Common use of Representations; No Default Clause in Contracts

Representations; No Default. The Borrower represents and warrants that: (a) the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, or any provision of the Borrower’s Articles of Incorporation or Bylaws or, to the best of the Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the Bank, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below), and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the Notes.

Appears in 7 contracts

Samples: Loan Agreement (Western Reserve Bancorp Inc), Loan Agreement and Waiver (Western Reserve Bancorp Inc), Loan Agreement and Waiver (Western Reserve Bancorp Inc)

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Representations; No Default. The Each Borrower represents and warrants that: (a) the representation and warranties contained in Section 7 of the Loan Agreement are true and correct in all material respects, as though made on the date hereof, except to the extent such representation and warranty, by its express terms, relates solely to a prior date, and except that the representations and warranties contained in Section 7.26 of the Loan Agreement shall be true and correct in all material respects, as though made on the date of the financial statements most recently delivered to the Bank pursuant to Section 8.8(a) of the Loan Agreement; (b) such Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the such Borrower in connection herewith, ; (bc) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Unmatured Event of Default (an “Unmatured or Event of Default”), Default under the Loan Agreement or a default under any other agreement, instrument or indenture to which the such Borrower is a party or a signatory, or any provision of the such Borrower’s Articles of Incorporation or Bylaws or, to the best of the such Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the such Borrower or any of its property except, if any, in favor of the Bank, ; (cd) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the such Borrower in connection herewith or the performance of obligations of the such Borrower herein described, except for those which the such Borrower has obtained or provided and as to which the such Borrower has delivered certified copies of documents evidencing each such action to the Bank, ; (de) no events have taken place and no circumstances exist at the date hereof which would give the such Borrower grounds to assert a defense, offset or counterclaim to the obligations of the such Borrower under the Loan Agreement or any of the other Loan Documents Documents; (defined below), and (ef) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the such Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesNotes (as defined in the Loan Agreement); and (g) after giving effect to this Amendment, no Unmatured Event of Default or Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 5 contracts

Samples: Loan and Security Agreement and Waiver (Intricon Corp), Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp)

Representations; No Default. The Borrower hereby represents that on and as of the date hereof and after giving effect to this Amendment (a) all of the representations and warranties contained in the Credit Agreement are true, correct and complete in all material respects as of the date hereof as though made on and as of such date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they are true and correct as of such earlier date, and (b) there will exist no Default or Event of Default on such date which has not been waived by the Banks. The Borrower represents and warrants that: (a) that the Borrower has the power and legal right and authority to enter into this the Amendment and has duly authorized as appropriate the execution and delivery of this the Amendment, and the Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein does not contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower or any of its Subsidiaries is a party or a signatory, signatory or any a provision of the Borrower’s Articles 's or any such Subsidiary's certificate of Incorporation or Bylaws incorporation, bylaws or, to the best of the Borrower’s 's knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the . The Borrower or any of its property except, if any, in favor of the Bank, (c) represents and warrants that no consent, approval or authorization of or registration or declaration with any partyPerson, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this the Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described. The Borrower represents and warrants that the Amendment is the legal, except for those which valid and binding obligation of the Borrower has obtained or provided and as to which the enforceable in accordance with its terms. The Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) warrants that no events have taken place and no circumstances exist circumstance exists at the date hereof which would give the Borrower grounds or any of its Subsidiaries a basis to assert a defense, offset or counterclaim to any claim of the Agent or any Bank as to any obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below), and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior its Subsidiaries to the date of this Amendment, including, without limitation, Agent or any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesBank.

Appears in 5 contracts

Samples: Credit Agreement (Buffets Inc), Credit Agreement (Buffets Inc), Credit Agreement (Buffets Inc)

Representations; No Default. The Borrower represents and warrants that: (a) the representations and warranties of the Borrower contained in Article 4 of the Loan Agreement are true and correct on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, (b) the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith, (bc) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, or any provision of the Borrower’s Articles of Incorporation or Bylaws or, to the best of the Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the Bank, (cd) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, (de) no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents Documents, (defined below), and (ef) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesNote, and (g) no Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 5 contracts

Samples: Term Loan Agreement (Wsi Industries, Inc.), Term Loan Agreement (Wsi Industries, Inc.), Term Loan Agreement (Wsi Industries, Inc.)

