Warranties of Obligor. Obligor warrants and represents that it has full power and authority to enter into this agreement and that this agreement is not in violation of any other agreement nor of any covenant or restriction contained in any agreement to which Obligor is bound. Obligor further warrants that WinSonic has obtained all requisite corporate authority and approval, and has complied with the necessary corporate formalities in entering into this Agreement. Obligor also warrants that it will not obtain Senior Debt Funding that would prohibit the repayment of this obligation. This Loan Agreement is intended to be retired by the Company’s next Senior Debt funding and is required to be repaid before other debt receives any payment.
Warranties of Obligor. The Obligor and each of them, wan-ants, and so long as this Agreement remains in force, shall be deemed continuously to warrant as follows:
Warranties of Obligor. Obligor warrants and represents that it has full power and authority to enter into this agreement and that this agreement is not in violation of any other agreement nor of any covenant or restriction contained in any agreement to which Obligor is bound. Obligor further warrants that WinSonic has obtained all requisite corporate authority and approval, and has complied with the necessary corporate formalities in entering into this Agreement.
Warranties of Obligor. Obligor warrants and represents that it has full power and authority to enter into this agreement and that this agreement is not in violation of any other agreement nor of any covenant or restriction contained in any agreement to which Obligor is bound. Obligor further warrants that WinSonic has obtained all requisite corporate authority and approval, and has complied with the necessary corporate formalities in entering into this Agreement. Obligor also warrants that it will not obtain Funding that would prohibit the repayment of this obligation. This Agreement is intended to be retired by the Obligor’s next Funding, or pursuant to the Installment Payments, and is required to be repaid before other debt receives any payment.
