Common use of No Defense Clause in Contracts

No Defense. The Borrower has no defenses to (a) payment, counterclaims or rights of set-off with respect to the Secured Obligations on the date hereof or (b) the validity, enforceability or binding effect against the Borrower of the Credit Agreement or any of the other Loan Documents or any Liens intended to be created thereby.

Appears in 15 contracts

Samples: Term Loan Credit Agreement (Southcross Energy Partners, L.P.), Revolving Credit Agreement (Southcross Energy Partners, L.P.), Revolving Credit Agreement (Southcross Energy Partners, L.P.)

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No Defense. The Borrower acknowledges that Borrower has no defenses defense to (a) paymentBorrower’s obligation to pay the Obligations when due, counterclaims or rights of set-off with respect to the Secured Obligations on the date hereof or (b) the validity, enforceability or binding effect against the Borrower of the Credit Agreement or any of the other Loan Documents Papers or any Liens intended to be created thereby.

Appears in 9 contracts

Samples: Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc)

No Defense. The Borrower acknowledges that Borrower has no defenses defense to (a) paymentBorrower’s obligation to pay the Obligations when due, counterclaims or rights of set-off with respect to the Secured Obligations on the date hereof or (b) the validity, enforceability or binding effect against the Borrower of the Credit Agreement or any of the other Loan Credit Documents or any Liens intended to be created thereby.

Appears in 7 contracts

Samples: Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc), Credit Agreement (Denbury Resources Inc)

No Defense. The Borrower has no defenses to (a) payment, counterclaims or ---------- rights of set-off with respect to the Secured Obligations on the date hereof or (b) the validity, enforceability or binding effect against the Borrower of the Credit Agreement or any of the other Loan Documents or any Liens intended to be created therebyhereof.

Appears in 3 contracts

Samples: Credit Agreement (Patina Oil & Gas Corp), Credit Agreement (Patina Oil & Gas Corp), Credit Agreement (Patina Oil & Gas Corp)

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No Defense. The Borrower has no defenses to (a) payment, counterclaims or rights of set-off with respect to the Secured Obligations on the date hereof or (b) the validity, enforceability or binding effect against the Borrower of the Amendment or the Amended Credit Agreement or any of the other Loan Documents or any Liens intended to be created thereby.

Appears in 1 contract

Samples: Agreement (Southcross Energy Partners, L.P.)

No Defense. The Borrower has no defenses to (a) payment, counterclaims or rights of set-off with respect to the Secured Obligations on the date hereof or (b) the validity, enforceability or binding effect against the Borrower of the Credit Agreement or any of the other Loan Documents or any Liens intended to be created thereby.or

Appears in 1 contract

Samples: Credit Agreement

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