Common use of Representations and Warranties of Assignor Clause in Contracts

Representations and Warranties of Assignor. Each Assignor (i) represents and warrants that (A) it is the legal and beneficial owner of the relevant Assigned Interest, (B) such Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, and (C) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby; and (ii) assumes no responsibility with respect to (A) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (B) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (C) the financial condition of the Borrower, its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (D) the performance or observance by the Borrower, its Subsidiaries or Affiliates or any other Person of any of its obligations under any Loan Document.

Appears in 8 contracts

Samples: Credit Agreement (Penn Virginia Corp), Master Assignment, Increase Agreement and Amendment No. 1 to Credit Agreement (Alta Mesa Holdings, LP), Master Assignment, Agreement and Amendment No. 4 to Credit Agreement (Penn Virginia Corp)

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Representations and Warranties of Assignor. Each Assignor (i) represents and warrants that (A) it is the legal and beneficial owner of the relevant Assigned Interest, (B) such Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, and (C) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby; and (ii) assumes no responsibility with respect to (A) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Credit Document, (B) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Credit Documents or any collateral thereunder, (C) the financial condition of the Borrower, its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Credit Document or (D) the performance or observance by the Borrower, its Subsidiaries or Affiliates or any other Person of any of its obligations under any Loan Credit Document.

Appears in 2 contracts

Samples: Amendment No. 4, Master Assignment, and Agreement to Amended and Restated Credit Agreement (Jagged Peak Energy Inc.), Amendment No. 2, Limited Waiver, Master Assignment, and Agreement to Amended and Restated Credit Agreement (Jagged Peak Energy Inc.)

Representations and Warranties of Assignor. Each Assignor The Assignor (ia) represents and warrants that (Ai) it is the legal and beneficial owner of the relevant Assigned InterestInterests being assigned by it hereunder, (Bii) such Assigned Interest is Interests are free and clear of any lien, encumbrance or other adverse claim, lien or encumbrances and (Ciii) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement Assignment and to consummate the transactions contemplated hereby; , and (iib) makes no representation or warranty and assumes no responsibility with respect to (Ai) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan DocumentAssigned Documents, (Bii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents Assigned Documents, any other instrument or document furnished pursuant thereto or any collateral thereunder, (C) the financial condition of the Borrower, its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document thereunder or (Div) the performance or observance by the Borrower, its Subsidiaries or Affiliates any Note Parties or any other Person of any of its their respective obligations under any Loan Assigned Document.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Soluna Holdings, Inc)

Representations and Warranties of Assignor. Each Assignor (i) represents and warrants that (A) it is the legal and beneficial owner of the relevant Assigned Interest, (B) such Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, and (C) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby; and (ii) it assumes no responsibility with respect to (A) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (B) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (C) the financial condition of the Borrower, its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (D) the performance or observance by the Borrower, its Subsidiaries or Affiliates or any other Person of any of its obligations under any Loan Document.

Appears in 1 contract

Samples: Master Assignment, Agreement and Amendment No. 4 to Second Amended and Restated Credit Agreement (Gastar Exploration Inc.)

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Representations and Warranties of Assignor. Each Assignor (i) represents and warrants that (A) it is the legal and beneficial owner of the relevant Assigned Interest, (B) such Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, and (C) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated hereby, and (D) it is not a Defaulting Lender; and (ii) assumes no responsibility with respect to (A) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (B) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (C) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (D) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of its their respective obligations under any Loan Document.

Appears in 1 contract

Samples: Master Assignment, Borrowing Base Increase Agreement, and Amendment No. 6 to Credit Agreement (Penn Virginia Corp)

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