Common use of Representations and Warranties of the Assignee Clause in Contracts

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 5 contracts

Sources: Credit Agreement (Ashland Inc.), 364 Day Revolving Credit Agreement (Ashland Inc), Revolving Credit Agreement (Ashland Inc)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and the other Loan Documents and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(14.06(d) of the Credit Agreement Agreement, if applicable, are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable it and the Assignee has contemporaneously herewith delivered to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.064.06(d); and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 5 contracts

Sources: Credit Agreement (Buckeye GP Holdings L.P.), Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P)

Representations and Warranties of the Assignee. The Assignee hereby represents and warrants to the Assignor as follows: (a) it The Assignee has all requisite full power and authority, and has taken all action necessary necessary, to execute and deliver this Agreement, and any and all other documents required or permitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement, and no governmental authorizations or other authorizations are required in connection therewith; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (dc) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Administrative Agent or Assignor and based on such documents and information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. The Assignee will, independently and without reliance upon the Administrative Agent or any Lender, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Agreement; (d) The Assignee has received copies of such of the Loan Documents delivered pursuant to Section 8.1 of the Loan Agreement as it has requested, together with copies of the most recent financial statements delivered pursuant to Section 7.1 of the Loan Agreement; (e) The Assignee will perform in accordance with their respective terms all of the obligations which by the terms of the Loan Agreement are required to be performed by it as a Lender; and (f) the The Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the an Eligible Assignee.

Appears in 5 contracts

Sources: Assignment Agreement (Hard Rock Hotel Inc), 364 Day Loan Agreement (Harrahs Entertainment Inc), Loan Agreement (Coast Resorts Inc)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as followsthat: (a) it the Assignee acknowledges that the Assignor makes no representations or warranties concerning the Indebtedness and the Assignee accepts the Indebtedness in its present state without any recourse to the Assignor or claims for indemnity against the Assignor for any defect; (b) the Assignee will execute and deliver all documentation as may be required by all applicable securities laws to permit the issuance of the common shares in the capital of the Assignee on the terms herein set forth; (c) the Assignee has all requisite power the necessary capacity and authority, and has taken all action necessary authority to execute and deliver this Agreement and to fulfill observe and perform its covenants and obligations under, and consummate the transactions contemplated by, this Agreement;has taken all necessary corporate action in respect thereof; and (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (cd) this Agreement has been duly authorized, executed and delivered by it by, and constitutes the a legal, valid valid, binding and binding enforceable obligation of, the Assignee; the entering into of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into will not result in the ordinary course violation of any of the banking business terms and provisions of constating documents of the AssigneeAssignee or of any agreement, written or oral, to which the Assignee may be a party or by which it is or may be bound.

Appears in 3 contracts

Sources: Assignment Agreement (Ym Biosciences Inc), Assignment Agreement (Ym Biosciences Inc), Assignment Agreement (Ym Biosciences Inc)

Representations and Warranties of the Assignee. The Assignee hereby represents and warrants to the Assignor as follows: (a) it The Assignee is an Eligible Assignee; (b) The Assignee has all requisite full power and authority, and has taken all action necessary to execute and deliver this Agreement, and any and all other documents required or permitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments no governmental authorizations or other authorizations are required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to itin connection therewith; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Assignor and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Assignee will, independently and without reliance upon the Administrative Agent or any Bank, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Agreement; (e) The Assignee has received copies of the Loan Agreement and such of the Loan Documents as it has requested, together with copies of the most recent financial statements delivered pursuant to the Loan Agreement; and (f) If Assignee is organized under the Assignee hereby affirms that Laws of a jurisdiction outside the representations contained in Section 4.06(d)(i)(1) United States of America, attached hereto are the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to forms prescribed by the Assignee, Assignee shall promptly deliver to the Administrative Agent Code and the Borrower such certifications as are required thereby to avoid the Loan Agreement certifying Assignee's exemption from United States withholding taxes referred with respect to in Section 4.06; and (g) all payments to be made to Assignee under the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the AssigneeLoan Agreement.

