Common use of DECLARATION OF NO OFFSET Clause in Contracts

DECLARATION OF NO OFFSET. Mortgagor represents to Mortgagee that Mortgagor has no knowledge of any offsets, counterclaims or defenses to the Liabilities either at law or in equity. Mortgagor shall, within ten (10) days after written request, furnish to Mortgagee or Mortgagee’s designee a written statement in form reasonably satisfactory to Mortgagee stating the amount due under the Liabilities and whether, to Mortgagor’s knowledge, there are offsets or defenses against the same, and if so, the nature and extent thereof.

Appears in 8 contracts

Samples: Security Agreement and Fixture Filing (Radnor Holdings Corp), Security Agreement and Fixture Filing (Radnor Holdings Corp), Security Agreement and Fixture Filing (Radnor Holdings Corp)

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DECLARATION OF NO OFFSET. Mortgagor represents to Mortgagee that Mortgagor has no knowledge of any offsets, counterclaims or defenses to the Liabilities either at law or in equity. Mortgagor shall, within ten three (103) days after written requestupon request in person or within seven (7) days upon request by mail, furnish to Mortgagee or Mortgagee’s 's designee a written statement in form reasonably satisfactory to Mortgagee stating the amount due under the Liabilities and whether, to Mortgagor’s knowledge, whether there are offsets or defenses against the same, and if so, the nature and extent thereof.

Appears in 4 contracts

Samples: Mortgage and Security Agreement (Burlington Coat Factory Warehouse Corp), Mortgage and Security Agreement (Levitt Corp), Construction Loan Agreement (Arvida JMB Partners L P)

DECLARATION OF NO OFFSET. Mortgagor represents to Mortgagee that Mortgagor has no knowledge of any offsets, counterclaims or defenses to the Liabilities either at law or in equity. Mortgagor shall, within ten (10) days after written request, furnish to Mortgagee or Mortgagee’s 's designee a written statement in form reasonably satisfactory to Mortgagee stating the amount due under the Liabilities and whether, to Mortgagor’s 's knowledge, there are offsets or defenses against the same, and if so, the nature and extent thereof.

Appears in 2 contracts

Samples: Radnor Holdings Corp, Radnor Holdings Corp

DECLARATION OF NO OFFSET. Mortgagor represents to Mortgagee that Mortgagor has no knowledge of any offsets, counterclaims or defenses to the Liabilities either at law or in equity. Mortgagor shall, within ten five (105) business days after written requestupon request in person or within seven (7) business days upon request by mail, furnish to Mortgagee or Mortgagee’s designee a written statement in form reasonably satisfactory to Mortgagee stating the amount due under the Liabilities and whether, to Mortgagor’s knowledge, whether there are offsets or defenses against the same, and if so, the nature and extent thereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Exactech Inc)

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DECLARATION OF NO OFFSET. Mortgagor represents to Mortgagee that Mortgagor has no knowledge of any offsets, counterclaims or defenses to the Liabilities Obligations either at law or in equity. Mortgagor shall, within five (5) days upon request in person or within ten (10) days after written requestupon request by mail, furnish to Mortgagee or Mortgagee’s designee a written statement in form reasonably satisfactory to Mortgagee stating the amount due under the Liabilities Obligations and whether, to Mortgagor’s knowledge, whether there are offsets or defenses against the same, and if so, the nature and extent thereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Ep Medsystems Inc)

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