Common use of Adequate Protection Acknowledgments Clause in Contracts

Adequate Protection Acknowledgments. (a) The Company Parties hereby agree and acknowledge that the Borrowers’ obligations under the A/L Credit Agreement and related Financing Documents, respectively, constitute legal, valid, binding and non-avoidable obligations of the Borrowers, and no offsets, recoupments, challenges, objections, defenses, claims or counterclaims of any kind or nature to any of the Borrowers’obligations under the A/L Credit Agreement exist, and no portion of those obligations is subject to any challenge or defense.

Adequate Protection Acknowledgments. (a) The Company Parties hereby agree and acknowledge that the Borrowers’ obligations under the A/L Brava Credit Agreement and related Financing Documents, respectively, constitute legal, valid, binding and non-avoidable obligations of the BorrowersBorrower, and no offsets, recoupments, challenges, objections, defenses, claims or counterclaims of any kind or nature to any of the Borrowers’obligations Borrower’s obligations under the A/L Brava Credit Agreement exist, and no portion of those obligations is subject to any challenge or defense.