Acknowledgments and Admissions Sample Clauses

Acknowledgments and Admissions. Borrower hereby represents, warrants, acknowledges and admits that (i) it has been advised by counsel in the negotiation, execution and delivery of the Loan Documents to which it is a party, (ii) it has made an independent decision to enter into this Agreement and the other Loan Documents to which it is a party, without reliance on any representation, warranty, covenant or undertaking by Administrative Agent or any other Lender Party, whether written, oral or implicit, other than as expressly set out in this Agreement or in another Loan Document delivered on or after the date hereof, (iii) there are no representations, warranties, covenants, undertakings or agreements by any Lender Party as to the Loan Documents except as expressly set out in this Agreement or in another Loan Document delivered on or after the date hereof, (iv) no Lender Party has any fiduciary obligation toward Borrower with respect to any Loan Document or the transactions contemplated thereby, (v) the relationship pursuant to the Loan Documents between Borrower and the other Restricted Persons, on one hand, and each Lender Party, on the other hand, is and shall be solely that of debtor and creditor, respectively, (vi) no partnership or joint venture exists with respect to the Loan Documents between any Restricted Person and any Lender Party, (vii) Administrative Agent is not Borrower's Administrative Agent, but Administrative Agent for Lenders, (viii) should an Event of Default or Default occur or exist, each Lender Party will determine in its sole discretion and for its own reasons what remedies and actions it will or will not exercise or take at that time, (ix) without limiting any of the foregoing, Borrower is not relying upon any representation or covenant by any Lender Party, or any representative thereof, and no such representation or covenant has been made, that any Lender Party will, at the time of an Event of Default or Default, or at any other time, waive, negotiate, discuss, or take or refrain from taking any action permitted under the Loan Documents with respect to any such Event of Default or Default or any other provision of the Loan Documents, and (x) all Lender Parties have relied upon the truthfulness of the acknowledgments in this section in deciding to execute and deliver this Agreement and to become obligated hereunder.
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Acknowledgments and Admissions. Each Borrower hereby represents, warrants, acknowledges and admits that (i) it has been advised by counsel in the negotiation, execution and delivery of the Loan Documents to which it is a party, (ii) no Lender Party has any fiduciary obligation toward such Borrower with respect to any Loan Document or the transactions contemplated thereby, (iii) the relationship pursuant to the Loan Documents between such Borrower and the other Restricted Persons, on one hand, and each Lender Party, on the other hand, is and shall be solely that of debtor and creditor, respectively, and (iv) no partnership or joint venture exists with respect to the Loan Documents between any Restricted Person and any Lender Party.
Acknowledgments and Admissions. EACH OF THE CORPORATION AND THE SUBSIDIARIES HEREBY REPRESENTS, WARRANTS, ACKNOWLEDGES AND ADMITS THAT (A) EACH OF THE CORPORATION AND THE SUBSIDIARIES HAS MADE AN INDEPENDENT DECISION TO ENTER INTO THIS AGREEMENT, WITHOUT RELIANCE ON ANY REPRESENTATION, WARRANTY, COVENANT OR UNDERTAKING BY THE LENDER, WHETHER WRITTEN, ORAL OR IMPLICIT, OTHER THAN AS EXPRESSLY SET OUT IN THIS AGREEMENT OR IN ANOTHER DOCUMENT EXECUTED BY THE LENDER AND DELIVERED AFTER THE DATE HEREOF, (B) THERE ARE NO REPRESENTATIONS, WARRANTIES, COVENANTS, UNDERTAKINGS OR AGREEMENTS BY THE LENDER AS TO THE PURCHASE OF THE CEC NOTE EXCEPT AS EXPRESSLY SET OUT IN THIS AGREEMENT, (C) THE LENDER HAS NO FIDUCIARY OBLIGATION TOWARD THE CORPORATION OR THE SUBSIDIARIES WITH RESPECT TO THIS AGREEMENT, THE RELATED AGREEMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, AND (D) THE LENDER HAS RELIED UPON THE TRUTHFULNESS OF THE ACKNOWLEDGMENTS IN THIS PARAGRAPH 16.14 IN DECIDING TO EXECUTE AND DELIVER THIS AGREEMENT AND TO BECOME OBLIGATED HEREUNDER.
