{"component": "clause", "props": {"groups": [{"samples": [{"hash": "3XAU6CQKuxj", "uri": "/contracts/3XAU6CQKuxj#restatement-date", "label": "Credit Agreement (Piper Sandler Companies)", "score": 37.1533203125, "published": true}, {"hash": "iRX761ZwMjo", "uri": "/contracts/iRX761ZwMjo#restatement-date", "label": "Credit Agreement (Piper Sandler Companies)", "score": 34.1567420959, "published": true}, {"hash": "cbb77Y2blod", "uri": "/contracts/cbb77Y2blod#restatement-date", "label": "Credit Agreement (Piper Sandler Companies)", "score": 33.1519508362, "published": true}], "snippet": "The initial Borrowing following the Restatement Date is subject to the conditions precedent, unless waived by the Lender (and the Borrower, by executing this Agreement, shall be deemed to have certified that all such conditions precedent unless waived are satisfied on the Restatement Date), that:\n(a) The Lender shall have received executed counterparts of each of the following:\n(i) this Agreement;\n(ii) the Note;\n(iii) the fee letter agreement, dated as of December 20, 2022 (the \u201cFee Letter\u201d), between the Borrower and the Lender;\n(iv) a certificate of the Secretary or an Assistant Secretary of the Borrower certifying (A) that there have been no changes in the charter document of the Borrower, as attached thereto and as certified as of a recent date by the Secretary of State (or analogous governmental entity) of the jurisdiction of its organization, since the date of the certification thereof by such governmental entity, (B) as to the bylaws, as attached thereto, of the Borrower as in effect on the date of such certification, (C) as to resolutions of the board of directors of the Borrower authorizing the execution, delivery and performance of each Loan Document to which it is a party, (D) as to a good standing certificate (or analogous documentation if applicable) for the Borrower from the Secretary of State (or analogous governmental entity) of the jurisdiction of its organization as of a recent date, to the extent generally available in such jurisdiction and (E) the names and true signatures of the incumbent officers of the Borrower authorized to sign the Loan Documents to which it is a party, and authorized to request a Borrowing;\n(v) a certificate, signed by an Authorized Officer of the Borrower, stating that on Restatement Date (A) no Default or Event of Default has occurred and is continuing and (B) the representations and warranties in Article V are (1) with respect to any representations or warranties that contain a materiality qualifier, true and correct in all respects as of such date, except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty was true and correct in all respects on and as of such earlier date and (2) with respect to any representations or warranties that do not contain a materiality qualifier, true and correct in all material respects as of such date, except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty was true and correct in all material respects on and as of such earlier date; and\n(vi) a written opinion of the counsel to the Borrower, addressed to the Lender and otherwise in form and substance satisfactory to the Lender.\n(b) The Lender shall have received all fees and other amounts due and payable on or before the Restatement Date, including without limitation (i) the fees specified in the Fee Letter, (ii) any other fees agreed to by the Borrower and the Lender from time to time, and (iii), to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder.\n(c) The Lender shall have received evidence in form, scope and substance reasonably satisfactory to the Lender of current insurance coverage that complies with Section 6.6.\n(d) There shall not have occurred a material adverse change in (i) the business, Property, liabilities (actual and contingent), operations or condition (financial or otherwise), results of operations, or prospects of the Borrower and its Subsidiaries taken as a whole, since December 31, 2021, or (ii) the facts and information regarding such entities as represented by such entities to date.\n(e) The Lender shall have received evidence of all governmental, equity holder and third-party consents and approvals necessary in connection with the contemplated financing, all applicable waiting periods shall have expired without any action being taken by any authority that would be reasonably likely to restrain, prevent or impose any material adverse conditions on the Borrower and its Subsidiaries, taken as a whole, and no Law applies that in the reasonable judgment of the Lender could have such effect.