Common use of Acknowledgments and Agreements Clause in Contracts

Acknowledgments and Agreements. Borrower acknowledges that on the date hereof all outstanding Indebtedness is payable in accordance with its terms, and Borrower waives any defense, offset, counterclaim or recoupment with respect thereto. Borrower, Administrative Agent and each Lender do hereby adopt, ratify and confirm the Credit Agreement, as amended hereby, and acknowledge and agree that the Credit Agreement, as amended hereby, is and remains in full force and effect. Borrower acknowledges and agrees that its liabilities and obligations under the Credit Agreement, as amended hereby, and under the Loan Documents, are not impaired in any respect by this Amendment. Any breach of any representations, warranties and covenants under this Amendment shall be an Event of Default under the Credit Agreement.

Appears in 8 contracts

Samples: Credit Agreement (Yuma Energy, Inc.), Credit Agreement and Assignment (Pyramid Delaware Merger Subsidiary, Inc.), Credit Agreement (Pyramid Delaware Merger Subsidiary, Inc.)

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Acknowledgments and Agreements. Borrower acknowledges that on the date hereof all outstanding Indebtedness is Obligations are payable in accordance with its their terms, and Borrower waives any defense, offset, counterclaim or recoupment with respect thereto. Borrower, Administrative Agent and each Lender do hereby adopt, ratify and confirm the Credit Original Loan Agreement, as amended hereby, and acknowledge and agree that the Credit Original Loan Agreement, as amended hereby, is and remains in full force and effect. Borrower acknowledges and agrees that its liabilities and obligations under the Credit Original Loan Agreement, as amended hereby, and under the other Loan Documents, are not impaired in any respect by this Amendment. Any breach of any representations, warranties and covenants under this Amendment shall be an Event of Default under the Credit Original Loan Agreement, as amended hereby.

Appears in 5 contracts

Samples: Construction Loan Agreement (Stratus Properties Inc), Construction Loan Agreement (Stratus Properties Inc), Construction Loan Agreement (Stratus Properties Inc)

Acknowledgments and Agreements. Borrower acknowledges that on the date hereof all outstanding Indebtedness is payable in accordance with its terms, and Borrower waives any defense, offset, counterclaim or recoupment with respect thereto. Borrower, successor Administrative Agent and each Lender do hereby adopt, ratify and confirm the Credit Agreement, as amended hereby, and acknowledge and agree that the Credit Agreement, as amended hereby, is and remains in full force and effect. Borrower acknowledges and agrees that its liabilities and obligations under the Credit Agreement, as amended hereby, and under the Loan Documents, are not impaired in any respect by this Amendment. Any breach of any representations, warranties and covenants under this Amendment shall be an Event of Default under the Credit Agreement.

Appears in 4 contracts

Samples: Credit Agreement and Assignment (Pyramid Delaware Merger Subsidiary, Inc.), Credit Agreement and Assignment (Pyramid Oil Co), Credit Agreement (Pyramid Oil Co)

Acknowledgments and Agreements. Each Borrower acknowledges that on the date hereof all outstanding Indebtedness is Obligations are payable in accordance with its their respective terms, and each Borrower waives any defense, offset, counterclaim or recoupment with respect thereto. Each Borrower, the Administrative Agent and each Lender do hereby adopt, ratify and confirm the Credit Agreement, as amended hereby, and the Loan Documents and acknowledge and agree that the Credit Agreement, as amended hereby, is and remains the Loan Documents are and remain in full force and effect. Each Borrower acknowledges and agrees that its liabilities and obligations under the Credit Agreement, as amended hereby, and under the Loan Documents, are not impaired in any respect by this Amendment. Any breach of any representations, warranties and covenants under this Amendment shall be an Event of Default under the Credit Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Yuma Energy, Inc.), Credit Agreement (Yuma Energy, Inc.), Credit Agreement (Yuma Energy, Inc.)

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Acknowledgments and Agreements. Borrower acknowledges that on the date hereof all outstanding Indebtedness is payable in accordance with its terms, and Borrower waives any defense, offset, counterclaim or recoupment with respect thereto. Borrower, Administrative Agent Borrower and each Lender do hereby adopt, ratify and confirm the Credit Original Loan Agreement, as amended hereby, and acknowledge and agree that the Credit Original Loan Agreement, as amended hereby, is and remains in full force and effect. Borrower acknowledges and agrees that its liabilities and obligations under the Credit Original Loan Agreement, as amended hereby, and under the Loan Documents, are not impaired in any respect by this Amendment. Any breach of any representations, warranties and covenants under this Amendment shall be an Event of Default under the Credit Original Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Fieldpoint Petroleum Corp)

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