Acknowledgments and Admissions. Canadian Borrower hereby represents, warrants, acknowledges and admits that (i) it has been advised by counsel in the negotiation, execution and delivery of the Canadian Loan Documents to which it is a party, (ii) it has made an independent decision to enter into this Agreement and the other Canadian Loan Documents to which it is a party, without reliance on any representation, warranty, covenant or undertaking by Canadian Agent or any Lender, whether written, oral or implicit, other than as expressly set out in this Agreement or in another Canadian Loan Document delivered on or after the date hereof, (iii) there are no representations, warranties, covenants, undertakings or agreements by any Lender as to the Canadian Loan Documents except as expressly set out in this Agreement or in another Canadian Loan Document delivered on or after the date hereof, (iv) no Lender has any fiduciary obligation toward such Canadian Borrower with respect to any Canadian Loan Document or the transactions contemplated thereby, (v) the relationship pursuant to the Canadian Loan Documents between such Canadian Borrower and the other Restricted Persons, on one hand, and each Lender, on the other hand, is and shall be solely that of debtor and creditor, respectively, (vi) no partnership or joint venture exists with respect to the Canadian Loan Documents between any Restricted Person and any Lender, (vii) Canadian Agent is not such Canadian Borrower's Canadian Agent, but Canadian Agent for Lenders, (viii) without limiting any of the foregoing, Canadian Borrower is not relying upon any representation or covenant by any Lender, or any representative thereof, and no such representation or covenant has been made, that any Lender will, at the time of an Event of Default or Default, or at any other time, waive, negotiate, discuss, or take or refrain from taking any action permitted under the Canadian Loan Documents with respect to any such Event of Default or Default or any other provision of the Canadian Loan Documents, and (ix) all Lender Parties have relied upon the truthfulness of the acknowledgments in this section in deciding to execute and deliver this Agreement and to become obligated hereunder.
Acknowledgments and Admissions. The Borrower hereby represents, warrants, acknowledges and admits that (a) the Borrower has made an independent decision to enter into this Loan Agreement and such other instruments and documents, without reliance on any representation, warranty, covenant or undertaking by the Lender, whether written, oral or implicit, other than as expressly set forth in this Loan Agreement, (b) the Lender has not made any representation, covenant or undertaking to the Borrower in connection with the rights and obligations of the Borrower pursuant to this Loan Agreement or any such instruments and documents, (c) there are no representations, warranties, covenants or undertakings or agreements by the Lender as to this Loan Agreement or such instruments and documents except as expressly set forth herein or therein, (d) the relationship between the Lender and the Borrower, pursuant to this Loan Agreement and such instruments and documents, is and shall be solely that of creditor and debtor, respectively, (e) the Lender has relied upon the truthfulness of the foregoing acknowledgments in deciding to execute and deliver this Loan Agreement and to accept the Note.
Acknowledgments and Admissions. Working Interest Owner hereby represents, warrants, agrees, acknowledges and admits that Royalty Owner is not a fiduciary or an advisor for Working Interest Owner with respect to any Production Payment Document or the transactions contemplated thereby and that no partnership or joint venture exists with respect to the Production Payment Documents between Working Interest Owner and Royalty Owner.
Acknowledgments and Admissions. 38 16.16 JOINT ACKNOWLEDGMENT...........................................................................38 16.17 WAIVER OF JURY TRIAL, PUNITIVE DAMAGES, ETC....................................................38 -iv- 6 SEVEN SEAS PETROLEUM INC. NOTE PURCHASE AND LOAN AGREEMENT THIS AGREEMENT is entered into effective July 9, 2001, between SEVEN SEAS PETROLEUM INC., a Cayman Islands exempted company limited by shares (the "Corporation") and all of the Subsidiaries of the Corporation (as defined in paragraph 3.2) and CHESAPEAKE ENERGY CORPORATION, an Oklahoma corporation (the "Lender").
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Acknowledgments and Admissions. 48 Section 8.2. Survival of Agreements; Cumulative Nature . . . . . . . . . . . . . . . . . . . . . . . . . 48 Section 8.3. Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Section 8.4. Joint and Several Liability: Parties in Interest . . . . . . . . . . . . . . . . . . .
Acknowledgments and Admissions. 83 11.9 Counterparts...............................83 11.10 Governing Law; Submission to Jurisdiction..83 11.11
Acknowledgments and Admissions. The Company hereby represents, warrants, acknowledges and admits that (a) it has made an independent decision to enter into this Agreement and the other Loan Documents to which it is a party, without reliance on any representation, warranty, covenant or undertaking by any Bank Party, whether written, oral or implicit, other than as expressly set out in this Agreement or in another Loan Document, (b) there are no representations, warranties, covenants, undertakings or agreements by any Bank Party as to the Loan Documents except as expressly set out in this Agreement or in another Loan Document, (c) no Bank Party has any fiduciary obligation toward the Company with respect to any Loan Document or the transactions contemplated thereby, and the Administrative Agent, the Letter of Credit Agent and the Agents are not the Company's agents but are agents for the Banks, and (d) no partnership or joint venture exists with respect to the Loan Documents between the Company and any of the Bank Parties.
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