Common use of Borrower Acknowledgements Clause in Contracts

Borrower Acknowledgements. In the event that the Borrower is marketing its own Bankers' Acceptances in accordance with Section 6.5(2), the Borrower hereby agrees that it shall make its own arrangements for the marketing and sale of the Bankers' Acceptances to be issued hereunder and that the Lender shall have no obligation nor be responsible in that regard. The Borrower further acknowledges and agrees that the availability of purchasers for Bankers' Acceptances requested to be issued hereunder, as well as all risks relating to the purchasers thereof, are its own risk.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement (Baytex Energy Corp.)

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Borrower Acknowledgements. In the event that the Borrower is marketing its own Bankers' Acceptances in accordance with Section 6.5(2), the Borrower hereby agrees that it shall make its own arrangements for the marketing and sale of the Bankers' Acceptances to be issued hereunder and that the Lender shall have no obligation nor be responsible in that regard. The Borrower further acknowledges and agrees that the availability of purchasers for Bankers' Acceptances requested to be issued hereunder, as well as all risks relating to the purchasers thereof, are its own risk.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement (Trident Resources Corp)

Borrower Acknowledgements. In the event that the Borrower is marketing its own Bankers' Acceptances in accordance with Section 6.5(25.3(b), the Borrower hereby agrees that it shall make its own arrangements for the marketing and sale of the such Bankers' Acceptances to be issued hereunder and that neither the Lender Agent nor the Lenders shall have no any obligation nor be responsible in that regard. The Borrower further acknowledges and agrees that the availability of purchasers for such Bankers' Acceptances requested to be issued hereunder, as well as all risks relating to the purchasers thereof, are its own risk.

Appears in 2 contracts

Samples: Credit Agreement (SemGroup Corp), Credit Agreement (SemGroup Corp)

Borrower Acknowledgements. In the event that the Borrower is marketing its own Bankers' Acceptances in accordance with Section 6.5(25.3(b), the Borrower hereby agrees that it shall make its own arrangements for the marketing and sale of the such Bankers' Acceptances to be issued hereunder and that neither the Lender Agent nor the Lenders shall have no any obligation nor be responsible in that regard. The Borrower further acknowledges and agrees that the availability of purchasers for such Bankers' Acceptances requested to be issued hereunder, as well as all risks relating to the purchasers thereof, are its own risk.

Appears in 2 contracts

Samples: Credit Agreement (Kinder Morgan Canada LTD), Credit Agreement (Kinder Morgan Canada LTD)

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Borrower Acknowledgements. In the event that the Borrower is marketing its own Bankers' Acceptances in accordance with Section 6.5(2), the Borrower hereby agrees that it shall make its own arrangements for the marketing and sale of the Bankers' Acceptances to be issued hereunder and that the Lender Lenders shall have no obligation nor be responsible in that regard. The Borrower further acknowledges and agrees that the availability of purchasers for Bankers' Acceptances requested to be issued hereunder, as well as all risks relating to the purchasers thereof, are its own risk.

Appears in 1 contract

Samples: Credit Agreement (Pacific Energy Partners Lp)

Borrower Acknowledgements. In the event that the Borrower is marketing its own Bankers' Acceptances in accordance with Section 6.5(24.6(c), the Borrower hereby agrees that it shall make its own arrangements for the marketing and sale of the Bankers' Acceptances to be issued hereunder and that the Lender Lenders shall have no obligation nor be responsible in that regard. The Borrower further acknowledges and agrees that the availability of purchasers for Bankers' Acceptances requested to be issued hereunder, as well as all risks relating to the purchasers thereof, are its own risk.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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