Common use of Acknowledgment of Defaults Clause in Contracts

Acknowledgment of Defaults. The Designated Events of Default constitute Events of Default under the Credit Agreement. The Company acknowledges that, because of the Events of Default, the Lenders are permitted and entitled to decline to provide further credit or Advances to the Company, to terminate the commitments, to accelerate the Obligations, and to exercise any other rights or remedies that may be available under the Credit Agreement or under applicable law. The Company represents to the Agent and Lenders that, to the best of its knowledge, there are no Defaults or Events of Default other than the Designated Events of Default.

Acknowledgment of Defaults. The Designated Events of Default constitute Events of Default under the Credit Agreement. The Company acknowledges that, because of the Events of Default, the Lenders are Lender is permitted and entitled to decline to provide further credit or Advances to the Company, to terminate the commitments, to accelerate the Obligations, and to exercise any other rights or remedies that may be available under the Credit Agreement Facility Documents or under applicable law. The Company represents to the Agent and Lenders Lender that, to the best of its knowledge, there are no Defaults or Events of Default other than the Designated Events of Default.