Representations; No Default. The Borrower represents and warrants that: (a) the representations and warranties of the Borrower contained in Article IV of the Loan Agreement are true and correct on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, (b) the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith, (bc) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or the Revolving Note or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, or any provision of the Borrower’s Articles of Incorporation or Bylaws or, to the best of the Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the Bank, (cd) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, (de) no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement Agreement, the Revolving Note or any of the other Loan Documents Documents, (defined below), and (ef) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesRevolving Note, and (g) no Event of Default has occurred and is continuing under the Loan Agreement or the Revolving Note.

Appears in 4 contracts

Samples: Revolving Loan Agreement (Wsi Industries, Inc.), Revolving Loan Agreement (Wsi Industries, Inc.), Revolving Loan Agreement (Wsi Industries, Inc.)

Representations; No Default. The Borrower represents and warrants that: (a) the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, a Default or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, or any provision of the Borrower’s Articles of Incorporation or Bylaws By-Laws or, to the best of the Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the BankLender, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the BankLender, (d) no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below)Documents, and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the BankLender, which might arise out of or be connected with any act of commission or omission of the Bank Lender existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by any promissory note executed by Borrower in favor of Lender, (f) the Notesrepresentations and warranties of Borrower contained in the Loan Agreement are true and correct on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date and (g) no Default or Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Nortech Systems Inc), Loan and Security Agreement (Nortech Systems Inc), Loan and Security Agreement and Consent (Nortech Systems Inc)

Representations; No Default. The Borrower represents and warrants that: (a) the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, or any provision of the Borrower’s Articles of Incorporation or Bylaws or, to the best of the Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the Bank, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below), and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesNote.

Appears in 3 contracts

Samples: Loan Agreement (Western Reserve Bancorp Inc), Loan Agreement (Western Reserve Bancorp Inc), Loan Agreement (Western Reserve Bancorp Inc)

Representations; No Default. The Each Borrower represents and warrants that: (a) the representation and warranties contained in Section 7 of the Loan Agreement are true and correct in all material respects, as though made on the date hereof, except to the extent such representation and warranty, by its express terms, relates solely to a prior date, and except that the representations and warranties contained in Section 7.26 of the Loan Agreement shall be true and correct in all material respects, as though made on the date of the financial statements most recently delivered to the Bank pursuant to Section 8.8(a) of the Loan Agreement; (b) such Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the such Borrower in connection herewith, ; (bc) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Unmatured Event of Default (an “Unmatured or Event of Default”), Default under the Loan Agreement or a default under any other agreement, instrument or indenture to which the such Borrower is a party or a signatory, or any provision of the such Borrower’s Articles of Incorporation or Bylaws or, to the best of the such Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the such Borrower or any of its property except, if any, in favor of the Bank, ; (cd) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the such Borrower in connection herewith or the performance of obligations of the such Borrower herein described, except for those which the such Borrower has obtained or provided and as to which the such Borrower has delivered certified copies of documents evidencing each such action to the Bank, ; (de) no events have taken place and no circumstances exist at the date hereof which would give the such Borrower grounds to assert a defense, offset or counterclaim to the obligations of the such Borrower under the Loan Agreement or any of the other Loan Documents Documents; (defined below), and (ef) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the such Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesNotes (as defined in the Loan Agreement); and (g) except as otherwise expressly provided herein, no Unmatured Event of Default or Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp)

Representations; No Default. The Each Borrower represents and warrants that: (a) the such Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the such Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, a Default or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the such Borrower is a party or a signatory, or any provision of the such Borrower’s Articles of Incorporation or Bylaws or, to the best of the such Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the such Borrower or any of its property except, if any, in favor of the Bank, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the such Borrower of this Amendment or other agreements and documents executed and delivered by the such Borrower in connection herewith or the performance of obligations of the such Borrower herein described, except for those which the such Borrower has obtained or provided and as to which the such Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) no events have taken place and no circumstances exist at the date hereof which would give the such Borrower grounds to assert a defense, offset or counterclaim to the obligations of the such Borrower under the Loan Agreement or any of the other Loan Documents (defined below)Documents, and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the such Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the Notes, and (f) no Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement and Waiver (Intricon Corp), Loan and Security Agreement and Waiver (Intricon Corp)

Representations; No Default. The Each Borrower represents and warrants that: (a) the such Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the such Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Unmatured Event of Default (an “Unmatured or Event of Default”), Default under the Loan Agreement or a default under any other agreement, instrument or indenture to which the such Borrower is a party or a signatory, or any provision of the such Borrower’s Articles of Incorporation or Bylaws or, to the best of the such Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the such Borrower or any of its property except, if any, in favor of the Bank, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the such Borrower in connection herewith or the performance of obligations of the such Borrower herein described, except for those which the such Borrower has obtained or provided and as to which the such Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) no events have taken place and no circumstances exist at the date hereof which would give the such Borrower grounds to assert a defense, offset or counterclaim to the obligations of the such Borrower under the Loan Agreement or any of the other Loan Documents (defined below)Documents, and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the such Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesNotes (as defined in the Loan Agreement), and (f) no Unmatured Event of Default or Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Intricon Corp), Loan and Security Agreement (Intricon Corp)