Appears in 3 contracts

Sources: Revolving Loan Agreement (Kb Home), Term Loan Agreement (Kb Home), Bridge Loan Agreement (Kaufman & Broad Home Corp)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and the other Loan Documents and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 3 contracts

Sources: Credit Agreement (Howell Corp /De/), Credit Agreement (Howell Corp /De/), Credit Agreement (Howell Corp /De/)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: that (a) it the Assignee has all requisite full power and authority, and has taken all action necessary to execute and deliver this Assignment Agreement and any other documents required or permitted to be executed or delivered by it in connection with this Assignment Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement; Assignment Agreement and no governmental authorizations or other authorizations are required in connection therewith and (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Assignment Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it the Assignee in accordance with its terms; (d) all approvals and authorizations of. In addition, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee (i) confirms that it has fully reviewed the terms received a copy of the Credit Agreement and has independently the other Credit Documents, together with copies of the most recent financial statements delivered by the Borrower pursuant thereto and without reliance upon the Assignor, such other documents and based on such information as the Assignee it has deemed appropriate, made appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance; (ii) agrees that it will, independently and without reliance upon the Assignor, the Agent or any Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; ; (fiii) appoints and authorizes the Assignee hereby affirms Agent to take such action on its behalf and to exercise such powers under the Credit Agreement and the other Credit Documents as are delegated to the Agent by the terms thereof, together with such powers as are reasonably incidental thereto; (iv) agrees that it will perform in accordance with their terms all of the representations contained in Section 4.06(d)(i)(1) obligations which by the terms of the Credit Agreement and the other Credit Documents are true required to be performed by it as a Bank; (iv) specifies as its address for notices and accurate as its Lending Office the applicable offices indicated beside its signature below; and (vi) represents that it is either (y) a corporation organized under the laws of the United States or a state thereof or (z) entitled to Assignee. If Section 4.06(d)(i)(2) is applicable complete exemption from United States withholding tax imposed on or with respect to any payments, including fees, to be made to it pursuant to the AssigneeCredit Agreement (A) under an applicable provision of a tax convention to which the United States is a party of (B) because it is acting through a branch, Assignee shall promptly deliver agency or office in the United States and any payment to be received by it under the Administrative Agent Credit Agreement and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into other Credit Documents is effectively connected with a trade or business in the ordinary course of the banking business of the AssigneeUnited States.

Appears in 2 contracts

Sources: Credit Agreement (Transport Corporation of America Inc), Credit Agreement (Transport Corporation of America Inc)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and the other Security Instruments and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement;; 4 (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(14.06(d)(i) and (ii) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable it and, to the Assigneeextent applicable, the Assignee shall promptly deliver has contemporaneously herewith delivered to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 2 contracts

Sources: Credit Agreement (Arena Resources Inc), Credit Agreement (Arena Resources Inc)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and the other Security Instruments and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 2 contracts

Sources: Credit Agreement (Atp Oil & Gas Corp), Credit Agreement (McMoran Exploration Co /De/)

Representations and Warranties of the Assignee. The Assignee hereby represents and warrants to the Assignor as follows: (a) it The Assignee has all requisite full power and authority, and has taken all action necessary necessary, to execute and deliver this Agreement, and any and all other documents required or permitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement, and no governmental authorizations or other authorizations are required in connection therewith; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (dc) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Administrative Agent or Assignor and based on such documents and information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. The Assignee will, independently and without reliance upon the Administrative Agent or any Lender, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (fd) The Assignee has received copies of such of the Loan Documents delivered pursuant to Section 8.1 of the Credit Agreement as it has requested, together with copies of the most recent financial statements delivered pursuant to Section 7.1 of the Credit Agreement; (e) The Assignee hereby affirms that will perform in accordance with their respective terms all of the representations contained in Section 4.06(d)(i)(1) obligations which by the terms of the Credit Agreement are true and accurate required to be performed by it as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06a Lender; and (gf) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the The Assignee is an Eligible Assignee.

Appears in 2 contracts

Sources: Credit Agreement (New Horizons Worldwide Inc), Credit Agreement (American States Water Co)

Representations and Warranties of the Assignee. The Assignee hereby represents and warrants to the Assignor as follows: (a) it The Assignee is an Eligible Assignee; (b) The Assignee has all requisite full power and authority, and has taken all action necessary to execute and deliver this Agreement, and any and all other documents required or permitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments no governmental authorizations or other authorizations are required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to itin connection therewith; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Assignor and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Assignee will, independently and without reliance upon the Agents or any Bank, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the KBHC Loan Agreement; (e) The Assignee has received copies of the KBHC Loan Agreement and such of the Loan Documents as it has requested, together with copies of the most recent financial statements delivered pursuant to the KBHC Loan Agreement; and (f) If Assignee is organized under the Assignee hereby affirms that Laws of a jurisdiction outside the representations contained in Section 4.06(d)(i)(1) United States of America, attached hereto are the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to forms prescribed by the Assignee, Assignee shall promptly deliver to the Administrative Agent Code and the Borrower such certifications as are required thereby to avoid the KBHC Loan Agreement certifying Assignee's exemption from United States withholding taxes referred with respect to in Section 4.06; and (g) all payments to be made to Assignee under the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the AssigneeKBHC Loan Agreement.