\n(f) No action, suit, investigation or proceeding shall be pending or, to the knowledge of any Loan Party, threatened in any court or before any arbitrator or Governmental Authority that would reasonably be expected to result in a Material Adverse Effect or that seeks to prevent, enjoin or delay any Borrowing.\n(g) The Lender shall have received: (i) a compliance certificate substantially in the form of Exhibit A attached hereto (which certificate may state in Section 4 thereof that the Borrower is in compliance with Section 7.11 hereof as of the Restatement Date without attaching any financial data or computations), (ii) such information as the Lender reasonably requests to confirm the tax, legal, and business assumptions made in such pro forma financial statements, (iii) unaudited consolidated financial statements of the Borrower and its Subsidiaries for the fiscal quarter ended September 30, 2022, (iv) audited consolidated financial statements of the Borrower and its Subsidiaries for the fiscal years ended December 31, 2021, December 31, 2020, and December 31, 2019 and (v) the most recent FOCUS Report.\n(h) Upon the reasonable request of the Lender made at least 10 days before the Restatement Date, the Borrower shall have provided to the Lender the documentation and other information so requested in connection with applicable \u201cknow your customer\u201d and anti-money-laundering Laws, including the PATRIOT Act, in each case at least five days before the Restatement Date.\n(i) The Lender shall have received such other agreements, documents, instruments and certificates as are reasonably requested by the Lender and its counsel, in form and substance reasonably satisfactory to the Lender.", "size": 23, "snippet_links": [{"key": "initial-borrowing", "type": "definition", "offset": [4, 21]}, {"key": "following-the", "type": "definition", "offset": [22, 35]}, {"key": "the-conditions-precedent", "type": "clause", "offset": [67, 91]}, {"key": "by-the-lender", "type": "clause", "offset": [107, 120]}, {"key": "executing-this-agreement", "type": "clause", 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"offset": [3873, 3892]}, {"key": "in-connection-with", "type": "clause", "offset": [3893, 3911]}, {"key": "contemplated-financing", "type": "definition", "offset": [3916, 3938]}, {"key": "waiting-periods", "type": "definition", "offset": [3955, 3970]}, {"key": "any-action", "type": "definition", "offset": [3998, 4008]}, {"key": "reasonably-likely", "type": "definition", "offset": [4052, 4069]}, {"key": "material-adverse-conditions", "type": "clause", "offset": [4105, 4132]}, {"key": "no-law", "type": "clause", "offset": [4193, 4199]}, {"key": "no-action", "type": "definition", "offset": [4282, 4291]}, {"key": "investigation-or-proceeding", "type": "definition", "offset": [4299, 4326]}, {"key": "knowledge-of", "type": "definition", "offset": [4355, 4367]}, {"key": "loan-party", "type": "definition", "offset": [4372, 4382]}, {"key": "governmental-authority", "type": "definition", "offset": [4436, 4458]}, {"key": "material-adverse-effect", "type": "clause", "offset": [4508, 4531]}, {"key": "a-compliance-certificate", "type": "clause", "offset": [4629, 4653]}, {"key": "form-of", "type": "clause", "offset": [4675, 4682]}, {"key": "exhibit-a", "type": "clause", "offset": [4683, 4692]}, {"key": "in-section-4", "type": "clause", "offset": [4738, 4750]}, {"key": "compliance-with-section", "type": "clause", "offset": [4783, 4806]}, {"key": "financial-data", "type": "definition", "offset": [4868, 4882]}, {"key": "such-information", "type": "definition", "offset": [4906, 4922]}, {"key": "pro-forma-financial-statements", "type": "clause", "offset": [5022, 5052]}, {"key": "financial-statements-of-the-borrower-and-its-subsidiaries", "type": "clause", "offset": [5083, 5140]}, {"key": "fiscal-quarter", "type": "clause", "offset": [5149, 5163]}, {"key": "audited-consolidated-financial-statements", "type": "definition", "offset": [5195, 5236]}, {"key": "fiscal-years", "type": "clause", "offset": [5282, 5294]}, {"key": "most-recent", "type": "definition", "offset": [5373, 5384]}, {"key": "focus-report", "type": "definition", "offset": [5385, 