Representations; No Default. The Borrower hereby represents, on and as of the date hereof, and after giving effect to this Amendment, all of the representations and warranties contained in the Financing Agreement are true, correct, and complete in all material respects as of the date hereof as though made on and as of such date, except to the extent that such representations and warranties relate solely to an earlier date. Borrower further represents and warrants that: (a) the Borrower that it has the power and legal right and authority to enter into this Amendment and all of the other Amendment Documents, and that it has duly authorized as appropriate the execution and delivery of this Amendment and all of the other agreements Amendment Documents by proper corporate action, and documents executed and delivered by none of the Borrower in connection herewith, (b) neither this Amendment Documents nor the agreements contained herein therein contravene or constitute an Event of Default, a Default or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Financing Agreement or a default under any other agreement, instrument instrument, or indenture to which the Borrower is a party or a signatory, signatory or any a provision of the Borrower’s Articles Certificate of Incorporation or Bylaws Bylaws, or, to the best of the Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the Bank, . Borrower represents and warrants that (ca) no consent, approval approval, or authorization of or registration or declaration with any partyPerson, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this the Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith Documents or the performance of obligations of the Borrower herein therein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, ; (db) no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a any defense, offset offset, or counterclaim to any claim relating to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents Obligations; (defined below), and (ec) there are no known claims, causes of action, allegations, suits, debts, liens, obligations, liabilities, demands, losses, costs and costs, or expenses (including attorneys’ fees) of any kind, character character, or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities liabilities, or obligations arising with respect to the indebtedness evidenced by Obligations, any handling of the NotesLoan Collateral, any past charges or payments in respect of the Obligations or Bank’s administration of the credit facilities provided for in the Financing Agreement; and (d) after giving effect to Article II of this Amendment, no Default or Event of Default has occurred and is continuing under the Financing Agreement.

Appears in 2 contracts

Samples: Financing Agreement and Waiver (OVERSTOCK.COM, Inc), Financing Agreement (OVERSTOCK.COM, Inc)

Representations; No Default. The Borrower represents and warrants that: (a) the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, a Default or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, or any provision of the Borrower’s Articles of Incorporation or Bylaws By-Laws or, to the best of the Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the BankLender, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the BankLender, (d) no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below)Documents, and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the BankLender, which might arise out of or be connected with any act of commission or omission of the Bank Lender existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by any promissory note executed by Borrower in favor of the NotesLender, (f) the representations and warranties of Borrower contained in the Loan Agreement are true and correct on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date and (g) except as expressly set forth in Section 2 above, no Default or Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement and Waiver (Nortech Systems Inc), Loan and Security Agreement and Waiver (Nortech Systems Inc)

Representations; No Default. The Borrower represents and warrants that: (a) the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, or any provision of the Borrower’s 's Articles of Incorporation or Incorporation, Bylaws or, to the best of the Borrower’s 's knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the BankLender, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the BankLender, and (d) no events have been taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Credit Agreement or any of the other Loan Documents (defined below), and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesDocuments.

Appears in 2 contracts

Samples: Credit and Security Agreement (Lifecore Biomedical Inc), Credit and Security Agreement (Lifecore Biomedical Inc)

Representations; No Default. The Borrower hereby represents that on and as of the date hereof and after giving effect to this Amendment (a) all of the representations and warranties contained in the Credit Agreement are true, correct and complete in all respects as of the date hereof as though made on and as of such date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they are true and correct as of such earlier date, and (b) there will exist no Unmatured Event of Default or Event of Default on such date which has not been waived by the Lender. The Borrower represents and warrants that: (a) that the Borrower has the power and legal right and authority to enter into this the Amendment Documents and has duly authorized as appropriate the execution and delivery of this the Amendment Document and other agreements and documents executed and delivered by the Borrower in connection herewithherewith or therewith by proper corporate action, (b) neither this and none of the Amendment Documents nor the agreements contained herein therein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, signatory or any a provision of the Borrower’s Articles 's Certificate of Incorporation or Incorporation, Bylaws or, to the best of the Borrower’s 's knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the . The Borrower or any of its property except, if any, in favor of the Bank, (c) represents and warrants that no consent, approval or authorization of or registration or declaration with any partyPerson, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this the Amendment Documents or other agreements and documents executed and delivered by the Borrower in connection herewith therewith or the performance of obligations of the Borrower herein therein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below), and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the Notes.

