Common use of Status of Obligations Clause in Contracts

Status of Obligations. Borrower hereby confirms and agrees that all Loans and all other Obligations outstanding under the Credit Agreement and the other Credit Documents as of the date hereof were duly and validly created and incurred by Borrower hereunder, that all such outstanding amounts are owed in accordance with the terms of the Credit Agreement and other Credit Documents, and that there are no rights of offset, defense, counterclaim, claim or objection in favor of Borrower arising out of or with respect to any of the Loans or other Obligations of Borrower to the Agents or the Lenders, and any such rights of offset, defense, counterclaim, claims or objections have been and are hereby waived and released by Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Vari Lite International Inc), Temporary Waiver Agreement (Vari Lite International Inc), Amendment No. 6 and Waiver (Vari Lite International Inc)

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Status of Obligations. Borrower hereby confirms and --------------------- agrees that all Loans and all other Obligations outstanding under the Credit Agreement and the other Credit Loan Documents as of the date hereof were duly and validly created and incurred by Borrower hereunderthereunder, that all such outstanding amounts are owed in accordance with the terms of the Credit Agreement and other Credit Loan Documents, and that there are no rights of offset, defense, counterclaim, claim or objection in favor of Borrower arising out of or with respect to any of the Loans or other Obligations of Borrower to the Agents or the Lenders, and any such rights of offset, defense, counterclaim, claims or objections have been and are hereby waived and released by Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Global Payments Inc), Credit Agreement (Global Payments Inc), Credit Agreement (Global Payments Inc)

Status of Obligations. Borrower hereby confirms and agrees that all Loans and all other Obligations outstanding under the Credit Agreement and the other Credit Loan Documents as of the date hereof were duly and validly created and incurred by Borrower hereunderthereunder, that all such outstanding amounts are owed in accordance with the terms of the Credit Agreement and other Credit Loan Documents, and that there are no rights of offset, defense, counterclaim, claim or objection in favor of Borrower arising out of or with respect to any of the Loans or other Obligations of Borrower to the Agents Administrative Agent or the Lenders, and any such rights of offset, defense, counterclaim, claims or objections have been and are hereby waived and released by Borrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Kaneb Services LLC), Revolving Credit Agreement (Kaneb Pipe Line Operating Partnership Lp)

Status of Obligations. Borrower hereby confirms and --------------------- agrees that all Loans and all other Obligations outstanding under the Credit Agreement and the other Credit Loan Documents as of the date hereof were duly and validly created and incurred by Borrower hereunderthereunder, that all such outstanding amounts are owed in accordance with the terms of the Credit Agreement and other Credit Loan Documents, and that there are no rights of offset, defense, counterclaim, claim or objection in favor of Borrower arising out of or with respect to any of the Loans or other Obligations of Borrower to the Agents Administrative Agent or the Lenders, and any such rights of offset, defense, counterclaim, claims or objections have been and are hereby waived and released by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (National Data Corp), Credit Agreement (National Data Corp)

Status of Obligations. Borrower hereby confirms and agrees that all Revolving Loans and all other Obligations outstanding under the Credit Agreement and the other Credit Loan Documents as of the date hereof were duly and validly created and incurred by Borrower hereunderthereunder, that all such outstanding amounts are owed in accordance with the terms of the Credit Agreement and other Credit Loan Documents, and that there are no rights of offset, defense, counterclaim, claim or objection in favor of Borrower arising out of or with respect to any of the Loans or other Obligations of Borrower to the Agents or the LendersLender, and any such rights of offset, defense, counterclaim, claims or objections have been and are hereby waived and released by Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fulton Financial Corp)

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Status of Obligations. The Borrower hereby confirms and agrees that all Revolving Loans and all other Obligations outstanding under the Credit Agreement and the other Credit Loan Documents as of the date hereof were duly and validly created and incurred by the Borrower hereunderthereunder, that all such outstanding amounts are owed in accordance with the terms of the Credit Agreement and other Credit Loan Documents, and that there are no rights of offset, defense, counterclaim, claim or objection in favor of the Borrower arising out of or with respect to any of the Revolving Loans or other Obligations of the Borrower to the Agents or the LendersLender, and any such rights of offset, defense, counterclaim, claims or objections have been and are hereby waived and released by the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fulton Financial Corp)

Status of Obligations. Borrower hereby confirms and agrees that all Loans and all other Obligations outstanding under the Credit Agreement and the other Credit Loan Documents as of the date hereof were duly and validly created and incurred by Borrower hereunderthereunder, that all such outstanding amounts are owed in accordance with the terms of the Credit Agreement and other Credit Loan Documents, and that there are no rights of offset, defense, counterclaim, claim or objection in favor of Borrower arising out of or with respect to any of the Loans or other Obligations of Borrower to the Agents or the Lenders, and any such rights of offset, defense, counterclaim, claims or objections have been and are hereby waived and released by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Global Payments Inc)

Status of Obligations. Borrower hereby confirms and agrees that all Loans and all other Obligations outstanding under the Credit Agreement and the other Credit Loan Documents as of the date hereof were duly and validly created and incurred by Borrower hereunderthere under, that all such outstanding amounts are owed in accordance with the terms of the Credit Agreement and other Credit Loan Documents, and that there are no rights of offset, defense, counterclaim, claim or objection in favor of or Borrower arising out of or with respect to any of the Loans or other Obligations of or Borrower to the Agents or the Lenders, and any such rights of offset, defense, counterclaim, claims or objections objectives have been and are hereby waived and released by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Global Payments Inc)

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