Deemed Representation. Each request for a Loan and acceptance by the Borrower of any Loan proceeds shall constitute a representation and warranty that the statements contained in Section 5.02 are true and correct both on the date of such notice and as of the date of the providing of such Loan.
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Samples: Credit and Security Agreement (Cityscape Financial Corp), Revolving Credit and Security Agreement (Cityscape Financial Corp)
Deemed Representation. Each request for a Loan and acceptance by the Borrower of any Loan proceeds shall constitute a representation and warranty that the statements contained in Section 5.02 4.02 are true and correct both on the date of such notice and as of the date of the providing of such Loan.
Appears in 1 contract
Samples: Mortgage Warehousing Loan and Security Agreement (American Home Mortgage Holdings Inc)
Deemed Representation. Each request for a Loan and acceptance by the Borrower a Company of any Loan proceeds shall constitute a representation and warranty that the statements contained in Section 5.02 4.02 are true and correct both on the date of such notice and as of the date of the providing of such Loan.
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