Tesla 2016 Annual Report Download - page 103

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representationorwarrantywhichbyitstermsismadeasofaspecifieddateshallberequiredtobetrueandcorrectinallmaterialrespectsonlyasofsuchspecified
dateand(y)anyrepresentationorwarrantythatisqualifiedby“materiality”,“MaterialAdverseEffect”orsimilarlanguageshallbetrueandcorrectinall
respects).TheBorrowersrepresentandwarrantthat,immediatelyaftergivingeffecttotheoccurrenceoftheAmendmentEffectiveDate,noDefaultorEventof
Defaulthasoccurredandiscontinuing.TheBorrowersrepresentandwarrantthateachCreditParty(i)hastheBusinesspowerandauthoritytoexecute,deliver
andperformthetermsandprovisionsofthisAgreementandhastakenallnecessaryBusinessactiontoauthorizetheexecution,deliveryandperformanceby
thereofand(ii)hasdulyexecutedanddeliveredthisAgreement,andthatthisAgreementconstitutesalegal,validandbindingobligationoftheBorrowers
enforceableagainsteachBorrowerinaccordancewithitsterms,exceptasenforceabilitymaybelimitedbyapplicablebankruptcy,insolvency,reorganization,
moratoriumorsimilarlawsaffectingtheenforcementofcreditors’rightsgenerallyandbygeneralequitableprinciples(whetherenforcementissoughtby
proceedingsinequityoratlaw).
Section6.GoverningLaw.ThisAgreementandtherightsofthepartieshereundershallbegovernedbyandconstruedinaccordancewiththelawsof
theStateofNewYork(withoutregardtoconflictsoflawprinciplesthatwouldresultintheapplicationofanylawotherthanthelawoftheStateofNewYork).
Section7.EffectofThisAgreement.Exceptasexpresslysetforthherein,thisAgreementshallnotbyimplicationorotherwiselimit,impair,constitute
awaiveroforotherwiseaffecttherightsandremediesofanyLenderorAgentundertheCreditAgreementoranyotherCreditDocument,andshallnotalter,
modify,amendorinanywayaffectanyoftheterms,conditions,obligations,covenantsoragreementscontainedintheCreditAgreementoranyotherCredit
Document,allofwhichareratifiedandaffirmedinallrespectsandshallcontinueinfullforceandeffect.Nothinghereinshallbedeemedtoentitleanypartytoa
consentto,orawaiver,amendment,modificationorotherchangeof,anyoftheterms,conditions,obligations,covenantsoragreementscontainedintheCredit
AgreementoranyotherCreditDocumentinsimilarordifferentcircumstances.
Section8.Counterparts.ThisAgreementmaybesignedinanynumberofcounterparts,eachofwhichshallbeanoriginal,withthesameeffectasif
thesignaturestheretoandheretowereuponthesameinstrument.DeliveryofanexecutedsignaturepageofthisAgreementbyfacsimiletransmissionorelectronic
transmission(e.g.,“pdf”or“tif”)shallbeeffectiveasdeliveryofamanuallyexecutedcounterparthereof.
Section9.Miscellaneous.ThisAgreementshallconstituteaCreditDocumentforallpurposesoftheCreditAgreement.TheBorrowersshallpayall
reasonablefees,costsandexpensesoftheAdministrativeAgentincurredinconnectionwiththenegotiation,preparationandexecutionofthisAgreementandthe
transactionscontemplatedhereby.
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