Appears in 1 contract

Samples: Credit and Security Agreement (Primegg LTD)

Representations; No Default. The Each Borrower represents and warrants that: (a) the such Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the such Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Unmatured Event of Default (an “Unmatured or Event of Default”), Default under the Loan Agreement or a default under any other agreement, instrument or indenture to which the such Borrower is a party or a signatory, or any provision of the such Borrower’s Articles of Incorporation or Bylaws or, to the best of the such Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the such Borrower or any of its property except, if any, in favor of the Bank, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the such Borrower in connection herewith or the performance of obligations of the such Borrower herein described, except for those which the such Borrower has obtained or provided and as to which the such Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) no events have taken place and no circumstances exist at the date hereof which would give the such Borrower grounds to assert a defense, offset or counterclaim to the obligations of the such Borrower under the Loan Agreement or any of the other Loan Documents (defined below)Documents, and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the such Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesNotes (as defined in the Loan Agreement), and (f) after giving effect to the waivers expressly granted in Section 2 above, no Unmatured Event of Default or Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement and Waiver (Intricon Corp)

Representations; No Default. The Borrower Each Loan Party represents and warrants that: (a) upon giving effect to this Amendment, the Borrower representations and warranties of each Loan Party contained in the Credit Agreement are true and correct on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, (b) such Loan Party has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower such Loan Party in connection herewith, (bc) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, a Default or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Credit Agreement or a default under any other agreement, instrument or indenture to which the Borrower such Loan Party is a party or a signatory, or any provision of the Borrowersuch Loan Party’s Articles of Incorporation Incorporation, Articles of Organization, Bylaws, Operating Agreement, or Bylaws other organizational documents or, to the best of the Borrowersuch ​ Loan Party’s knowledge, any other agreement or requirement Requirement of lawLaw, or result in the imposition of any lien or other encumbrance Lien on any of its property under any agreement binding on or applicable to the Borrower such Loan Party or any of its property except, if any, in favor of the BankLender, (cd) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authorityGovernmental Authority, is required in connection with the execution and delivery by the Borrower such Loan Party of this Amendment or other agreements and documents executed and delivered by the Borrower such Loan Party in connection herewith or the performance of obligations of the Borrower such Loan Party herein described, except for those which the Borrower such Loan Party has obtained or provided and as to which the Borrower such Loan Party has delivered certified copies of documents evidencing each such action to the BankLender, (de) no events have taken place and no circumstances exist at the date hereof which would give the Borrower such Loan Party grounds to assert a defense, offset or counterclaim to the obligations of the Borrower such Loan Party under the Loan Credit Agreement or any of the other Loan Documents Documents, (defined below), and (ef) there are no known claims, causes of action, suits, debts, liensLiens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower such Loan Party may have or claim to have against the BankLender, which might arise out of or be connected with any act of commission or omission of the Bank Lender existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesCredit Agreement, (g) upon giving effect to this Amendment, no Default or Event of Default has occurred and is continuing under the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (BBQ Holdings, Inc.)

Representations; No Default. The Each Borrower represents and warrants that: (a) the such Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the such Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Unmatured Event of Default (an “Unmatured or Event of Default”), Default under the Loan Agreement or a default under any other agreement, instrument or indenture to which the such Borrower is a party or a signatory, or any provision of the such Borrower’s Articles of Incorporation or Bylaws or, to the best of the such Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the such Borrower or any of its property except, if any, in favor of the Bank, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the such Borrower in connection herewith or the performance of obligations of the such Borrower herein described, except for those which the such Borrower has obtained or provided and as to which the such Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) no events have taken place and no circumstances exist at the date hereof which would give the such Borrower grounds to assert a defense, offset or counterclaim to the obligations of the such Borrower under the Loan Agreement or any of the other Loan Documents (defined below)Documents, and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the such Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesNotes (as defined in the Loan Agreement), and (f) after giving effect to this Amendment, no Unmatured Event of Default or Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement and Waiver (Intricon Corp)

