Common use of No Defenses or Setoffs Clause in Contracts

No Defenses or Setoffs. To Borrower’s knowledge, each Note and each Note Mortgage is free of any claim for credit, deduction, discount, allowance, defense (including the defense of usury), dispute, counter-claim, or setoff.

Appears in 2 contracts

Samples: Loan Agreement (Iron Bridge Mortgage Fund LLC), Loan and Security Agreement (Iron Bridge Mortgage Fund LLC)

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No Defenses or Setoffs. To Borrower’s 's knowledge, each Eligible Note and each Note Mortgage is free of any claim for credit, deduction, discount, allowance, defense (including the defense of usury), dispute, counter-claim, or setoff.

Appears in 1 contract

Samples: Loan and Security Agreement (Angel Oak Mortgage, Inc.)

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No Defenses or Setoffs. To Borrower’s knowledge, each Eligible Note and each Note Mortgage is free of any claim for credit, deduction, discount, allowance, defense (including the defense of usury), dispute, counter-claim, or setoff.

Appears in 1 contract

Samples: Loan and Security Agreement (InPoint Commercial Real Estate Income, Inc.)

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