Acknowledgment of Liabilities. (a) Each Company hereby acknowledges that it is unconditionally liable to Creditor Parties under the Purchase Agreement and the Related Agreements to which it is a party for the payment of all Liabilities, and no Company has any defenses, counterclaims, deductions, credits, claims or rights of setoff or recoupment with respect to the Liabilities.
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Samples: Forbearance and Fifth Amendment Agreement (usell.com, Inc.), Forbearance and Fourth Amendment Agreement (usell.com, Inc.), Forbearance and Third Amendment Agreement (usell.com, Inc.)
Acknowledgment of Liabilities. (a) Each Company hereby acknowledges that it is unconditionally liable to Creditor Parties under the Purchase Agreement and the Related Agreements to which it is a party for the payment of all Liabilities, and no Company has any defenses, counterclaims, deductions, credits, claims or rights of setoff or recoupment with respect to the Liabilities.
Appears in 2 contracts
Samples: Note Purchase Agreement (usell.com, Inc.), Note Purchase Agreement (usell.com, Inc.)
Acknowledgment of Liabilities. (a) Each Company hereby acknowledges that it is unconditionally liable to Creditor Parties Purchasers and Agent under the Note Purchase Agreement and the Related Agreements to which it is a party for the payment of all Liabilities, and no Company has any defenses, counterclaims, deductions, credits, claims or rights of setoff or recoupment with respect to the Liabilities.
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