Representations; No Default. The Each Borrower represents and warrants that: (a) the such Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the such Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Unmatured Event of Default (an “Unmatured or Event of Default”), Default under the Loan Agreement or a default under any other agreement, instrument or indenture to which the such Borrower is a party or a signatory, or any provision of the such Borrower’s Articles of Incorporation or Bylaws or, to the best of the such Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the such Borrower or any of its property except, if any, in favor of the Bank, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the such Borrower in connection herewith or the performance of obligations of the such Borrower herein described, except for those which the such Borrower has obtained or provided and as to which the such Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) no events have taken place and no circumstances exist at the date hereof which would give the such Borrower grounds to assert a defense, offset or counterclaim to the obligations of the such Borrower under the Loan Agreement or any of the other Loan Documents (defined below)Documents, and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the such Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesNotes (as defined in the Loan Agreement), and (f) after giving effect to Sections 4(b) and 4(j) hereof, no Unmatured Event of Default or Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Intricon Corp)

Representations; No Default. The Each Borrower represents and warrants that: (a) the such Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the such Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, a Default or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the such Borrower is a party or a signatory, or any provision of the such Borrower’s Articles of Incorporation or Bylaws or, to the best of the such Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the such Borrower or any of its property except, if any, in favor of the Bank, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the such Borrower of this Amendment or other agreements and documents executed and delivered by the such Borrower in connection herewith or the performance of obligations of the such Borrower herein described, except for those which the such Borrower has obtained or provided and as to which the such Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) no events have taken place and no circumstances exist at the date hereof which would give the such Borrower grounds to assert a defense, offset or counterclaim to the obligations of the such Borrower under the Loan Agreement or any of the other Loan Documents (defined below)Documents, and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the such Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the Notes, and (f) no Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Intricon Corp)

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Representations; No Default. The Each Borrower hereby represents, on and as of the date hereof, and after giving effect to this Amendment, that except as set forth on Schedule 3.2 hereto, all of the representations and warranties contained in the Financing Agreement are true, correct and complete in all material respects as of the date hereof as though made on and as of such date, except to the extent that such representations and warranties relate solely to an earlier date. Each Borrower further represents and warrants that: (a) the that such Borrower has the power and legal right and authority to enter into this Amendment and all of the other Amendment Documents, and that such Borrower has duly authorized as appropriate the execution and delivery of this Amendment and all of the other agreements Amendment Documents by proper corporate or limited liability company action, and documents executed and delivered by none of the Borrower in connection herewith, (b) neither this Amendment Documents nor the agreements contained herein therein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the any Borrower is a party or a signatory, which contravention or any default could reasonably be expected to have a Material Adverse Effect, or a provision of the any Borrower’s Articles of Incorporation (or Bylaws Certificate of Formation) or Bylaws, or Certificate of Limited Partnership or Limited Partnership Agreement (as applicable), or, to the best of the such Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the such Borrower or any of its property except, if any, in favor of the Bank, Agent for the benefit of the Lenders. Each Borrower represents and warrants that (ci) no consent, approval or authorization of or registration or declaration with any partyPerson, including but not limited to any governmental authority, is required in connection with the execution and delivery by the such Borrower of this the Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith Documents or the performance of obligations of the such Borrower herein therein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, (dii) no events have taken place and no circumstances exist at the date hereof which would give such Borrower the Borrower grounds right to assert a any defense, offset or counterclaim to any claim relating to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents Obligations, (defined below), and (eiii) there are no known claims, causes of action, allegations, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the such Borrower may have or claim to have against the BankAgent or any Lender, which might arise out of or be connected with any act of commission or omission of the Bank Agent or any Lender existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by Obligations, any handling of the Notes.Loan Collateral, any past charges or payments in respect of the Obligations or the Agent’s administration of the credit facilities provided for in the Financing Agreement, and (iv) no Event of Default has occurred and is continuing under the Financing Agreement

Appears in 1 contract

Samples: Financing Agreement and Waiver (Suntron Corp)

Representations; No Default. The Borrower hereby represents --------------------------- that on and as of the date hereof and after giving effect to this Amendment (a) all of the representations and warranties contained in the Credit Agreement are true, correct and complete in all respects as of the date hereof as though made on and as of such date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they are true and correct as of such earlier date, and (b) there will exist no Default or Event of Default which has not been waived by the Banks. The Borrower represents and warrants that: (a) that the Borrower has the power and legal right and authority to enter into this Amendment and any other statement, instrument or transaction contemplated hereby or relating hereto, and has duly authorized the execution and delivery of this Amendment and any other agreements and documents executed and delivered statement, instrument or transaction contemplated hereby or relating hereto by proper corporate action, and, except as set forth in Schedule 4.3 to the Borrower in connection herewithCredit Agreement, (b) neither this Amendment Amendment, any other statement, instrument or transaction contemplated hereby or relating hereto, nor the agreements contained herein or therein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, signatory or any a provision of the Borrower’s 's Articles of Incorporation or Incorporation, Bylaws or, to the best of the Borrower’s 's knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the . The Borrower or any of its property except, if any, in favor of the Bank, (c) represents and warrants that no consent, approval or authorization of or registration or declaration with any partyPerson, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment and any other statement, instrument or other agreements and documents executed and delivered by the Borrower in connection herewith transaction contemplated hereby or relating hereto, or the performance of obligations of the Borrower herein or therein described. The Borrower represents and warrants that this Amendment and any other statement, except for those which instrument or transaction contemplated hereby or relating hereto are the Borrower has obtained or provided legal, valid and binding obligations of the Borrower, enforceable in accordance with their terms, subject to limitations as to enforceability which the might result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors' rights generally and subject to general principles of equity. The Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) warrants that no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds a basis to assert a defense, offset or counterclaim to any claim of the Bank as to any obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below), and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesBanks.

