Common use of No Defenses; Reliance Clause in Contracts

No Defenses; Reliance. Loan Parties hereby confirm and reconfirm that there are no existing defenses, claims, counterclaims or rights of recoupment or set-off against Administrative Agent in connection with the negotiation, preparation, execution, performance or any other matters relating to the Loan Documents or this Agreement. It is hereby and thereby further acknowledged and agreed that notwithstanding anything to the contrary set forth in this Agreement, Administrative Agent has and shall have no obligation to further amend the Loan Documents, or otherwise further restructure the Obligations, and that neither Administrative Agent nor its representatives have made any agreements with, or commitments or representations or warranties to, Loan Parties (either in writing or orally) other than as expressly stated in this Agreement. Nothing contained in this Agreement, or any compliance with the terms of this Agreement or any of the instruments, agreements or documents referred to in this Agreement, shall impose any obligation on the part of Administrative Agent to consummate a further restructure of the Obligations.

No Defenses; Reliance. Loan Parties Company Affiliates hereby confirm and reconfirm that there are no existing defenses, claims, counterclaims or rights of recoupment or set-off against Administrative Agent and/or Banks in connection with the negotiation, preparation, execution, performance or any other matters relating to the Loan Documents or this Agreement. It is hereby and thereby further acknowledged and agreed that notwithstanding anything to the contrary set forth in this Agreement, Administrative Agent has Banks have and shall have no obligation to further amend the Loan Documents, or otherwise further restructure the Obligations, and that neither Administrative Agent Banks nor its their representatives have made any agreements with, or commitments or representations or warranties to, Loan Parties Company Affiliates (either in writing or orally) other than as expressly stated in this Agreement. Nothing contained in this Agreement, or any compliance with the terms of this Agreement or any of the instruments, agreements or documents referred to in this Agreement, shall impose any obligation on the part of Administrative Agent or Banks to consummate a further restructure of the Obligations.