Common use of Estoppel Clause in Contracts

Estoppel. To induce Agent and the Lenders to enter into this Amendment and to continue to make advances to Borrowers under the Credit Agreement, each Credit Party hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers as against Agent or any Lender with respect to the Obligations.

Appears in 16 contracts

Samples: Revolving Credit and Security Agreement (Emerge Energy Services LP), Revolving Credit and Security Agreement (Emerge Energy Services LP), Revolving Credit and Security Agreement (Emerge Energy Services LP)

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Estoppel. To induce Agent and the Lenders Lender Group to enter into this Amendment and to continue to make advances to Borrowers Borrower under the Credit Agreement, each Credit Party Borrower hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers Borrower as against Agent or any member of the Lender Group with respect to the Obligations.

Appears in 15 contracts

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

Estoppel. To induce Agent and the Lenders to enter into this Amendment and to continue to make advances to Borrowers Borrower under the Credit Agreement, each Credit Loan Party hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers Borrower as against Agent or any Lender with respect to the Obligations.

Appears in 6 contracts

Samples: Credit Agreement (LiveVox Holdings, Inc.), Credit Agreement (LiveVox Holdings, Inc.), Credit Agreement (LiveVox Holdings, Inc.)

Estoppel. To induce Agent and the Lenders to enter into this Amendment and to continue to make advances to Borrowers under the Credit Agreement, each Credit Loan Party hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers any Loan Party as against Agent Agent, any Lender or any Lender other Secured Party with respect to the Obligations, the Credit Agreement or any Other Document.

Appears in 6 contracts

Samples: Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Revolving Credit and Security Agreement (Viant Technology Inc.), Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.)

Estoppel. To induce Agent and the Lenders Lender to enter into this Amendment Amendment, Borrower and to continue to make advances to Borrowers under each of the other Credit Agreement, each Credit Party Parties hereby acknowledges acknowledge and agrees agree that, as of the date hereof, there exists no right of offset, defense, defense or counterclaim or objection in favor of the Borrowers Borrower or any Credit Party as against Agent or any Lender with respect to the Obligationsobligations of Borrower or any Credit Party to Lender under the Credit Agreement or the other Loan Documents, either with or without giving effect to this Amendment.

Appears in 6 contracts

Samples: Credit Agreement (Consolidated Freightways Corp), Credit Agreement (Consolidated Freightways Corp), Credit Agreement (Consolidated Freightways Corp)

Estoppel. To induce Agent and the Lenders Lender to enter into this Amendment and to continue to make advances Advances or issue Letters of Credit to or for the account of the Borrowers under the Credit Agreement, each Credit Party the Loan Parties hereby acknowledges acknowledge and agrees agree that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers Loan Parties as against Agent the Lender or any Lender Bank Product Provider with respect to the Obligations.

Appears in 4 contracts

Samples: Credit and Security Agreement (Novatel Wireless Inc), Credit and Security Agreement (Novatel Wireless Inc), Credit and Security Agreement (Novatel Wireless Inc)

Estoppel. To induce the Administrative Agent and the Term Lenders to enter into this Amendment and to continue to make advances to Borrowers under the Credit AgreementAmendment, each Credit Party hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, to the knowledge of each Credit Party, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers such Credit Party as against the Administrative Agent or any Term Lender with respect to the Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Intersections Inc), Credit Agreement (Intersections Inc)

Estoppel. To induce Agent and the Lenders to enter into this Amendment Waiver and to continue to make advances to the Borrowers under the Credit Agreement, each Credit Party hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers as against the Agent or any Lender with respect to the Obligations.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Emerge Energy Services LP), Revolving Credit and Security Agreement (Emerge Energy Services LP)

Estoppel. To induce Agent and the Lenders Lender to enter into this Amendment and to continue to make advances Advances or issue Letters of Credit to or for the account of the Borrowers under the Credit Agreement, the Loan Parties each Credit Party hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers Loan Parties as against Agent the Lender or any Lender Bank Product Provider with respect to the Obligations.

Appears in 2 contracts

Samples: Credit and Security Agreement (Inseego Corp.), Credit and Security Agreement (Inseego Corp.)

Estoppel. To induce the Agent and the Lenders to enter into this Amendment and to continue to make advances to Borrowers cash collateral available under the Credit Agreement, each Credit Loan Party hereby acknowledges and agrees that, to its knowledge, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers any Borrower as against the Agent or any Lender with respect to the Obligations.

Appears in 2 contracts

Samples: Revolving Credit, Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.), Revolving Credit, Guaranty and Security Agreement (Babcock & Wilcox Enterprises, Inc.)

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Estoppel. To induce the Agent and the Lenders Banks to enter into this Amendment and to continue to make advances to Borrowers under the Credit AgreementAmendment, each Credit Party of the Borrowers hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, defense or counterclaim or objection in favor of the such Borrowers as against Agent the Agent, any Bank or any Lender Letter of Credit Bank with respect to the Obligationsobligations of the Borrowers to any of such parties under the Credit Agreement or the other Loan Documents, either with or without giving effect to this Amendment.

Appears in 2 contracts

Samples: Credit Agreement (Covenant Transport Inc), Credit Agreement (Covenant Transport Inc)

Estoppel. To induce Agent and the Lenders to enter into this Amendment and to continue to make advances to Borrowers under the Credit Agreement, each Credit Loan Party hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers any Borrower or other Loan Party as against Agent Agent, any Lender or any Lender other Secured Party with respect to the Obligations, the Credit Agreement or any Other Document.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (AutoWeb, Inc.)

Estoppel. To induce Agent and the Lenders to enter into this Amendment and to continue to make advances to Borrowers under the Credit Agreement, each Credit Loan Party hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers Borrower as against Agent or any Lender with respect to the Obligations.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Emerge Energy Services LP)

Estoppel. To induce Agent and the Lenders Lender to enter into this Amendment and to continue to make advances to Borrowers under the Credit AgreementAmendment, each of the Borrowers and the other Credit Party Parties hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, defense or counterclaim or objection in favor of the Borrowers or any of the other Credit Parties as against Agent or any the Lender with respect to the Obligationsobligations of the Borrowers or any of the other Credit Parties under the Loan Agreement or the other Loan Documents, either with or without giving effect to this Amendment.

Appears in 1 contract

Samples: Loan and Security Agreement (Ballantyne of Omaha Inc)

Estoppel. To induce Agent and the Lenders party hereto to enter into this Amendment and to continue to make advances to Borrowers under the Credit Agreement, each Credit Party Borrower hereby acknowledges and agrees that, as of the date hereof, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers any Borrower as against Agent Agent, or any Lender with respect to the Obligations., the Credit Agreement or any other Loan Document. ​ [AerSale] Fifth Amendment

Appears in 1 contract

Samples: Credit Agreement (AerSale Corp)

Estoppel. To induce the Administrative Agent and the Lenders Term Lender to enter into this Amendment and to continue to make advances to Borrowers under the Credit AgreementAmendment, each Credit Party hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, to the knowledge of each Credit Party, there exists no right of offset, defense, counterclaim or objection in favor of the Borrowers such Credit Party as against the Administrative Agent or any the Term Lender with respect to the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Intersections Inc)

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