Further Lender Representations Sample Clauses
The "Further Lender Representations" clause requires the lender to make additional statements or assurances about its authority, capacity, or compliance beyond the standard representations. Typically, this clause may obligate the lender to confirm it is duly organized, has the legal power to enter into the agreement, and is not subject to any restrictions or legal proceedings that would prevent it from fulfilling its obligations. By including these further representations, the clause provides the borrower with greater assurance regarding the lender’s legitimacy and ability to perform, thereby reducing the risk of disputes or unenforceable commitments.
Further Lender Representations. Unless Section 11.13.1(a) or 11.13.1(d) is true with respect to a Lender, such Lender further represents and warrants, as of the date it became a Lender hereunder, and covenants, from the date it became a Lender to the date it ceases to be a Lender hereunder, for the benefit of, Agent and not, for the avoidance of doubt, to or for the benefit of any Obligor, that Agent is not a fiduciary with respect to the assets of such Lender involved in its entrance into, participation in, administration of and performance of the Loans, Letters of Credit, Commitments and Loan Documents (including in connection with the reservation or exercise of any rights by Agent under any Loan Document).
Further Lender Representations. SECTION 13. BENEFIT OF AGREEMENT; ASSIGNMENTS AND PARTICIPATIONS 13.1 Successors and Assigns 13.2 Participations 13.2.1 Permitted Participants; Effect 13.2.2 Voting Rights 13.2.3 Benefit of Set-Off 13.3 Assignments 13.3.1 Permitted Assignments 13.3.2 Register 13.3.3 Effect; Effective Date 13.3.4 Certain Assignees SECTION 14. MISCELLANEOUS 14.1 Consents, Amendments and Waivers 14.1.1 Amendment 14.1.2 Limitations 14.1.3 Payment for Consents 14.2 Indemnity 14.3 Notices and Communications 14.3.1 Notice Address 178183179184179184179184179184179185180185180185180185180185186186186180186180186181187181187181187181187182188182188182188182189183189183189183189183189184190185191185191185191185191 -ix- 14.3.2 Electronic Communications; Voice Mail 14.3.3 Platform 14.3.4 Non-Conforming Communications 14.4 Performance of the Loan Parties’ Obligations 14.5 Credit Inquiries 14.6 Severability 14.7 Cumulative Effect; Conflict of Terms 14.8 Counterparts 14.9 Entire Agreement 14.10 Relationship with Lenders 14.11 No Advisory or Fiduciary Responsibility 14.12 Confidentiality 14.13 [Intentionally Omitted] Acknowledgment Regarding QFCs 14.13.1 Covered Party 14.13.2 Definitions 14.14 GOVERNING LAW 14.15 Consent to Forum 14.15.1 Forum 14.16 Waivers by the Loan Parties 14.17 Patriot Act Notice 14.18 Canadian Anti-Money Laundering Legislation 14.19 Reinstatement 14.20 Nonliability of Lenders 14.21 INTERCREDITOR AGREEMENT 14.22 Amendment and Restatement 14.23 Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions 14.24 Senior Notes Issuance 185192186192186192186192187193187193187193187193187193187193187194188194195195195188195188195189195189196189196190197190197190197191198191198192199193 -x-