Common use of Acknowledgment of No Defenses Clause in Contracts

Acknowledgment of No Defenses. Borrower acknowledges that it has no defense to (a) Borrower’s obligation to pay the Obligations when due, or (b) the validity, enforceability or binding effect against Borrower or any other Credit Party of the Credit Agreement or any of the other Loan Documents (to the extent a party thereto) or any Liens intended to be created thereby.

Appears in 3 contracts

Samples: Credit Agreement (Gran Tierra Energy Inc.), Credit Agreement (Gran Tierra Energy Inc.), Credit Agreement (Gran Tierra Energy Inc.)

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Acknowledgment of No Defenses. As of the Effective Date, to the knowledge of Borrower, Borrower acknowledges that it has no defense to (a) Borrower’s obligation to pay the Obligations when due, or (b) the validity, enforceability or binding effect against Borrower or any other Credit Loan Party of the Credit Agreement or any of the other Loan Documents (to the extent a party thereto) or any Liens intended to be created thereby.

Appears in 3 contracts

Samples: Limited Waiver to Credit Agreement, Limited Waiver to Credit Agreement (Sunoco LP), Limited Waiver to Senior Secured Term Loan Agreement (Sunoco LP)

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Acknowledgment of No Defenses. As of the Effective Date, no Borrower acknowledges that it has no any defense to (a) such Borrower’s obligation to pay the Obligations when due, or (b) the validity, enforceability or binding effect against each Borrower or any other Credit Loan Party of the Credit Agreement or any of the other Loan Documents (to the extent a party thereto) or any Liens intended to be created thereby.

Appears in 1 contract

Samples: Limited Waiver (Newpark Resources Inc)

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