Common use of Representation of Lenders Clause in Contracts

Representation of Lenders. Each Lender hereby represents that (a) it is a commercial lender or financial institution, (b) it will make any Revolving Credit Loan for its own account, (c) subject to subsection 10.2, the disposition of evidence of Indebtedness held by that Lender shall at all times be within its exclusive control, and (d) its participation as a Lender hereunder and extension of credit in respect hereof will not require registration or qualification under any securities laws.

Appears in 2 contracts

Samples: Credit Agreement (Nu Kote Holding Inc /De/), Credit Agreement (Nu Kote Holding Inc /De/)

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Representation of Lenders. Each Lender hereby represents that (a) it is a commercial commer- cial lender or financial institution, (b) institution which makes loans in the ordinary course of its business and that it will make any Revolving Credit Loan for its own accountaccount in the ordinary course of such business and that, (c) subject to subsection 10.2, the disposition of evidence of Indebtedness held by that Lender shall at all times be within its exclusive control, and (d) its participation as a Lender hereunder and extension of credit in respect hereof will not require registration or qualification under any securities laws.

Appears in 1 contract

Samples: Possession Credit Agreement (Wherehouse Entertainment Inc)

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Representation of Lenders. Each Lender hereby represents that (a) it is a commercial lender or financial institution, (b) institution which makes loans in the ordinary course of its business and that it will make any Revolving Credit each Loan hereunder for its own accountaccount in the ordinary course of such business; provided, (c) however, that, subject to subsection 10.29.2, the disposition of evidence the Notes or other evidences of Indebtedness held by that Lender shall at all times be within its exclusive control, and (d) its participation as a Lender hereunder and extension of credit in respect hereof will not require registration or qualification under any securities laws.. Each UK Lender

Appears in 1 contract

Samples: Credit Agreement (Owens Illinois Inc /De/)

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