Appears in 1 contract

Sources: Loan Agreement (Kaufman & Broad Home Corp)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and the other Security Instruments and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(14.06(d)(i) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to it and, the Assignee, Assignee shall promptly deliver has contemporaneously herewith delivered to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 1 contract

Sources: Credit Agreement (Atp Oil & Gas Corp)

Representations and Warranties of the Assignee. The Assignee hereby represents and warrants to the Assignor Assignor, the Lender and the Agent as follows: (a) it The Assignee is an Eligible Assignee; (b) The Assignee has all requisite full power and authority, and has taken all action actions necessary to execute and deliver this Agreement Agreement, and any other documents required or permitted to be executed and delivered by it in connection with this Agreement, and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments no governmental authorizations or other authorizations are required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to itin connection therewith; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Assignor and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. The Assignee will, independently and without reliance upon the Assignor, the Agent or any Lender, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (e) The Assignee has received copies of the Credit Agreement and such of the Loan Documents as it has requested, together with copies of the most recent financial statements delivered pursuant to the Credit Agreement; and (f) If Assignee is organized under the Assignee hereby affirms that laws of a jurisdiction outside the representations contained in Section 4.06(d)(i)(1) United States of America, attached hereto are the forms prescribed by the Internal Revenue Code and the Credit Agreement are true and accurate as to certifying Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the ’s exemption from United States withholding taxes referred with respect to in Section 4.06; and (g) all payments to be made to Assignee under the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the AssigneeCredit Agreement.

Appears in 1 contract

Sources: Revolving Line of Credit Agreement (Hawaiian Telcom Holdco, Inc.)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and the other Security Instruments and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(14.06(d)(i) and (ii) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable it and, to the Assigneeextent applicable, the Assignee shall promptly deliver has contemporaneously herewith delivered to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 1 contract

Sources: Credit Agreement (Mission Resources Corp)

Representations and Warranties of the Assignee. The Assignee hereby represents and warrants to the Assignor as follows: (a) it a. The Assignee has all requisite full power and authority, and has taken all action necessary necessary, to execute and deliver this Agreement, and any and all other documents required or permitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement, and no governmental authorizations or other authorizations are required in connection therewith; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this b. This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the c. The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Administrative Agent or Assignor and based on such documents and information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the . The Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) of the Credit Agreement are true will, independently and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to without reliance upon the Administrative Agent or any Lender, and based upon such documents and information as it shall deem appropriate at the Borrower time, continue to make its own credit decisions in taking or not taking action under the Loan Agreement; d. The Assignee has received copies of such certifications of the Loan Documents delivered pursuant to Section 8.1 of the Loan Agreement as it has requested, together with copies of the most recent financial statements delivered pursuant to Section 7.1 of the Loan Agreement; e. The Assignee will perform in accordance with their respective terms all of the obligations which by the terms of the Loan Agreement are required thereby to avoid the withholding taxes referred to in Section 4.06be performed by it as a Lender; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the f. The Assignee is an Eligible Assignee.

Appears in 1 contract

Sources: Loan Agreement (Jakks Pacific Inc)

Representations and Warranties of the Assignee. The Assignee hereby ---------------------------------------------- represents and warrants to the Assignor as follows: (a) it The Assignee has all requisite full power and authority, and has taken all action necessary necessary, to execute and deliver this Agreement, and any and al other documents required or permitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement, and no governmental authorizations or other authorizations are required in connection therewith; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (dc) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Agent or Assignor and based on such documents and information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. The Assignee will, independently and without reliance upon the Agent or any Lender, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (fd) The Assignee has received copies of such of the Loan Documents delivered pursuant to Section 4.01 or Section 4.02 of the Credit Agreement as it has requested, together with copies of the most recent financial statements delivered pursuant to Section 6.01 of the Credit Agreement; (e) The Assignee hereby affirms that will perform in accordance with its terms all of the representations contained in Section 4.06(d)(i)(1) obligations which by the terms of the Credit Agreement are true and accurate required to be performed by it as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06a Lender; and (gf) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the The Assignee is an Eligible Assignee.

