Representations Undertakings and Events of Default Sample Clauses
The "Representations, Undertakings and Events of Default" clause defines the statements of fact (representations) and ongoing promises (undertakings) made by the parties, as well as the specific circumstances (events of default) that would constitute a breach of the agreement. In practice, this clause requires parties to confirm certain facts are true at the outset and to commit to maintaining certain behaviors or conditions throughout the contract term; it also lists triggers—such as failure to pay, insolvency, or misrepresentation—that would allow the other party to take remedial action. Its core function is to allocate risk and provide clear grounds for enforcement or termination if key promises are broken or critical events occur.
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Representations Undertakings and Events of Default. REPRESENTATIONS Each Obligor makes the representations and warranties set out in this Clause 18 to each Finance Party on the date of this Agreement and acknowledges that the Finance Parties have entered into this Agreement in reliance of those representations and warranties.
Representations Undertakings and Events of Default. The Borrower makes and repeats the representations and warranties set out in this clause 19 to each Finance Party at the times specified in clause 19.31 (Times when representations are made) and provided that the Borrower only makes the representations in this clause 19 in respect of the Sponsor so long as it is a party to a Finance Document.
Representations Undertakings and Events of Default. Each Original Obligor makes the representations and warranties set out in this clause 16 to each Finance Party on the date of this Agreement.
Representations Undertakings and Events of Default. The Borrower makes the representations and warranties set out in this Clause 17 to each Finance Party on the date of this Agreement.
Representations Undertakings and Events of Default. 19. REPRESENTATIONS Each Obligor makes the representations and warranties set out in this Clause 19 to each Finance Party.
19.1 Status (a) It is a limited liability company or corporation, duly incorporated and validly existing under the law of its jurisdiction of incorporation.
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Representations Undertakings and Events of Default. The Borrower makes the representations and warranties set out in this Clause 16 to the Lender on the date of this Agreement.
Representations Undertakings and Events of Default. 17 REPRESENTATIONS The Borrower makes the representations and warranties set out in this Clause 17 to the Lender on the date of this Agreement.
Representations Undertakings and Events of Default. 19 REPRESENTATIONS Each Obligor or (if it so states herein) the Company only makes the representations and warranties set out in this Clause 19 to each Finance Party on the date of this Agreement.
Representations Undertakings and Events of Default. REPRESENTATIONS The Company makes the representations and warranties set out in this Clause 17 to each Finance Party on the date of this Agreement (being 21 June 2007).