This excerpt taken from the PLL 8-K filed Jun 27, 2006.
REPRESENTATIONS AND WARRANTIES
In order to induce the Lenders, the Issuing Bank and the Agents to enter into the Credit Agreement and make Loans and issue, amend, renew or extend Letters of Credit thereunder, each Subsidiary Loan Party represents and warrants to each Lender, the Issuing Bank and each Agent as set forth below.
SECTION 2.01. Credit Agreement Representations and Warranties. The representations and warranties contained in Article III of the Credit Agreement, insofar as the representations and warranties contained therein are applicable to any Subsidiary Loan Party and its properties, are true and correct in all material respects, each such representation and warranty set forth in such Article (insofar as applicable as aforesaid) and all other terms of the Credit Agreement to which reference is made therein, together with all related definitions and ancillary provisions, being hereby incorporated into this Guaranty by reference as though specifically set forth in this Article.
SECTION 2.02. Financial Condition, etc. Each Subsidiary Loan Party has knowledge of each other Loan Partys financial condition and affairs and it has adequate means to obtain from each such Loan Party on an ongoing basis information relating thereto and to such Loan Partys ability to pay and perform the Obligations, and agrees to assume the responsibility for keeping, and to keep, so informed for so long as this Guaranty is in effect. Each Subsidiary Loan Party acknowledges and agrees that the Lenders, the Issuing Bank and the Agents shall have no obligation to investigate the financial condition or affairs of any Loan Party for the benefit of such Subsidiary Loan Party nor to advise such Subsidiary Loan Party of any fact respecting, or any change in, the financial condition or affairs of any other Loan Party that might become known to any Lender, the Issuing Bank or any Agent at any time, whether or not such Lender, the Issuing Bank or such Agent knows or believes or has reason to know or believe that any such fact or change is unknown to such Subsidiary Loan Party, or might (or does) materially increase the risk of such Subsidiary Loan Party as guarantor, or might (or would) affect the willingness of such Subsidiary Loan Party to continue as a guarantor of the Obligations.
SECTION 2.03. Best Interests. It is in the best interests of each Subsidiary Loan Party to execute this Guaranty inasmuch as such Subsidiary Loan Party will, as a result of being a Subsidiary of the Company and an Affiliate of the other Borrowers, derive substantial direct and indirect benefits from the Loans made from time to time to the Borrowers by the Lenders and the Letters or Credit issued, amended, renewed or extended by the Issuing Bank pursuant to the Credit Agreement, and each Subsidiary Loan Party agrees that the Lenders, the Issuing Bank and the Agents are relying on this representation in agreeing to make Loans and issue, amend, renew or extend Letters of Credit to the Borrowers.