Common use of Securities Representation Clause in Contracts

Securities Representation. Each Bank hereby represents that any disposition by it of all or any part of its rights under the Loan Documents shall not violate Section 5 of the Securities Act of 1933 to the extent, if any, applicable.

Appears in 4 contracts

Sources: Loan Agreement (Sports Club Co Inc), Loan Agreement (Sports Club Co Inc), Loan Agreement (Sports Club Co Inc)

Securities Representation. Each Bank hereby represents that any disposition by it of all or any part of its rights under the Loan Documents shall not violate Section 5 of the Securities Act of 1933 to the extent, if any, applicable.

Appears in 1 contract

Sources: Loan Agreement (Sports Club Co Inc)