Appears in 1 contract

Sources: Credit Agreement (Sunrise Medical Inc)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Term Loan Agreement and the other Security Instruments and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(14.06(d)(i) and (ii) of the Credit Term Loan Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable it and, to the Assigneeextent applicable, the Assignee shall promptly deliver has contemporaneously herewith delivered to the Administrative Collateral Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 1 contract

Sources: Term Loan Agreement (Mission Resources Corp)

Representations and Warranties of the Assignee. The Assignee hereby represents and warrants to the Assignor as follows: (a) it The Assignee has all requisite full power and authority, and has taken all action necessary necessary, to execute and deliver this Agreement, and any and all other documents required or per- mitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement; , and no governmental authorizations or other authorizations are required in connection therewith; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; ; (dc) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Administrative Agent or Assignor and based on such documents and information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; . The Assignee will, independently and without reliance upon the Administrative Agent or any Bank, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Agreement; (d) The Assignee has received copies of such of the Loan Documents delivered pursuant to Section 8.1 of the Loan Agreement as it has requested, together with copies of the most recent financial statements delivered pursuant to Section 7.1 of the Loan Agreement; (e) The Assignee will perform in accordance with their respective terms all of the obligations which by the terms of the Loan Agreement are required to be performed by it as a Bank; and (f) the The Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the an Eligible Assignee.

Appears in 1 contract

Sources: Loan Agreement (Circus Circus Enterprises Inc)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and the other Security Instruments and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(14.06(e)(i) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable it and, the Assignee has contemporaneously herewith delivered to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; (g) the Assignee is not an Investment Fund as defined in the Credit Agreement; and (gh) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 1 contract

Sources: Credit Agreement (Petrocorp Inc)

Representations and Warranties of the Assignee. The Assignee hereby represents and warrants to the Assignor as follows: (a) it The Assignee is an Eligible Assignee; (b) The Assignee has all requisite full power and authority, and has taken all action necessary to execute and deliver this Agreement, and any and all other documents required or permitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments no governmental authorizations or other authorizations are required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to itin connection therewith; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Assignor and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Assignee will, independently and without reliance upon the Agents, Lead Arranger or any Bank, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Agreement; (fe) the The Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) has received copies of the Credit Loan Agreement are true and accurate such of the Loan Documents as to Assignee. If Section 4.06(d)(i)(2) is applicable it has requested, together with copies of the most recent financial statements delivered pursuant to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06Loan Agreement; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 1 contract

Sources: Term Loan Agreement (Kaufman & Broad Home Corp)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and the other Security Instruments and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) 4.06(d)[(i)][ii)] of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2it [use if (ii) is applicable selected][and, the Assignee has contemporaneously herewith delivered to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06]; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 1 contract

Sources: Credit Agreement (DLB Oil & Gas Inc)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and the other Loan Documents and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) 4.06(d)[(i)][(ii)] of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2it [IF (ii) is applicable to IS SELECTED ADD: and, the Assignee, Assignee shall promptly deliver has contemporaneously herewith delivered to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06]; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 1 contract

Sources: Credit Agreement (Brown Tom Inc /De)

Representations and Warranties of the Assignee. The Assignee hereby ---------------------------------------------- represents and warrants to the Assignor as follows: (a) it The Assignee has all requisite full power and authority, and has taken all action necessary necessary, to execute and deliver this Agreement, and any and all other documents required or permitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement, and no governmental authorizations or other authorizations are required in connection therewith; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (dc) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Administrative Agent or Assignor and based on such documents and information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. The Assignee will, independently and without reliance upon the Administrative Agent or any Lender, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Agreement; (d) The Assignee has received copies of such of the Loan Documents delivered pursuant to Section 8.1 of the Loan Agreement as it has requested, together with copies of the most recent financial statements delivered pursuant to Section 7.1 of the Loan Agreement; (e) The Assignee will perform in accordance with their respective terms all of the obligations which by the terms of the Loan Agreement are required to be performed by it as a Lender; and (f) the The Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the an Eligible Assignee.

Appears in 1 contract

Sources: Loan Agreement (MGM Grand Inc)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to itit and this assignment complies with Section 13.06 of the Credit Agreement; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee is not a competitor of the US Borrower or any of its Subsidiaries; (f) the Assignee has fully reviewed the terms of the Credit Agreement and the other Security Instruments and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement;; and (fg) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) 4.06(d)[(i)] [(vi)] of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2it [IF (i) is applicable IS SELECTED ADD: and, the Assignee has contemporaneously herewith delivered to the Assignee, Assignee shall promptly deliver to the US Administrative Agent and the US Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course 4.06 of the banking business of the AssigneeCredit Agreement].

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Exterran Holdings Inc.)

