Common use of DTPA Waiver Clause in Contracts

DTPA Waiver. BORROWER HEREBY WAIVES ALL PROVISIONS OF THE DECEPTIVE ----------- TRADE PRACTICES - CONSUMER PROTECTION ACT (TEX. BUS. & COM. CODE XXX. (S)17.01 ET SEQ. (XXXXXX SUPP. 1987)), OTHER THAN SECTION 17.555 THEREOF PERTAINING TO -- --- CONTRIBUTION AND INDEMNITY, AND EXPRESSLY WARRANTS AND REPRESENTS THAT BORROWER (A) HAS ASSETS OF $5,000,000 OR MORE, (B) HAS KNOWLEDGE AND EXPERIENCE IN FINANCIAL AND BUSINESS MATTERS THAT ENABLE BORROWER TO EVALUATE THE MERITS AND RISKS OF THIS TRANSACTION, (C) IS NOT IN A SIGNIFICANTLY DISPARATE BARGAINING POSITION RELATIVE TO LENDER, AND (D) HAS BEEN REPRESENTED BY LEGAL COUNSEL IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

Appears in 1 contract

Samples: Loan Agreement (Petroglyph Energy Inc)

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DTPA Waiver. BORROWER HEREBY WAIVES ALL PROVISIONS OF THE DECEPTIVE ----------- TRADE PRACTICES - CONSUMER PROTECTION ACT (TEX. BUS. & COM. CODE XXXANN. (S)17.01 SECTION 17.01 ET SEQ. (XXXXXX VERNON SUPP. 1987)), OTHER THAN SECTION 17.555 00.555 THEREOF PERTAINING TO -- --- CONTRIBUTION XXXXXIBUTION AND INDEMNITY, AND EXPRESSLY WARRANTS AND REPRESENTS THAT BORROWER (A) HAS ASSETS OF $5,000,000 OR MORE, (B) HAS KNOWLEDGE AND EXPERIENCE IN FINANCIAL AND BUSINESS MATTERS THAT ENABLE BORROWER TO EVALUATE THE MERITS AND RISKS OF THIS TRANSACTION, (C) IS NOT IN A SIGNIFICANTLY DISPARATE BARGAINING POSITION RELATIVE TO LENDER, AND (D) HAS BEEN REPRESENTED BY LEGAL COUNSEL IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

Appears in 1 contract

Samples: Loan and Security Agreement (Lowrance Electronics Inc)

DTPA Waiver. BORROWER HEREBY WAIVES ALL PROVISIONS OF THE DECEPTIVE ----------- TRADE PRACTICES - CONSUMER PROTECTION ACT (TEX. BUS. & COM. CODE XXXANN. (S)17.01 SS.17.01 ET SEQ. (XXXXXX VERNON SUPP. 1987)), OTHER THAN SECTION 17.555 THEREOF XXXREOF PERTAINING TO -- --- CONTRIBUTION CXXXXXXUTION AND INDEMNITY, AND EXPRESSLY WARRANTS AND REPRESENTS THAT BORROWER (A) HAS ASSETS OF $5,000,000 OR MORE, (B) HAS KNOWLEDGE AND EXPERIENCE IN FINANCIAL AND BUSINESS MATTERS THAT ENABLE BORROWER TO EVALUATE THE MERITS AND RISKS OF THIS TRANSACTION, (C) IS NOT IN A SIGNIFICANTLY DISPARATE BARGAINING POSITION RELATIVE TO LENDER, AND (D) HAS BEEN REPRESENTED BY LEGAL COUNSEL IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

Appears in 1 contract

Samples: Loan and Security Agreement (Cal Dive International Inc)

DTPA Waiver. BORROWER HEREBY WAIVES ALL PROVISIONS OF THE ----------- DECEPTIVE ----------- TRADE PRACTICES - CONSUMER PROTECTION ACT (TEX. BUS. & COM. CODE XXX. (S)17.01 ET SEQ. (XXXXXX SUPP. 1987)), OTHER THAN SECTION 17.555 THEREOF -- --- PERTAINING TO -- --- CONTRIBUTION AND INDEMNITY, AND EXPRESSLY WARRANTS AND REPRESENTS THAT BORROWER (A) HAS ASSETS OF $5,000,000 OR MORE, (B) HAS KNOWLEDGE AND EXPERIENCE IN FINANCIAL AND BUSINESS MATTERS THAT ENABLE BORROWER TO EVALUATE THE MERITS AND RISKS OF THIS TRANSACTION, (C) IS NOT IN A SIGNIFICANTLY DISPARATE BARGAINING POSITION RELATIVE TO LENDER, AND (D) HAS BEEN REPRESENTED BY LEGAL COUNSEL IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

