Ratification of Obligations. (i) There are no understandings or agreements relating to the Obligations other than the Loan Documents. (ii) Neither the Lenders, any Agent, nor the Issuing Bank are in default under any of the Loan Documents or otherwise have breached any obligations to the Loan Parties. (iii) There are no offsets, counterclaims or defenses to the Obligations or to the rights, remedies or powers of the Administrative Agent, the Collateral Agent, the Issuing Bank, or any Lender in respect of any of the Obligations or any of the Loan Documents, and the Loan Parties agree not to interpose (and each does hereby waive and release) any such defense, set-off or counterclaim in any action brought by the Administrative Agent, the Collateral Agent, the Issuing Bank or any of the Lenders with respect thereto.
Appears in 4 contracts
Samples: Credit Agreement (TLC Vision Corp), Credit Agreement (TLC Vision Corp), Limited Waiver and Amendment to Credit Agreement (TLC Vision Corp)
