Representation by the Banks. Each of the Banks represents --------------------------- that it is the present intention of such Bank to acquire its Note for its own account or for the account of its Affiliates and not with a view to the distribution or sale thereof, subject, nevertheless to the necessity that such Bank remain in control at all times of the disposition of property held by it for its own account; it being understood that the foregoing representations shall not affect the characterization of the Loans as commercial lending transactions.
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Samples: Credit Agreement (Barrett Resources Corp), Credit Agreement (Barrett Resources Corp)
Representation by the Banks. Each of the Banks represents --------------------------- that it is the present intention of such Bank to acquire its Note Notes for its own account or for the account of its Affiliates and not with a view to the distribution or sale thereof, subject, nevertheless to the necessity that such Bank remain in control at all times of the disposition of property held by it for its own account; it being understood that the foregoing representations shall not affect the characterization of the Revolving Credit Loans as commercial lending transactions.
Appears in 2 contracts
Samples: Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp)
Representation by the Banks. Each of the Banks represents --------------------------- that it is the present intention of such Bank to acquire its Note Notes for its own account or for the account of its Affiliates and not with a view to the distribution or sale thereof, subject, nevertheless to the necessity that such Bank remain in control at all times of the disposition of property Property held by it for its own account; it being understood that the foregoing representations shall not affect the characterization of the Loans as commercial lending transactions.
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