Sufficiency of Recitals. All recitals in any instrument of assignment or any other instrument executed by Secured Party incident to the sale, transfer, assignment or other disposition or utilization of the Collateral or any part thereof hereunder shall be full proof of the matters stated therein and no other proof shall be requisite to establish full legal propriety of the sale or other action taken by Secured Party or of any fact, condition or thing incident thereto and all prerequisites of such sale or other action shall be presumed conclusively to have been performed or to have occurred.
Appears in 2 contracts
Samples: Credit Agreement (Primeenergy Corp), Security Agreement (Primeenergy Corp)
Sufficiency of Recitals. All recitals in any instrument of assignment or any other instrument executed by Secured Party incident to the sale, transfer, assignment or other disposition or utilization of the Collateral or any part thereof hereunder shall be full proof of the matters stated therein and no other proof shall be requisite to establish full legal propriety of the sale or other action taken by Secured Party or of any fact, condition or thing incident thereto thereto, and all prerequisites of such sale or other action shall be presumed conclusively to have been performed or to have occurred.
Appears in 2 contracts
Samples: Security Agreement, Second Lien Security Agreement (Gastar Exploration LTD)