Appears in 1 contract

Samples: Loan and Security Agreement (Nei Webworld Inc)

DTPA Waiver. BORROWER HEREBY WAIVES ALL PROVISIONS OF THE DECEPTIVE ----------- TRADE PRACTICES - CONSUMER PROTECTION ACT (TEX. BUS. & COM. CODE XXXANN. (S)17.01 Section 17.01 ET SEQ. (XXXXXX VERNON SUPP. 1987)), OTHER THAN SECTION 17.555 17.005 THEREOF PERTAINING TO -- --- CONTRIBUTION AND INDEMNITY, AND EXPRESSLY WARRANTS AND REPRESENTS THAT BORROWER (Aa) HAS ASSETS OF $5,000,000 OR MORE, (Bb) HAS KNOWLEDGE AND EXPERIENCE IN FINANCIAL AND BUSINESS MATTERS THAT ENABLE BORROWER TO EVALUATE THE MERITS AND RISKS OF THIS TRANSACTION, (Cc) IS NOT IN A SIGNIFICANTLY DISPARATE BARGAINING POSITION RELATIVE TO LENDERAGENT AND LENDERS, AND (Dd) HAS BEEN REPRESENTED BY LEGAL COUNSEL IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

Appears in 1 contract

Samples: Loan and Security Agreement (Cal Dive International Inc)

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DTPA Waiver. BORROWER HEREBY WAIVES ALL PROVISIONS OF THE DECEPTIVE ----------- TRADE PRACTICES - CONSUMER PROTECTION ACT (TEX. BUS. & COM. CODE XXXANN. (S)17.01 Xxction 17.01 ET SEQ. (XXXXXX SUPPVERNXX XXXP. 1987)), OTHER THAN SECTION 17.555 THEREOF PERTAINING TO -- --- CONTRIBUTION AND INDEMNITY, AND EXPRESSLY WARRANTS AND REPRESENTS THAT BORROWER (A) HAS ASSETS OF $5,000,000 OR MORE, (B) HAS KNOWLEDGE AND EXPERIENCE IN FINANCIAL AND BUSINESS MATTERS THAT ENABLE BORROWER TO EVALUATE THE MERITS AND RISKS OF THIS TRANSACTION, (C) IS NOT IN A SIGNIFICANTLY DISPARATE BARGAINING POSITION RELATIVE TO LENDER, AND (D) HAS BEEN REPRESENTED BY LEGAL COUNSEL IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

Appears in 1 contract

Samples: Loan and Security Agreement (Tristar Corp)

DTPA Waiver. BORROWER DEBTOR HEREBY WAIVES ALL PROVISIONS OF THE DECEPTIVE ----------- TRADE PRACTICES - -- CONSUMER PROTECTION ACT (TEX. BUS. & COM. CODE XXX. (S)17.01 ss. 17.01 ET SEQ. (XXXXXX SUPP. 1987)), OTHER THAN SECTION 17.555 THEREOF PERTAINING TO -- --- CONTRIBUTION AND INDEMNITY, AND EXPRESSLY WARRANTS AND REPRESENTS THAT BORROWER DEBTOR (Aa) HAS ASSETS OF $5,000,000 OR MORE, (Bb) HAS KNOWLEDGE AND EXPERIENCE IN FINANCIAL AND BUSINESS MATTERS THAT ENABLE BORROWER DEBTOR TO EVALUATE THE MERITS AND RISKS OF THIS TRANSACTION, (Cc) IS NOT IN A SIGNIFICANTLY DISPARATE BARGAINING POSITION RELATIVE TO LENDERSECURED PARTY, AND (Dd) HAS BEEN REPRESENTED BY LEGAL COUNSEL IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

Appears in 1 contract

Samples: Advanced Aerodynamics & Structures Inc/

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