Appears in 1 contract

Samples: Credit Agreement (Buca Inc /Mn)

Representations; No Default. The Borrower represents and warrants that: (a) the representations and warranties of the Borrower contained in Article IV of the Loan Agreement are true and correct on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, (b) the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith, (bc) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or the Revolving Note or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, or any provision of the Borrower’s Articles of Incorporation or Bylaws or, to the best of the Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the Bank, (cd) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, (de) no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement Agreement, the Revolving Note or any of the other Loan Documents loan documents, (defined below), and (ef) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesRevolving Note, and (g) no Event of Default has occurred and is continuing under the Loan Agreement or the Revolving Note.

Appears in 1 contract

Samples: Revolving Loan Agreement (Wsi Industries, Inc.)

Representations; No Default. The Borrower hereby represents that on and as of the date hereof and after giving effect to this Amendment (a) all of the representations and warranties contained in the Credit Agreement are true, correct and complete in all respects as of the date hereof as though made on and as of such date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they are true and correct as of such earlier date, and except for the representation in Section 4.5, as reported in the Borrower's earnings release dated February 22, 2001, and (b) there will exist no Default or Event of Default on such date which has not been waived or consented to by the Lender. The Borrower represents and warrants that: (a) that the Borrower has the power and legal right and authority to enter into this Amendment Amendment, and has duly authorized as appropriate the execution and delivery of this Amendment by proper corporate action, and other agreements and documents executed and delivered by the Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, signatory or any a provision of the Borrower’s 's Articles of Incorporation or Incorporation, Bylaws or, to the best of the Borrower’s 's knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the . The Borrower or any of its property except, if any, in favor of the Bank, (c) represents and warrants that no consent, approval or authorization of or registration or declaration with any partyPerson, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described. The Borrower represents and warrants that this Amendment is the legal, except for those which valid and binding obligation of the Borrower, enforceable in accordance with its terms. The Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) warrants that no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds a basis to assert a defense, offset or counterclaim to any claim of the Lender as to any obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below), and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesLender.

Appears in 1 contract

Samples: Credit Agreement (RTW Inc /Mn/)

Representations; No Default. The Borrower hereby represents that on and as of the date hereof and after giving effect to this Amendment (a) all of the representations and warranties contained in the Credit Agreement are true, correct and complete in all respects as of the date hereof as though made on and as of such date, except for changes permitted by the terms of the Credit Agreement, and (b) there will exist no Unmatured Event of Default or Event of Default under the Credit Agreement as amended by this Amendment on such date which has not been waived by the Lender. The Borrower represents and warrants that: (a) that the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized as appropriate the execution and delivery of this the Amendment Document and other agreements and documents executed and delivered by the Borrower in connection herewithherewith or therewith by proper corporate action, (b) and neither this Amendment nor any of the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, signatory or any a provision of the Borrower’s 's Articles of Incorporation or Incorporation, Bylaws or, to the best of the Borrower’s knowledge, 's knowledge any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance Lien on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the Bank, (c) Lender. The Borrower represents and warrants that no consent, approval or authorization of or registration or declaration with any partyPerson, including but not limited to without limitation, any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith therewith or the performance of obligations of the Borrower herein therein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) Lender. The Borrower warrants that no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below), and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesObligations.