5397]}, {"key": "reasonable-request", "type": "definition", "offset": [5412, 5430]}, {"key": "the-borrower-shall", "type": "clause", "offset": [5496, 5514]}, {"key": "and-other-information", "type": "clause", "offset": [5561, 5582]}, {"key": "know-your-customer", "type": "clause", "offset": [5627, 5645]}, {"key": "laundering-laws", "type": "clause", "offset": [5662, 5677]}, {"key": "the-patriot-act", "type": "clause", "offset": [5689, 5704]}, {"key": "each-case", "type": "definition", "offset": [5709, 5718]}, {"key": "five-days", "type": "definition", "offset": [5728, 5737]}, {"key": "other-agreements", "type": "definition", "offset": [5807, 5823]}, {"key": "instruments-and-certificates", "type": "clause", "offset": [5836, 5864]}, {"key": "requested-by", "type": "definition", "offset": [5883, 5895]}], "hash": "1111004598fee9f9d97000b74b244241", "id": 1}, {"samples": [{"hash": "aO8HejVDtty", "uri": "/contracts/aO8HejVDtty#restatement-date", "label": "Credit Agreement", "score": 29.3408622742, "published": true}, {"hash": "gz8Mk9K6inF", "uri": "/contracts/gz8Mk9K6inF#restatement-date", "label": "Credit Agreement (Regis Corp)", "score": 21.0, "published": true}], "snippet": "The Company, each Lender, the Agent and the Co-Administrative Agent agree that on the Restatement Date the following transactions shall be deemed to occur automatically, without further action by any party hereto:\n(a) The Prior Credit Agreement shall be deemed to be amended and restated in its entirety in the form of this Agreement.\n(b) The Co-Administrative Agent shall, promptly after receipt of the Notes reflecting amendments to the Prior Credit Agreement effected hereunder, cancel and return to the Company (upon receipt from the Lenders) the promissory notes being replaced by such Notes. The Company, each Lender, the Agent and the Co-Administrative Agent agree that (i) the restatement transactions provided in the foregoing sentence shall not be effective until the execution of this Agreement by all of the parties hereto and the satisfaction of the conditions precedent set forth in Section 5.01 hereof, (ii) all terms and conditions of the Prior Credit Agreement which are amended and restated by this Agreement shall remain effective until such amendment and restatement becomes effective hereunder, and thereafter shall continue to be effective only as amended and restated by this Agreement, and (iii) the representations, warranties and covenants set forth herein shall become effective concurrently with the execution of this Agreement by all of the parties hereto.\n(c) The Lenders, upon the effectiveness of this Agreement in accordance with its terms, will continue to lend monies and/or make advances, extensions of credit or other financial accommodations to, on behalf of or for the benefit of the Company pursuant hereto, and (i) any loans made under the Prior Credit Agreement which are not repaid on the Restatement Date will automatically, and without further action on the part of the Lenders or the Company, become Revolving Loans under this Agreement held ratably in proportion to the several Commitments of the Lenders hereunder and (ii) any Existing Letter of Credit issued and outstanding under the Prior Credit Agreement will automatically, and without further action on the part of the Lenders or the Company, become Letters of Credit under this Agreement. Any loans under the Prior Credit Agreement which are repaid on the Restatement Date will be paid to the Lenders under the Prior Credit Agreement in such proportions as shall be necessary to (x) repay in full the Loans held by any lenders under the Prior Credit Agreement which are not Lenders hereunder and (y) allow the Loans remaining outstanding hereunder after giving effect to such payment to be held by the Lenders hereunder ratably in proportion to their several Commitments.", "size": 21, "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [13, 24]}, {"key": "the-agent-and-the", "type": "clause", "offset": [26, 43]}, {"key": "administrative-agent", "type": "definition", "offset": [47, 67]}, {"key": "party-hereto", "type": "definition", "offset": [200, 212]}, {"key": "prior-credit-agreement", "type": "definition", "offset": [222, 244]}, {"key": "amended-and-restated", "type": "definition", "offset": [267, 287]}, {"key": "form-of-this-agreement", "type": "clause", "offset": [311, 333]}, {"key": "agent-shall", "type": "definition", "offset": [361, 