Representations and Warranties of Each Designated Borrower Clause Samples

The 'Representations and Warranties of Each Designated Borrower' clause requires each borrower named in a loan agreement to formally declare certain facts about their legal status, authority, and compliance with laws. Typically, this includes assurances that the borrower is duly organized, has the power to enter into the agreement, and that no legal impediments exist to their obligations. By setting out these statements, the clause ensures that lenders can rely on the accuracy of key information provided by each borrower, thereby reducing the risk of undisclosed issues that could affect the enforceability or performance of the loan.
Representations and Warranties of Each Designated Borrower. Each Designated Borrower represents and warrants to the Lenders that:
View SourceView Similar (10)
Representations and Warranties of Each Designated Borrower. Each Designated Borrower represents and warrants to the Lenders that: Organization and Corporate Powers. Such Designated Borrower (i) is a company duly formed and validly existing and in good standing under the laws of the state or country of its organization (such jurisdiction being hereinafter referred to as the “Home Country”) and (ii) has the requisite power and authority to own its property and assets and to carry on its business substantially as now conducted except where the failure to have such requisite authority would not reasonably be expected to have a Material Adverse Effect.
View Source

Related to Representations and Warranties of Each Designated Borrower

  • REPRESENTATIONS AND WARRANTIES OF EACH INVESTOR Each Investor represents and warrants to the Company as follows:

  • Representations and Warranties of Each Fund Each Fund hereby severally and not jointly represents and warrants that each of the following shall be true, correct and complete with respect to each Fund at all times during the term of this Agreement: (i) the Fund is duly organized under the laws of its jurisdiction of organization and is registered as an open-end management investment company under the 1940 Act; and (ii) the execution, delivery and performance by the Fund of this Agreement are (w) within its power, (x) have been duly authorized by all necessary action, and (y) will not (A) contribute to or result in a breach of or default under or conflict with any existing law, order, regulation or ruling of any governmental or regulatory agency or authority, or (B) violate any provision of the Fund's corporate charter, Declaration of Trust or other organizational document, or bylaws, or any amendment thereof or any provision of its most recent Prospectus or Statement of Additional Information.

  • REPRESENTATIONS AND WARRANTIES OF EACH SELLER Each Seller, severally and not jointly, represents and warrants to Buyer as follows:

  • Representations and Warranties of Borrower Borrower represents and warrants that:

  • REPRESENTATIONS AND WARRANTIES OF EACH PURCHASER Each Purchaser, severally and not jointly, for itself and for no other Purchaser, hereby represents and warrants as of the date hereof and as of the Closing Date to the Company as follows (unless as of a specific date therein in which case they shall be accurate as of such date):