Common use of No Recourse or Warranties; Defaulting Creditors Clause in Contracts

No Recourse or Warranties; Defaulting Creditors. (a) The First Lien Creditors will be entitled to rely on the statements, representations, and warranties in the Purchase Notice without investigation, even if the First Lien Creditors are notified that any such statement, representation, or warranty is not or may not be true.

Appears in 4 contracts

Samples: Intercreditor Agreement (Spinal Elements Holdings, Inc.), Intercreditor Agreement (Rand Logistics, Inc.), Intercreditor Agreement (Implant Sciences Corp)

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No Recourse or Warranties; Defaulting Creditors. (a) The First Lien Creditors Claimholders will be entitled to rely on the statements, representations, and warranties in the Purchase Notice without investigation, even if the First Lien Creditors Claimholders are notified that any such statement, representation, or warranty is not or may not be true.

Appears in 3 contracts

Samples: Intercreditor Agreement (Terran Orbital Corp), Intercreditor Agreement (Terran Orbital Corp), Intercreditor Agreement (Cal Dive International, Inc.)

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