Common use of Concerning the Assignor Clause in Contracts

Concerning the Assignor. The Assignor (i) represents that as of the date hereof, its Commitment percentage (without giving effect to assignments thereof which have not yet become effective) is %, and the outstanding balance of its Loan (unreduced by any assignments thereof which have not yet become effective) is $ ; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Agreement or any other instrument or document furnished pursuant thereto, other than that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or the performance or observance by the Borrower of any of its obligations under the Agreement, the Note, or any Collateral Document or any other instrument or document furnished pursuant thereto; and (iv) attaches the Note delivered to it under the Agreement and requests that the Borrower exchange such Note for a new Note payable to each of the Assignor and the Assignee as follows: Notes Payable to the Order of: Amount of Note [Name of Assignor] [Note ($ )] [Name of Assignee] [Note ($ )]

Appears in 2 contracts

Samples: Loan Agreement (GMX Resources Inc), Credit Agreement (Evergreen Resources Inc)

AutoNDA by SimpleDocs

Concerning the Assignor. The Assignor (i) represents that as of the date hereof, its Commitment percentage (without giving effect to assignments thereof which have not yet become effective) is ___%, and the outstanding balance of its Loan (unreduced by any assignments thereof which have not yet become effective) is $ $_____________; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Agreement or any other instrument or document furnished pursuant thereto, other than that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or the performance or observance by the Borrower of any of its obligations under the Agreement, the Note, or any Collateral Document or any other instrument or document furnished pursuant thereto; and (iv) attaches the Note delivered to it under the Agreement and requests that the Borrower exchange such Note for a new Note payable to each of the Assignor and the Assignee as follows: Notes Payable to the Order ofOf: Amount of Note ---------------- -------------- [Name of Assignor] [Note ($ )] [Name of Assignee] [Note ($ )]

Appears in 1 contract

Samples: Credit Agreement (Evergreen Resources Inc)

Concerning the Assignor. The Assignor (i) represents that as of the date hereof, its Commitment percentage (without giving effect to assignments thereof which have not yet become effective) is ___%, and the outstanding balance of its Loan (unreduced by any assignments thereof which have not yet become effective) is $ $_____________; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Agreement or any other instrument or document furnished pursuant thereto, other than that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or the performance or observance by the Borrower of any of its obligations under the Agreement, the Note, or any Collateral Document or any other instrument or document furnished pursuant thereto; and (iv) attaches the Note delivered to it under the Agreement and requests that the Borrower exchange such Note for a new Note payable to each of the Assignor and the Assignee as follows: Notes Payable to the Order of: Amount of Note ---------------- -------------- [Name of Assignor] [Note ($ )] [Name of Assignee] [Note ($ )]

Appears in 1 contract

Samples: Loan Agreement (GMX Resources Inc)

Concerning the Assignor. The Assignor (i) represents that as of the date hereof, its Commitment percentage (without giving effect to assignments thereof which have not yet become effective) is _____ %, and the outstanding balance of its Loan (unreduced by any assignments thereof which have not yet become effective) is $ _____ ; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Agreement or any other instrument or document furnished pursuant thereto, other than that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or the performance or observance by the Borrower of any of its obligations under the Agreement, the Note, or any Collateral Document or any other instrument or document furnished pursuant thereto; and (iv) attaches the Note delivered to it under the Agreement and requests that the Borrower exchange such Note for a new Note payable to each of the Assignor and the Assignee as follows: Notes Payable to the Order of: Amount of Note [Name of Assignor] [Note ($ )] [Name of Assignee] [Note ($ )]

Appears in 1 contract

Samples: Loan Agreement (GMX Resources Inc)

Concerning the Assignor. The Assignor (i) represents that as of the date hereof, its it Commitment percentage (without giving effect to assignments thereof which have not yet become effective) is __ %, and the outstanding balance of its Loan (unreduced by any assignments thereof which have not yet become effective) is $ ____________ ; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Agreement or any other instrument or document furnished pursuant thereto, other than that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or the performance or observance by the Borrower of any of its obligations under the Agreement, the Note, or any Collateral Document or any other instrument or document furnished pursuant thereto; and (iv) attaches the Note delivered to it under the Agreement and requests that the Borrower exchange such Note for a new Note payable to each of the Assignor and the Assignee as follows: Notes Payable to the Order of: Amount of Note ---------------- -------------- [Name of Assignor] [Note ($ )] [(Name of Assignee] [Note ($ )]

