5.2 Corporate and Governmental Authorization: No Contravention 68 Section 5.3 Binding Effect 68 Section 5.4 Financial Statements 69 Section 5.5 Litigation 69 Section 5.6 Taxes 69
REPRESENTATIONS AND WARRANTIES 68. Section 4.1. Existence; Power. 68 Section 4.2. Organizational Power; Authorization. 68 Section 4.3. Governmental Approvals; No Conflicts. 68 Section 4.4. Financial Statements. 68 Section 4.5. Litigation and Environmental Matters. 69 Section 4.6. Compliance with Laws and Agreements. 69 Section 4.7. Investment Company Act. 69 Section 4.8. Taxes. 69 Section 4.9. Margin Regulations. 70 Section 4.10. ERISA. 70
REPRESENTATIONS AND WARRANTIES 68. Organization; Requisite Power and Authority; Qualification 68
REPRESENTATIONS AND WARRANTIES 68. Existence and Standing 68 5.2. Authorization and Validity 69 5.3. No Conflict; Government Consent 69 5.4. Financial Statements 69 5.5. Material Adverse Change 69 5.6. Taxes 69 5.7. Litigation and Contingent Obligations 70 5.8. Subsidiaries 70 5.9. Employee Benefit Plans 70 5.10. Accuracy of Information 71 5.11. Federal Reserve Regulations 71 5.12. Material Agreements 71 5.13. Compliance With Laws 71 5.14. Ownership of Properties 71 5.15. Insurance 71 5.16. Environmental Matters 72 5.17. Investment Company Act 72 5.18. Centre of Main Interests and Establishment 72 5.19. Security Interest in Collateral 72 5.20. Anti-Corruption Laws and Sanctions 72 5.21. Solvency 72 5.22. No Default or Unmatured Default 73 5.23. Special Representations and Warranties of each Foreign Subsidiary Borrower 73 6.1. Financial Reporting 74 6.2. Use of Proceeds 75 6.3. Notice of Default 76 6.4. Conduct of Business 76 6.5. Taxes 76 6.6. Insurance 76 6.7. Compliance with Laws 76 6.8. Maintenance of Properties 77 6.9. Books and Records; Inspection 77 6.10. Dividends 77 6.11. Indebtedness 78 6.12. Merger 79 6.13. Sale of Assets 80 6.14. Investments and Acquisitions 81 6.15. Liens 82 6.16. Affiliates 83 6.17. Subordinated Indebtedness and Senior Note Indebtedness 84 6.18. Contingent Obligations 84 6.19. Financial Covenants 84 6.20. Fiscal Year 85