Common use of Certain Agreements of Borrowers Clause in Contracts

Certain Agreements of Borrowers. The enforceability of any agreement of a Borrower in the Credit Agreement providing: (i) for specific performance of such Borrower’s obligations; (ii) for the right of any purchaser of a participation interest from any Lender to set off or apply any deposit, property or indebtedness with respect to any such participation interest; (iii) for establishment of a contractual rate of interest payable after judgment; (iv) for adjustments of payments among Lenders or rights of set off; (v) for the granting of any power of attorney; (vi) for survival of liabilities and obligations of any party under the Credit Agreement arising after the effective date of termination of the Credit Agreement; (vii) for obligations to make an agreement in the future; (viii) that any act done in contravention thereof is void or voidable; (ix) for the survival of any claim beyond any applicable statute of limitation; or (x) for the severability of provisions in the Credit Agreement.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Dominion Resources Inc /Va/), Revolving Credit Agreement (Dominion Resources Inc /Va/), Revolving Credit Agreement (Virginia Electric & Power Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.