Representations and Warranties of the Assignee. The Assignee hereby represents and warrants to the Assignor as follows: (a) it The Assignee is an Eligible Assignee; (b) The Assignee has all requisite full power and authority, and has taken all action necessary to execute and deliver this Agreement, and any and all other documents required or permitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments no governmental authorizations or other authorizations are required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to itin connection therewith; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Assignor and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Assignee will, independently and without reliance upon the Agents or any Bank, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Agreement; (e) The Assignee has received copies of the Loan Agreement and such of the Loan Documents as it has requested, together with copies of the most recent financial statements delivered pursuant to the Loan Agreement; and (f) If Assignee is organized under the Assignee hereby affirms that Laws of a jurisdiction outside the representations contained in Section 4.06(d)(i)(1) United States of America, attached hereto are the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to forms prescribed by the Assignee, Assignee shall promptly deliver to the Administrative Agent Code and the Borrower such certifications as are required thereby to avoid the Loan Agreement certifying Assignee's exemption from United States withholding taxes referred with respect to in Section 4.06; and (g) all payments to be made to Assignee under the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the AssigneeLoan Agreement.

Appears in 1 contract

Sources: Revolving Loan Agreement (Kaufman & Broad Home Corp)

Representations and Warranties of the Assignee. The Assignee ---------------------------------------------- hereby represents and warrants to the Assignor as follows: (a) it The Assignee has all requisite full power and authority, and has taken all action necessary necessary, to execute and deliver this Agreement, and any and all other documents required or permitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement, and no governmental authorizations or other authorizations are required in connection therewith; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (dc) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Administrative Agent or Assignor and based on such documents and information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. The Assignee will, independently and without reliance upon the Administrative Agent or any Lender, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Agreement; (d) The Assignee has received copies of such of the Loan Documents delivered pursuant to Section 8.1 of the Loan Agreement as it has requested, ----------- together with copies of the most recent financial statements delivered pursuant to Section 7.1 of the Loan Agreement; ----------- (e) The Assignee will perform in accordance with their respective terms all of the obligations which by the terms of the Loan Agreement are required to be performed by it as a Lender; and (f) the The Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the an Eligible Assignee.

Appears in 1 contract

Sources: Revolving Loan Agreement (Callaway Golf Co /Ca)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and the other Loan Documents and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(14.06(d)(i) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable it and, the Assignee has contemporaneously herewith delivered to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 1 contract

Sources: Credit Agreement (Isramco Inc)

Representations and Warranties of the Assignee. The Assignee represents and warrants to the Assignor as follows: (a) it has all requisite power and authority, and has taken all action necessary to execute and deliver this Agreement and to fulfill its obligations under, and consummate the transactions contemplated by, this Agreement; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (d) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the Assignee has fully reviewed the terms of the Credit Agreement and the other Loan Documents and has independently and without reliance upon the Assignor, and based on such information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement; (f) the Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(14.06(d)(i) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable it and, the Assignee has contemporaneously herewith delivered to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the Assignee.

Appears in 1 contract

Sources: Credit Agreement (Louis Dreyfus Natural Gas Corp)

Representations and Warranties of the Assignee. The Assignee hereby represents and warrants to the Assignor as follows: (a) it The Assignee has all requisite full power and authority, and has taken all action necessary necessary, to execute and deliver this Agreement, and any and all other documents required or permitted to be executed or delivered by it in connection with this Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Agreement, and no governmental authorizations or other authorizations are required in connection therewith; (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery of all instruments required to be delivered by it hereunder do not and will not violate any Governmental Requirement applicable to it; (c) this This Agreement has been duly executed and delivered by it and constitutes the legal, valid and binding obligation of the Assignee, enforceable against it in accordance with its terms; (dc) all approvals and authorizations of, all filings with and all actions by any Governmental Authority necessary for the validity or enforceability of its obligations under this Agreement have been obtained; (e) the The Assignee has fully reviewed the terms of the Credit Agreement and has independently and without reliance upon the Assignor, Agent or Assignor and based on such documents and information as the Assignee has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. The Assignee will, independently and without reliance upon the Agent or any Participant, and based upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Operative Documents; (d) The Assignee has received copies of the Operative Documents delivered pursuant to Section 6.3 of the Participation Agreement as it has requested, together with copies of the most recent financial statements delivered pursuant to Section 5.1 of the Participation Agreement; (e) The Assignee will perform in accordance with their respective terms all of the obligations which by the terms of the Operative Documents are required to be performed by it as a [Lender] [Certificate Purchaser]; and (f) the The Assignee hereby affirms that the representations contained in Section 4.06(d)(i)(1) of the Credit Agreement are true and accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to the Assignee, Assignee shall promptly deliver to the Administrative Agent and the Borrower such certifications as are required thereby to avoid the withholding taxes referred to in Section 4.06; and (g) the transactions contemplated by this Agreement are commercial banking transactions entered into in the ordinary course of the banking business of the an Eligible Assignee.

Appears in 1 contract

Sources: Participation Agreement (Lsi Logic Corp)