Common use of Nature of Sale Clause in Contracts

Nature of Sale. The purchase, assignment and sale pursuant to this Section 10.28 shall be expressly made without representation or warranty of any kind by the Priority Revolving Lenders as to the Subject Obligations or otherwise and without recourse to the selling Priority Revolving Lenders, except for representations and warranties as to the following: (i) the amount of the Subject Obligations being purchased (including as to the principal of and accrued and unpaid interest on such Subject Obligations, fees and expenses thereof), (ii) that such Priority Revolving Lender owns the Subject Obligations held by it free and clear of any Liens and (iii) such Priority Revolving Lender has the full right and power to assign its Subject Obligations and such assignment has been duly authorized by all necessary corporate action by such Priority Revolving Lender, as the case may be.

Appears in 5 contracts

Samples: First Lien Credit Agreement (Convey Health Solutions Holdings, Inc.), First Lien Credit Agreement (Convey Health Solutions Holdings, Inc.), First Lien Credit Agreement (Convey Holding Parent, Inc.)

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