REPRESENTATIONS AND WARRANTIES FOR ELIGIBLE SECURITIES. As to each Eligible Security included in the Borrowing Base on a Funding Date, the Borrower who intends to pledge such Eligible Security to the Lender pursuant to the Loan Agreement shall be deemed to make the following representations and warranties to the Lender as of such date and as of each date Collateral Value is determined (certain defined terms used herein and not otherwise defined in the Loan Agreement appearing in Part II to this Schedule 2). (a)
