Common use of Representations; No Default Clause in Contracts

Representations; No Default. The Lender shall have received a statement of the authorized officer of each of the Borrower and the Guarantor dated the date of the advance certifying that (a) the representations and warranties contained in SECTION 1 of this Agreement are true and correct as of such date; (b) no Event of Default has occurred and is continuing; and (c) no event has occurred that would constitute an Event of Default but for the passage of time or a requirement of notice, or both.