Common use of No Defense Clause in Contracts

No Defense. Borrower has no defense to payment of, or any counterclaim or rights of set-off with respect to, all or any portion of the Obligations.

Appears in 14 contracts

Samples: Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Delta Petroleum Corp/Co)

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No Defense. No Borrower has no any defense to payment ofpayment, or any counterclaim or rights of set-off with respect to, all or any portion of to the ObligationsLender Indebtedness on the date hereof.

Appears in 7 contracts

Samples: Credit Agreement (Maverick Tube Corporation), Credit Agreement (Maverick Tube Corporation), Credit Agreement (Maverick Tube Corporation)

No Defense. No Borrower has no any defense to payment ofpayment, or any counterclaim or rights of set-off with respect to, all or any portion of to the ObligationsSecured Obligations on the date hereof.

Appears in 4 contracts

Samples: Credit Agreement (Edgen Group Inc.), Security Agreement (Stewart & Stevenson LLC), Credit Agreement (Edgen Murray II, L.P.)

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No Defense. Borrower has no defense to the payment of, or any counterclaim or rights of set-off with respect to, all or any portion of the Obligations.

Appears in 4 contracts

Samples: Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Delta Petroleum Corp/Co)

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