Appears in 1 contract

Samples: Credit and Security Agreement (Cryenco Sciences Inc)

Representations; No Default. The Borrower hereby represents that on and as of the date hereof and after giving effect to this Amendment (a) all of the representations and warranties contained in the Credit Agreement are true, correct and complete in all respects as of the date hereof as though made on and as of such date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they are true and correct as of such earlier date, and (b) there will exist no Unmatured Event of Default or Event of Default on such date which has not been waived by the Lender. The Borrower represents and warrants that: (a) that the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized as appropriate the execution and delivery of this the Amendment and other agreements and documents executed and delivered by the Borrower in connection herewithherewith by proper corporate action, (b) and neither this the Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, signatory or any provision of the Borrower’s Articles 's Certificate of Incorporation or Incorporation, Bylaws or, to the best of the Borrower’s 's knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the . The Borrower or any of its property except, if any, in favor of the Bank, (c) represents and warrants that no consent, approval or authorization of or registration or declaration with any partyPerson, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this the Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith therewith or the performance of obligations of the Borrower herein therein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below), and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the Notes.

Appears in 1 contract

Samples: Credit and Security Agreement (Primegg LTD)

Representations; No Default. The Each Borrower represents and warrants that: (a) the representation and warranties contained in Section 7 of the Loan Agreement are true and correct in all material respects, as though made on the date hereof, except to the extent such representation and warranty, by its express terms, relates solely to a prior date, and except that the representations and warranties contained in Section 7.26 of the Loan Agreement shall be true and correct in all material respects, as though made on the date of the financial statements most recently delivered to the Bank pursuant to Section 8.8(a) of the Loan Agreement; (b) such Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the such Borrower in connection herewith, ; (bc) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Unmatured Event of Default (an “Unmatured or Event of Default”), Default under the Loan Agreement or a default under any other agreement, instrument or indenture to which the such Borrower is a party or a signatory, or any provision of the such Borrower’s 's Articles of Incorporation or Bylaws or, to the best of the such Borrower’s 's knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the such Borrower or any of its property except, if any, in favor of the Bank, ; (cd) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the such Borrower in connection herewith or the performance of obligations of the such Borrower herein described, except for those which the such Borrower has obtained or provided and as to which the such Borrower has delivered certified copies of documents evidencing each such action to the Bank, ; (de) no events have taken place and no circumstances exist at the date hereof which would give the such Borrower grounds to assert a defense, offset or counterclaim to the obligations of the such Borrower under the Loan Agreement or any of the other Loan Documents Documents; (defined below), and (ef) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys' fees) of any kind, character or nature whatsoever, fixed or contingent, which the such Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the NotesNotes (as defined in the Loan Agreement); and (g) after giving effect to this Amendment, no Unmatured Event of Default or Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement and Waiver (Intricon Corp)

Representations; No Default. The Borrower represents and warrants that: (a) the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, or any provision of the Borrower’s 's Articles of Incorporation or Incorporation, Bylaws or, to the best of the Borrower’s 's knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the BankLender, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the BankLender, and (d) no events have been taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below), and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the Notes.a

Appears in 1 contract

Samples: Credit and Security Agreement (Lifecore Biomedical Inc)

Representations; No Default. The Borrower represents and warrants that: (a) the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith, (b) neither this Amendment nor the agreements contained herein contravene or constitute an Event of Default, a Default or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower is a party or a signatory, or any provision of the Borrower’s Articles of Incorporation or Bylaws By-Laws or, to the best of the Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the BankLender, (c) no consent, approval or authorization of or registration or declaration with any party, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of this Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith or the performance of obligations of the Borrower herein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the BankLender, (d) no events have taken place and no circumstances exist at the date hereof which would give the Borrower grounds to assert a defense, offset or counterclaim to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents (defined below)Documents, and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the BankLender, which might arise out of or be connected with any act of commission or omission of the Bank Lender existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by any promissory note executed by Borrower in favor of the NotesLender, (f) the representations and warranties of Borrower contained in the Loan Agreement are true and correct on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date and (g) no Default or Event of Default has occurred and is continuing under the Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Nortech Systems Inc)

