Estoppel Letters. Borrower covenants to provide Agent, within ten (10) days after request, an estoppel letter stating (i) the balance of the Obligations, (ii) whether Borrower has any defenses to payment of the Obligations, and (iii) the nature of any defenses to payment of the Obligations. Such balance as presented for confirmation and the nonexistence of defenses shall be presumed if Borrower fails to respond to such a request within the required period.
Appears in 4 contracts
Samples: Loan Agreement (Renal Care Group Inc), Loan Agreement (Physicians Resource Group Inc), Loan Agreement (Response Oncology Inc)
Estoppel Letters. Borrower covenants Borrowers covenant to provide Agent, within ten (10) days after request, an estoppel letter stating (i) the balance of the Obligations, (ii) whether Borrower has Borrowers have any defenses to payment of the Obligations, and (iii) the nature of any defenses to payment of the Obligations. Such balance as presented for confirmation and the nonexistence of defenses shall be presumed if Borrower fails Borrowers fail to respond to such a request within the required period.
Appears in 3 contracts
Samples: Credit Agreement (Alfa Corp), Credit Agreement (Books a Million Inc), Credit Agreement (Response Oncology Inc)
Estoppel Letters. Borrower covenants Borrowers covenant to provide Lenders or Collateral Agent, within ten (10) days Business Days after written request, an estoppel letter stating (i) the balance of the Obligations, (ii) whether Borrower has to Borrowers' Knowledge they have any defenses to payment of the Obligations, and (iii) the nature of any such defenses to payment of the Obligations. Such balance as presented for confirmation and the nonexistence of defenses shall be presumed if Borrower fails Borrowers fail to respond to such a written request within the required period.
Appears in 2 contracts
Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)
Estoppel Letters. Borrower covenants Borrowers covenant to provide Lenders or Collateral Agent, within ten (10) days Business Days after written request, an estoppel letter stating (i) the balance of the Obligations, (ii) whether Borrower has to Borrowers’ Knowledge they have any defenses to payment of the Obligations, and (iii) the nature of any such defenses to payment of the Obligations. Such balance as presented for confirmation and the nonexistence of defenses shall be presumed if Borrower fails Borrowers fail to respond to such a written request within the required period.
Appears in 2 contracts
Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)
Estoppel Letters. Borrower covenants to provide Agent, within ten (10) days after request, an estoppel letter stating (i) the balance of the Obligations, (ii) whether Borrower has any defenses to payment of the Obligations, and (iii) the nature of any defenses to payment of the Obligations. Such balance as presented for confirmation and the nonexistence non- existence of defenses shall be presumed if Borrower fails to respond to such a request within the required period.
Appears in 1 contract
Estoppel Letters. Borrower covenants to provide Agent, within ten (10) days after request, an estoppel letter stating (i) the balance of the Obligations, (ii) whether Borrower has any defenses to payment of the Obligations, and (iii) the nature of any defenses to payment of the Obligations. Such balance as presented for confirmation and the nonexistence non existence of defenses shall be presumed if Borrower fails to respond to such a request within the required period.
Appears in 1 contract