Representations: Second Lien Note Creditors Clause Samples

Representations: Second Lien Note Creditors. Each Second Lien Note Creditor represents and warrants to the First Lien Creditors and the Security Agent that: (a) it is a corporation, duly incorporated or formed and validly existing under the laws of its jurisdiction of incorporation or formation; (b) the obligations expressed to be assumed by it in this Agreement are, subject to any general principles of law limiting its obligations which are applicable to creditors generally, legal, valid, binding and enforceable obligations; and (c) the entry into and performance by it of this Agreement does not and will not: (i) conflict with any law or regulation applicable to it, its constitutional documents or any agreement or instrument binding upon it or any of its assets; or (ii) constitute a default or termination event (however described) under any agreement or instrument binding on it or any of its assets.