Common use of Offsets and Defenses Clause in Contracts

Offsets and Defenses. The Borrower has no offsets or defenses to its obligations under the Loan Documents or the documents evidencing and securing the Obligations and no claims or counterclaims against the Administrative Agent or the Lenders.

Appears in 5 contracts

Samples: Loan Agreement (Tropicana Las Vegas Hotel & Casino, Inc.), Loan Agreement (Tropicana Las Vegas Hotel & Casino, Inc.), Limited Duration Waiver (Tropicana Las Vegas Hotel & Casino, Inc.)

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Offsets and Defenses. The Borrower has no offsets or defenses to its obligations under the Loan Documents or the documents evidencing and securing the Obligations and no claims or counterclaims against any of the Administrative Agent Agents or the Lenders.

Appears in 5 contracts

Samples: Credit Agreement (Aladdin Gaming Holding LLC), Credit Agreement (Aladdin Gaming Holding LLC), Credit Agreement (Aladdin Gaming Enterprises Inc)

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