Appears in 1 contract

Samples: Credit Agreement (Evergreen Resources Inc)

Concerning the Assignor. The Assignor (i) represents that as of the date hereof, its Commitment percentage (without giving effect to assignments thereof which have not yet become effective) is %, and the outstanding balance of its Loan (unreduced by any assignments thereof which have not yet become effective) is $ ; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Agreement or any other instrument or document furnished pursuant thereto, other than that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or the performance or observance by the Borrower of any of its obligations under the Agreement, the Note, or any Collateral Document or any other instrument or document furnished pursuant thereto; and (iv) attaches the Note delivered to it under the Agreement and requests that the Borrower exchange such Note for a new Note payable to each of the Assignor and the Assignee as follows: Notes Payable to the Order ofof : Amount of Note [Name of Assignor] [Note ($ )] [Name of Assignee] [Note ($ )]] EXHIBIT B

Appears in 1 contract

Samples: Loan Agreement (GMX Resources Inc)

AutoNDA by SimpleDocs

Concerning the Assignor. The Assignor (i) represents that as of the date hereof, its Commitment percentage (without giving effect to assignments thereof which have not yet become effective) is ___%, and the outstanding balance of its Credit Loan (unreduced by any assignments thereof which have not yet become effective) is $ $______________; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Agreement or any other instrument or document furnished pursuant thereto, other than that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower Borrowers or the performance or observance by the Borrower Borrowers of any of its obligations under the Agreement, the NoteNotes, the Collateral Documents or any Collateral other Loan Document or any other instrument or document furnished pursuant thereto; and (iv) attaches the Note delivered to it under the Agreement and requests that the Borrower Borrowers exchange such Note for a new Note Notes payable to each of the Assignor and the Assignee as follows: Notes Payable to the Order of: Amount of Note ----------------- --------------- [Name of Assignor] [Note ($ )] [Name of Assignee] [Note ($ )]

Appears in 1 contract

Samples: Credit Agreement (Hornbeck Leevac Marine Services Inc)

Concerning the Assignor. The Assignor (i) represents that as of the date hereof, its Commitment percentage (without giving effect to assignments thereof which have not yet become effective) is %, and the outstanding balance of its Credit Loan (unreduced by any assignments thereof which have not yet become effective) is $ ; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Agreement or any other instrument or document furnished pursuant thereto, other than that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower Borrowers or the performance or observance by the Borrower Borrowers of any of its obligations under the Agreement, the NoteNotes, the Collateral Documents or any Collateral other Loan Document or any other instrument or document furnished pursuant thereto; and (iv) attaches the Note delivered to it under the Agreement and requests that the Borrower Borrowers exchange such Note for a new Note Notes payable to each of the Assignor and the Assignee as follows: Notes Payable to the Order of: Amount of Note [Name of Assignor] [Note ($ )] [Name of Assignee] [Note ($ )]

Appears in 1 contract

Samples: Credit Agreement (Hornbeck Offshore Services Inc /La)

Concerning the Assignor. The Assignor (i) represents that as of the date hereof, its Commitment percentage (without giving effect to assignments thereof which have not yet become effective) is ___%, and the outstanding balance of its Loan (unreduced by any assignments thereof which have not yet become effective) is $ $_____________; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Agreement or any other instrument or document furnished pursuant thereto, other than that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any adverse claim; (iii) makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Borrower or the performance or observance by the Borrower of any of its obligations under the Agreement, the Note, or any Collateral Document or any other instrument or document furnished pursuant thereto; and (iv) attaches the Note delivered to it under the Agreement and requests that the Borrower exchange such Note for a new Note payable to each of the Assignor and the Assignee as follows: Notes Payable to the Order ofof : Amount of Note [Name of Assignor] [Name of Assignee] Amount of Note [Note ($ )] [Name of Assignee] [Note ($ )]

Appears in 1 contract

Samples: Loan Agreement (GMX Resources Inc)

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