372]}, {"key": "after-receipt-of", "type": "clause", "offset": [383, 399]}, {"key": "the-notes", "type": "clause", "offset": [400, 409]}, {"key": "amendments-to-the", "type": "clause", "offset": [421, 438]}, {"key": "to-the-company", "type": "definition", "offset": [500, 514]}, {"key": "upon-receipt", "type": "definition", "offset": [516, 528]}, {"key": "the-promissory-notes", "type": "clause", "offset": [547, 567]}, {"key": "restatement-transactions", "type": "definition", "offset": [685, 709]}, {"key": "the-foregoing", "type": "definition", "offset": [722, 735]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [778, 805]}, {"key": "the-parties-hereto", "type": "clause", "offset": [816, 834]}, {"key": "satisfaction-of-the-conditions-precedent", "type": "clause", "offset": [843, 883]}, {"key": "section-501", "type": "clause", "offset": [897, 909]}, {"key": "terms-and-conditions-of-the", "type": "clause", "offset": [927, 954]}, {"key": "by-this-agreement", "type": "clause", "offset": [1009, 1026]}, {"key": "amendment-and-restatement", "type": "definition", "offset": [1061, 1086]}, {"key": "continue-to-be-effective", "type": "clause", "offset": [1137, 1161]}, {"key": "as-amended", "type": "definition", "offset": [1167, 1177]}, {"key": "warranties-and-covenants", "type": "clause", "offset": [1241, 1265]}, {"key": "become-effective", "type": "clause", "offset": [1289, 1305]}, {"key": "effectiveness-of-this-agreement", "type": "clause", "offset": [1412, 1443]}, {"key": "in-accordance-with", "type": "clause", "offset": [1444, 1462]}, {"key": "make-advances", "type": "clause", "offset": [1510, 1523]}, {"key": "extensions-of-credit", "type": "clause", "offset": [1525, 1545]}, {"key": "financial-accommodations", "type": "definition", "offset": [1555, 1579]}, {"key": "on-behalf-of", "type": "definition", "offset": [1584, 1596]}, {"key": "of-the-company", "type": "clause", "offset": [1616, 1630]}, {"key": "revolving-loans", "type": "clause", "offset": [1846, 1861]}, {"key": "commitments-of-the-lenders", "type": "clause", "offset": [1925, 1951]}, {"key": "existing-letter-of-credit", "type": "definition", "offset": [1975, 2000]}, {"key": "issued-and-outstanding", "type": "clause", "offset": [2001, 2023]}, {"key": "letters-of-credit", "type": "clause", "offset": [2154, 2171]}, {"key": "the-loans", "type": "clause", "offset": [2402, 2411]}, {"key": "outstanding-hereunder", "type": "definition", "offset": [2531, 2552]}, {"key": "after-giving", "type": "clause", "offset": [2553, 2565]}, {"key": "payment-to", "type": "clause", "offset": [2581, 2591]}, {"key": "by-the-lenders", "type": "clause", "offset": [2600, 2614]}], "hash": "3a109afbf45d6373dbfd366f4731f6da", "id": 2}, {"samples": [{"hash": "lbyoFZrfHBx", "uri": "/contracts/lbyoFZrfHBx#restatement-date", "label": "Amendment No. 7 to Amended and Restated Credit and Guaranty Agreement and Amendment No. 1 to Pledge and Security Agreement (Playboy, Inc.)", "score": 37.1067771912, "published": true}, {"hash": "1WGP7WpLZMb", "uri": "/contracts/1WGP7WpLZMb#restatement-date", "label": "Credit and Guaranty Agreement (Playboy, Inc.)", "score": 36.8631057739, "published": true}, {"hash": "18W09eCPS3g", "uri": "/contracts/18W09eCPS3g#restatement-date", "label": "Amendment No. 4 to Amended and Restated Credit and Guaranty Agreement (PLBY Group, Inc.)", "score": 36.1950721741, "published": true}], "snippet": "The effectiveness of this Agreement and the obligation of each Lender to make a Loan on the Restatement Date are subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions on or before the Restatement Date:", "size": 15, "snippet_links": [{"key": "effectiveness-of-this-agreement", "type": "clause", "offset": [4, 35]}, {"key": "the-obligation", "type": "clause", "offset": [40, 54]}, {"key": "each-lender", "type": "clause", "offset": [58, 69]}, {"key": "a-loan", "type": "definition", "offset": [78, 84]}, {"key": "subject-to-the", "type": "definition", "offset": [113, 127]}, {"key": "in-accordance-with", "type": "clause", "offset": [152, 170]}], "hash": "8270ac81f117d7075bee8094eae7c2a1", "id": 3}, {"samples": [{"hash": "fxx2960SQwo", "uri": "/contracts/fxx2960SQwo#restatement-date", "label": "Credit Agreement (Manitowoc Co Inc)", "score": 22.3716640472, "published": true}], "snippet": "This Agreement shall become effective upon, and only upon, the satisfaction of each of the