Representations; No Default. The Each Borrower hereby represents, on and as of the date hereof, and after giving effect to this Amendment, that except as set forth on Schedule 3.2 hereto, all of the representations and warranties contained in the Note Agreement are true, correct and complete in all material respects as of the date hereof as though made on and as of such date, except to the extent that such representations and warranties relate solely to an earlier date. Each Borrower further represents and warrants that: (a) the that such Borrower has the power and legal right and authority to enter into this Amendment and all of the other Amendment Documents, and that such Borrower has duly authorized as appropriate the execution and delivery of this Amendment and all of the other agreements Amendment Documents by proper corporate or limited liability company action, and documents executed and delivered by none of the Borrower in connection herewith, (b) neither this Amendment Documents nor the agreements contained herein therein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the any Borrower is a party or a signatory, which contravention or any default could reasonably be expected to have a Material Adverse Effect, or a provision of the any Borrower’s Articles of Incorporation (or Bylaws Certificate of Formation) or Bylaws, or Certificate of Limited Partnership or Limited Partnership Agreement (as applicable), or, to the best of the such Borrower’s knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the such Borrower or any of its property except, if any, in favor of the Bank, Senior Agent or the Lender. Each Borrower represents and warrants that (ci) no consent, approval or authorization of or registration or declaration with any partyPerson, including but not limited to any governmental authority, is required in connection with the execution and delivery by the such Borrower of this the Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith Documents or the performance of obligations of the such Borrower herein therein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Bank, (dii) no events have taken place and no circumstances exist at the date hereof which would give such Borrower the Borrower grounds right to assert a any defense, offset or counterclaim to any claim relating to the obligations of the Borrower under the Loan Agreement or any of the other Loan Documents Obligations, (defined below), and (eiii) there are no known claims, causes of action, allegations, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the such Borrower may have or claim to have against the BankTxxxxx or any Lender, which might arise out of or be connected with any act of commission or omission of the Bank Txxxxx or any Lender existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by Obligations, any handling of the Notes.Loan Collateral, any past charges or payments in respect of the Obligations or Txxxxx’x administration of the Loans, and (iv) no Event of Default has occurred and is continuing under the Note Agreement

Appears in 1 contract

Samples: Note Purchase Agreement and Waiver (Suntron Corp)

Representations; No Default. The Borrower hereby represents that on and as of the date hereof and after giving effect to this Amendment and the other documents described in Section 4.1 through 4.3 (together with this Amendment, the "Amendment Documents") (a) all of the representations and warranties contained in the Credit Agreement are true, correct and complete in all material respects as of the date hereof as though made on and as of such date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they are true and correct as of such earlier date, and (b) there will exist no Default or Event of Default on such date which has not been waived by the Banks. The Borrower represents and warrants that: (a) that the Borrower Borrower, each of its Subsidiaries and HomeTown has the power and legal right and authority to enter into this the Amendment Documents to which it is party and has duly authorized as appropriate the execution and delivery of this the Amendment Documents by proper corporate action, and other agreements and documents executed and delivered by the Borrower in connection herewith, (b) neither this Amendment, the other Amendment Documents nor the agreements contained herein or therein contravene or constitute an Event of Default, or an event which with the giving of notice or passage of time or both would mature into an Event of Default (an “Unmatured Event of Default”), under the Loan Agreement or a default under any other agreement, instrument or indenture to which the Borrower Borrower, each of its Subsidiaries and HomeTown is a party or a signatory, signatory or any a provision of the Borrower’s Articles 's, such Subsidiary's or HomeTown's certificate of Incorporation or Bylaws incorporation, bylaws or, to the best of the Borrower’s 's knowledge, any other agreement or requirement of law, or result in the imposition of any lien or other encumbrance on any of its property under any agreement binding on or applicable to the . The Borrower or any of its property except, if any, in favor of the Bank, (c) represents and warrants that no consent, approval or authorization of or registration or declaration with any partyPerson, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower Borrower, each of this its Subsidiaries and HomeTown of the Amendment or other agreements and documents executed and delivered by the Borrower in connection herewith Documents to which it is party or the performance of obligations of the Borrower, each of its Subsidiaries and HomeTown herein or therein described. The Borrower herein described, except for those which represents and warrants that the Borrower has obtained or provided and as Amendment Documents to which it, any of its Subsidiaries or HomeTown is a party are the legal, valid and binding obligations of the Borrower, such Subsidiary or HomeTown, enforceable in accordance with their terms. The Borrower has delivered certified copies of documents evidencing each such action to the Bank, (d) warrants that no events have taken place and no circumstances exist circumstance exists at the date hereof which would give the Borrower grounds Borrower, any of its Subsidiaries or HomeTown a basis to assert a defense, offset or counterclaim to any claim of the Agent or any Bank as to any obligations of the Borrower under Borrower, any of its Subsidiaries or HomeTown to the Loan Agreement Agent or any of the other Loan Documents (defined below), and (e) there are no known claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including attorneys’ fees) of any kind, character or nature whatsoever, fixed or contingent, which the Borrower may have or claim to have against the Bank, which might arise out of or be connected with any act of commission or omission of the Bank existing or occurring on or prior to the date of this Amendment, including, without limitation, any claims, liabilities or obligations arising with respect to the indebtedness evidenced by the Notes.

Appears in 1 contract

Samples: Credit Agreement (Buffets Inc)

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