Common use of Survival and Repetition of Representations and Warranties Clause in Contracts

Survival and Repetition of Representations and Warranties. The representations and warranties set forth in Section 6.01 survive the execution and delivery of this Agreement and all other Loan Documents and will be deemed to be repeated by the Credit Parties as of the Closing Date and the date of each Compliance Certificate, except in each case to the extent that on or prior to such date (a) the Credit Parties have advised the Lender in writing of a variation in any such representation or warranty, and (b) if such variation, in the opinion of the Lender, acting reasonably, is material to the property, liabilities, affairs, business, operations, prospects or condition (financial or otherwise) of the Credit Parties considered as a whole or could have, or be reasonably likely to result in, a Material Adverse Effect, the Lender have approved such variation.