Common use of Acknowledgments and Stipulations Clause in Contracts

Acknowledgments and Stipulations. Each Borrower acknowledges and stipulates that the Loan Agreement and the other Loan Documents executed by such Borrower are legal, valid and binding obligations of such Borrower that are enforceable against such Borrower in accordance with the terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by each Borrower); the security interests and liens granted by each Borrower in favor of Agent are duly perfected, first priority security interests and liens.

Acknowledgments and Stipulations. Each Borrower acknowledges and stipulates that the Loan Credit Agreement and the other Loan Documents executed by such Borrower Borrowers are legal, valid and binding obligations of such Borrower Borrowers that are enforceable against such Borrower Borrowers in accordance with the terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by each Borrower); and the security interests and liens granted by each Borrower Borrowers in favor of Agent Administrative Agent, for the benefit of itself and Lenders, are duly perfected, first priority security interests and liensliens to the extent provided therein.

Acknowledgments and Stipulations. Each Borrower acknowledges and stipulates that the Loan Agreement and the other Loan Documents Financing Agreements executed by such Borrower are legal, valid and binding obligations of such Borrower that are enforceable against such Borrower in accordance with the terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by each such Borrower); and the security interests and liens granted by each Borrower Borrowers in favor of Agent are duly perfected, first priority security interests and liens, subject only to liens and other encumbrances permitted under the Loan Agreement.

Acknowledgments and Stipulations. Each Borrower acknowledges and stipulates that the Loan Agreement and the other Loan Documents executed by such Borrower Borrowers are legal, valid and binding obligations of such each Borrower that are enforceable against such each Borrower in accordance with the terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by each Borrower); and the security interests and liens granted by each Borrower in favor of Agent Lender are duly perfected, first priority security interests and liens.

Acknowledgments and Stipulations. Each Borrower acknowledges and stipulates that the Loan Credit Agreement and the other Loan Documents executed by such Borrower Borrowers are legal, valid and binding obligations of such Borrower Borrowers that are enforceable against such Borrower Borrowers in accordance with the terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by each Borrower); and the security interests and liens granted by each Borrower Borrowers in favor of Agent Administrative Agent, for the benefit of itself and Lenders, are duly perfected, first priority security interests and liens.

Acknowledgments and Stipulations. Each Borrower acknowledges and stipulates --------------------------------- that the Loan Agreement and the other Loan Documents executed by such Borrower are legal, valid and binding obligations of such Borrower that are enforceable against such Borrower in accordance with the terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by each Borrower); and the security interests and liens Liens granted by each Borrower in favor of Agent Agent, for the benefit of itself and Lenders, are duly perfected, first priority security interests and liensLiens.

Acknowledgments and Stipulations. Each Borrower acknowledges and -------------------------------- stipulates that the Loan Agreement and the other Loan Documents executed by such Borrower are legal, valid and binding obligations of such Borrower that are enforceable against such Borrower in accordance with the terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by each Borrower); and the security interests and liens Liens granted by each Borrower in favor of Agent Agent, for the benefit of itself and Lenders, are duly perfected, first priority security interests and liensLiens.

Acknowledgments and Stipulations. Each Borrower acknowledges and stipulates that the Loan Agreement and the other Loan Documents executed by such Borrower are legal, valid and binding obligations of such Borrower that are enforceable against such Borrower in accordance with the terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by each Borrower); and the security interests and liens Liens granted by each Borrower in favor of Agent Agent, for the benefit of itself and Lenders, are duly perfected, first priority security interests and liensLiens.

Acknowledgments and Stipulations. Each Borrower acknowledges and stipulates that the Loan Agreement and the other Loan Documents executed by such Borrower are legal, valid and binding obligations of such Borrower that are enforceable against such Borrower in accordance with the terms thereof; all of the Obligations are owing and payable without defense, offset or counterclaim (and to the extent there exists any such defense, offset or counterclaim on the date hereof, the same is hereby waived by each Borrower); and the security interests and liens granted by each Borrower Borrowers in favor of Agent Lender are duly perfected, first priority security interests and liens. 24 5.