following conditions precedent and the obligations of the Lenders to make Loans (other than Term A-2 Loans, which shall be subject to Section 4.02) and of the Issuing Bank to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):\n(a) The Administrative Agent (or its counsel) shall have received from each Credit Party and each financial institution identified on Schedule 2.01 either (i) a counterpart hereof (and, as applicable, of a Omnibus Amendment and Reaffirmation of Guaranty and Security Documents in the form of Exhibit E hereto (the \u201cReaffirmation Agreement\u201d)) signed on behalf of such Credit Party or financial institution or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy or electronic transmission of a signed signature page of this Agreement or such Reaffirmation Agreement) that such party has signed a counterpart of such document.\n(b) The Administrative Agent shall have received documents and certificates relating to the authorization of this Agreement and the transactions contemplated hereby by the Borrowers and each Subsidiary Guarantor in form and substance satisfactory to the Administrative Agent.\n(c) The Administrative Agent shall have received an executed legal opinion (addressed to the Administrative Agent and the Lenders) from (i) \u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP, U.S. counsel for the Credit Parties, and (ii) \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587, French counsel for Manitowoc EMEA Holding SARL and Manitowoc Holding Asia SAS, in each case in form and substance satisfactory to the Administrative Agent. The Borrower hereby requests such counsel to deliver such opinions.\n(d) The Administrative Agent shall have received documents and certificates relating to the organization, existence and good standing of each Borrower and each Subsidiary Guarantor and the authorization of the Transactions in form and substance satisfactory to the Administrative Agent and its counsel.\n(e) The Borrower shall have caused to be delivered to the Administrative Agent insurance certificates or binders naming the Collateral Agent, on behalf of the Secured Creditors, as loss payee for any property insurance policies and additional insured for any general, excess or umbrella, automobile, marine or other similar liability policies, in form and substance acceptable to the Administrative Agent.\n(f) The Administrative Agent shall have received a certificate, dated the Restatement Date and signed by the President, a Vice President or a Financial Officer of the Borrower, confirming compliance as of such date with the conditions set forth in paragraphs (a), (b) and (c) of Section 4.03.\n(g) The Lenders, the Administrative Agent and the Arrangers shall have received all fees and other amounts due and payable on or prior to the Restatement Date, including, to the extent invoiced, reimbursement or payment of all out of pocket expenses required to be reimbursed or paid by the Borrower hereunder.\n(h) All principal, interest, fees and other amounts owing under the Existing Credit Agreement shall have been (or shall substantially contemporaneously be) repaid in full (other than the deemed re-issuance of the Existing Letters of Credit hereunder).\n(i) All governmental and third party approvals necessary or, in the reasonable discretion of the Administrative Agent, advisable in connection with the financing contemplated hereby and the continuing operations of the Borrower and their Subsidiaries shall have been obtained and be in full force and effect.\n(j) The Lenders shall have received (i) satisfactory audited consolidated financial statements of the Borrowers for the two most recent fiscal years ended prior to the Restatement Date as to which such financial statements are available and (ii) satisfactory unaudited interim consolidated financial statements of the Borrowers for each quarterly period ended subsequent to the date of the latest financial statements delivered pursuant to clause (i) of this subsection (j) as to which such financial statements are available.\n(k) The Administrative Agent, in its capacity as Collateral Agent, shall have confirmed that it continues to have Liens creating a first priority security interest in the Collateral, subject to Permitted Liens.