Common use of No Defenses or Setoffs Clause in Contracts

No Defenses or Setoffs. There are no defenses, credits, or setoffs to the payment of the indebtedness evidenced by the Notes or the enforceability of the Notes or the Loan Agreement or any of the Loan Documents against Borrowers, EIM, EIA and 21st Century, nor are there any claims, actions or causes of action which could be asserted against the Bank relating to the transactions evidenced by the Notes, the Loan Agreement, this Amendment or the transactions relating thereto. The obligations described herein and in the Notes are absolute and non-contingent.

No Defenses or Setoffs. There are no defenses, credits, or setoffs to the payment of the indebtedness Debt evidenced by the Notes or the other Loan Documents or the enforceability of the Notes or the Loan Agreement or any of the other Loan Documents against Borrowers, EIM, EIA and 21st Centuryeither Obligor, nor are there any claims, actions or causes of action which could be asserted against the Bank relating to the transactions evidenced by the Notes, the Loan Agreement, this Amendment Amendment, the other Loan Documents or the transactions relating thereto. The obligations described herein herein, in the Notes and in the Notes other loan Documents are absolute and non-contingent.

No Defenses or Setoffs. There are no defenses, credits, or setoffs to ---------------------- the payment of the indebtedness evidenced by the Notes or the enforceability of the Notes or the Loan Agreement or any of the Loan Documents against Borrowers, EIM, EIA and 21st CenturyBorrowers or Equity, nor are there any claims, actions or causes of action which could be asserted against the Bank relating to the transactions evidenced by the Notes, the Loan Agreement, this Amendment or the transactions relating thereto. The obligations described herein and in the Notes are absolute and non-contingent.

No Defenses or Setoffs. There are no defenses, credits, or setoffs to ---------------------- the payment of the indebtedness evidenced by the Notes or the enforceability of the Notes or the Loan Agreement or any of the Loan Documents against Borrowers, EIM, EIA and 21st Century, nor are there any claims, actions or causes of action which could be asserted against the Bank relating to the transactions evidenced by the Notes, the Loan Agreement, this Amendment or the transactions relating thereto. The obligations described herein and in the Notes are absolute and non-contingent.

No Defenses or Setoffs. There are no defenses, credits, or setoffs to the payment of the indebtedness Debt evidenced by the Notes or the other Loan Documents or the enforceability of the Notes or the Loan Agreement or any of the other Loan Documents against Borrowers, EIM, EIA and 21st Centuryeither Obligor, nor are there any claims, actions or causes of action which could be asserted against the Bank relating to the transactions evidenced by the Notes, the Loan Agreement, this Amendment Amendment, the other Loan Documents or the transactions relating thereto. thereto The obligations described herein herein, in the Notes and in the Notes other Loan Documents are absolute and non-contingent.

No Defenses or Setoffs. There are no defenses, credits, or setoffs to the payment of the indebtedness Debt evidenced by the Notes or the other Loan Documents or the enforceability of the Notes or the Loan Agreement or any of the other Loan Documents against Borrowers, EIM, EIA and 21st Centuryeither Obligor, nor are there any claims, actions or causes of action which could be asserted against the Bank relating to the transactions evidenced by the Notes, the Loan Agreement, this Amendment Amendment, the other Loan Documents or the transactions relating thereto. The obligations described herein herein, in the Notes and in the Notes other Loan Documents are absolute and non-contingent.

No Defenses or Setoffs. There are no defenses, credits, or setoffs to ---------------------- the payment of the indebtedness evidenced by the Notes or the enforceability of the Notes or the Loan Agreement or any of the Loan Documents against Borrowers, EIM, EIA and 21st CenturyBorrowers or Subsidiaries, nor are there any claims, actions or causes of action which could be asserted against the Bank relating to the transactions evidenced by the Notes, the Loan Agreement, this Amendment or the transactions relating thereto. The obligations described herein and in the Notes are absolute and non-contingent.