Common use of No Defense Clause in Contracts

No Defense. Borrower acknowledges that Borrower has no defense to (i) Borrower’s obligation to pay any amount payable under any Loan Document when due, or (ii) the validity, enforceability or binding effect against Borrower of the Credit Agreement or any of the other Loan Documents or any Liens intended to be created thereby.

Appears in 3 contracts

Samples: Third Amendment to Second Amended and Restated Credit Agreement and Forbearance Agreement (Teton Energy Corp), Third Amendment to Second Amended and Restated Credit Agreement and Forbearance Agreement (Teton Energy Corp), Third Amendment to Second Amended and Restated Credit Agreement and Forbearance Agreement (Teton Energy Corp)

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No Defense. Borrower acknowledges that Borrower has no defense defenses to (ia) Borrower’s obligation to pay any amount payable under any Loan Document the Obligations when due, or (iib) the validity, enforceability or binding effect against Borrower and each Loan Party, as applicable, of the Credit Agreement or any of the other Loan Documents or any Liens intended to be created thereby.

Appears in 3 contracts

Samples: Credit Agreement (Blueknight Energy Partners, L.P.), Credit Agreement (Blueknight Energy Partners, L.P.), Credit Agreement (Blueknight Energy Partners, L.P.)

No Defense. Borrower acknowledges that Borrower has no defense to (ia) Borrower’s obligation to pay any amount payable under any Loan Document the Lender Indebtedness when due, or (iib) the validity, enforceability or binding effect against Borrower of the Credit Agreement or any of the other Loan Documents or any Liens intended to be created thereby.

Appears in 2 contracts

Samples: Credit Agreement (Quicksilver Gas Services LP), Credit Agreement (Quicksilver Gas Services LP)

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No Defense. Borrower acknowledges that Borrower has no defense to (ia) Borrower’s 's obligation to pay any amount payable under any Loan Document the Obligations when due, or (iib) the validity, enforceability or binding effect against Borrower of the Credit Agreement or any of the other Loan Documents Papers or any Liens intended to be created thereby.

Appears in 1 contract

Samples: Credit Agreement (Denbury Resources Inc)

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