In order to induce Lender to execute and deliver this Amendment, each of the Borrowers and the Guarantor hereby represent to Lender that as of the date hereof, (i) each of the Borrowers and the Guarantor are in full compliance with all of the terms and conditions of the Facility Documents and remains bound by the terms thereof, and (ii) no default or event of default has occurred and is continuing under the Facility Documents .