\n(l) The Lenders shall have received satisfactory financial projections of the Borrowers for fiscal years 2011 through 2015.", "size": 13, "snippet_links": [{"key": "effective-upon", "type": "clause", "offset": [28, 42]}, {"key": "satisfaction-of", "type": "clause", "offset": [63, 78]}, {"key": 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have received the Note, dated the Restatement Date, duly executed by a duly authorized officer of the Borrower.\n(d) The Lender shall have received a favorable opinion of Lowenstein, Sandler PC, special counsel to the Loan Parties, addres\u2587\u2587\u2587 \u2587\u2587 \u2587\u2587\u2587 L\u2587\u2587\u2587\u2587\u2587, dated the Restatement Date, and in form and substance satisfactory to the Lender.\n(e) The Lender (or Special Counsel) shall have received a counterpart of the Security Agreement, dated the date hereof, signed by the Borrower and each other Loan Party thereto (or a facsimile of a signature page thereof signed by the Borrower) together with the following:\n(i) any certificated securities representing shares of Capital Stock or other similar interests owned by or on behalf of any Loan Party constituting Collateral as of the Restatement Date after giving effect to the Transactions (to the extent not heretofore delivered to the Lender or subject to the provisions of Section 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{"samples": [{"hash": "hvdc8NIP9XI", "uri": "/contracts/hvdc8NIP9XI#restatement-date", "label": "Credit and Guaranty Agreement (PVH Corp. /De/)", "score": 23.4640655518, "published": true}, {"hash": "colaKPSUEAR", "uri": "/contracts/colaKPSUEAR#restatement-date", "label": "Credit and Guaranty Agreement (PVH Corp. /De/)", "score": 23.1081447601, "published": true}, {"hash": "5SsgS6124gZ", "uri": "/contracts/5SsgS6124gZ#restatement-date", "label": "Credit and Guaranty Agreement (Phillips Van Heusen Corp /De/)", "score": 22.434633255, "published": true}], "snippet": "The obligation of each Lender to make a Credit Extension, or to convert its Original Term Loans into Term Loans, its Original Revolving Commitments into Revolving Commitments, and its Original Revolving Loans, if any, into Revolving Loans, on the Restatement Date is subject to the satisfaction or waiver of the following conditions on or before the Restatement Date:", "size": 3, "snippet_links": [{"key": "the-obligation", 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["release", "Release"], ["benchmark-replacement-setting", "Benchmark Replacement Setting"]], "children": [["credit-documents", "Credit Documents"], ["fees", "Fees"], ["organizational-documents-incumbency", "Organizational Documents; Incumbency"], ["personal-property-collateral", "Personal Property Collateral"], ["restatement-date-certificate", "Restatement Date Certificate"]], "size": 162, "id": "restatement-date", "related": [["closing-date", "Closing Date", "Closing Date"], ["restatement", "Restatement", "Restatement"], ["agreement-date", "Agreement Date", "Agreement Date"], ["the-first-closing-date", "The First Closing Date", "The First Closing Date"], ["funding-date", "Funding Date", "Funding Date"]], "related_snippets": [], "updated": "2026-03-14T06:33:37+00:00", "also_ask": ["How can the Restatement Date be leveraged to reset or renegotiate key obligations?", "What essential elements must be included to ensure the Restatement Date is unambiguous and enforceable?", "What are the main risks if the Restatement Date is incorrectly defined or omitted?", "How does the treatment of Restatement Date differ across jurisdictions or standard agreements?", "What evidence is most persuasive in court to prove the parties\u2019 intent regarding the Restatement Date?"], "drafting_tip": "Specify the exact restatement date to prevent confusion; clarify its effect on prior obligations to ensure continuity; reference related documents to maintain consistency.", "explanation": "The restatement-date clause establishes a specific date on which the terms of an agreement or document are reaffirmed or updated. In practice, this clause is used when parties wish to confirm that all provisions, obligations, and representations remain accurate and binding as of a new, specified date\u2014often in the context of amendments, renewals, or refinancing transactions. Its core function is to ensure that all parties are aligned on the current status of the agreement, reducing ambiguity and legal risk by clarifying the effective date of the restated terms."}, "json": true, "cursor": ""}}