Common use of Representations and Warranties of Assignors Clause in Contracts

Representations and Warranties of Assignors. Each Assignor (i) represents and warrants that (A) it is the legal and beneficial owner of the interests that it is assigning under clause (a) above, (B) such interests are 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 6 contracts

Samples: Credit Agreement (Jones Energy, Inc.), Master Assignment, Agreement (Jones Energy, Inc.), Master Assignment, Agreement (Jones Energy, Inc.)

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Representations and Warranties of Assignors. Each Assignor (iA) represents and warrants that (Ai) it is the legal and beneficial owner of the interests that it is assigning under clause (a) aboverelevant Assigned Interest, (Bii) such interests are Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (Ciii) it has full power and authority, and has taken all action necessary, to execute and deliver this Agreement and to consummate the transactions contemplated herebyhereby and (iv) it is not a Defaulting Lender; and (iiB) 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 Credit Document, (Bii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Credit Documents or any collateral thereunder, (Ciii) the financial condition of the Borrower, its Subsidiaries or Affiliates Affiliates, or any other Person obligated in respect of any Loan Credit Document or (Div) 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: Master Assignment, Agreement (Nine Energy Service, Inc.), Master Assignment, Agreement (Nine Energy Service, Inc.)

Representations and Warranties of Assignors. Each Assignor (i) represents and warrants that (A) it is the legal and beneficial owner of the interests interest that it is assigning under clause (a) above, (B) such interests are 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 for the limited purpose of consummating the transactions contemplated herebyby this Section 12.23; and (ii) assumes no responsibility with respect to (A) any statements, warranties or representations made in or in connection with the Existing Credit Agreement or any other Existing Loan Document, (B) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Existing 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 Existing 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 Existing Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Midstates Petroleum Company, Inc.)

Representations and Warranties of Assignors. Each Assignor (i) represents and warrants that (A) it is the legal and beneficial owner of the interests that it is assigning under clause (a) aboverelevant Assigned Interest, (B) such interests are Assigned Interest is free and clear of any lien, encumbrance or other adverse claim 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, the Guarantor, 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 (Alta Mesa Holdings, LP)

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Representations and Warranties of Assignors. Each Assignor (i) represents and warrants that (A) it is the legal and beneficial owner of the interests interest that it is assigning under clause (aSection 2(a) above, (B) such interests are interest is free and clear of any lien, encumbrance or other adverse claim and claim, (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 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 any other Credit Party, 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 1 contract

Samples: Credit Agreement and Master Assignment (Triangle Petroleum Corp)

Representations and Warranties of Assignors. Each Assignor (i) represents and warrants that (A) it is the legal and beneficial owner of the interests interest that it is assigning under clause (aSection 2(a) above, (B) such interests are interest is free and clear of any lien, encumbrance or other adverse claim and claim, (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 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 any other Credit Party, 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 1 contract

Samples: Credit Agreement and Master Assignment (Triangle Petroleum Corp)

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