Common use of Acknowledgments and Consents Clause in Contracts

Acknowledgments and Consents. The Obligor (i) acknowledges that the Assigned Agreement is in full force and effect and that there are no other amendments, modifications or supplements thereto, either oral or written; (ii) represents and warrants that it has not assigned, transferred or pledged the Assigned Agreement to any third party; (iii) represents and warrants that it has no knowledge of any existing default by the Assignor in the performance of any provision of the Assigned Agreement; (iv) acknowledges and consents to the Assignor’s pledge and assignment of the Assigned Agreement to the Collateral Agent; (v) acknowledges the right of the Collateral Agent in the exercise of its rights and remedies under the Security Documents to take all actions and exercise all rights of the Assignor under the Assigned Agreement as if it were the Assignor; (vi) acknowledges and agrees that this Consent satisfies Section 21.1 of the Assigned Agreement; and (vii) acknowledges and agrees that the Collateral Agent is entitled to notices under the Assigned Agreement pursuant to Section 21.7 thereof.

Acknowledgments and Consents. The Obligor (i) acknowledges that the Assigned Agreement is in full force and effect and that there are no other amendments, modifications or supplements thereto, either oral or written; (ii) represents and warrants that it has not assigned, transferred or pledged the Assigned Agreement to any third party; (iii) represents and warrants that it has no knowledge of any existing default by the Assignor in the performance of any provision of the Assigned Agreement; (iv) acknowledges and consents to the Assignor’s pledge and assignment of the Assigned Agreement to the Collateral AgentLender; (v) acknowledges the right of the Collateral Agent Lender in the exercise of its rights and remedies under the Security Documents to take all actions and exercise all rights of the Assignor under the Assigned Agreement as if it were the Assignor; (vi) acknowledges and agrees that this Consent satisfies Section 21.1 of the Assigned Agreement; and (vii) acknowledges and agrees that the Collateral Agent Lender is entitled to notices under the Assigned Agreement pursuant to Section 21.7 thereof.