Common use of Limitation on Representations and Warranties Clause in Contracts

Limitation on Representations and Warranties. Such purchase shall be expressly made without representation or warranty of any kind by Agent or any Revolving Loan Lender as to the Obligations owing to any of them or otherwise and without recourse to Agent or any Revolving Loan Lender, except that each Revolving Loan Lender shall represent and warrant: (a) the amount of its portion of the Obligations being purchased, (b) that such Revolving Loan Lender owns its portion of the Obligations free and clear of any Liens or encumbrances and (c) such Revolving Loan Lender has the right to assign such Obligations and the assignment is duly authorized.

Appears in 4 contracts

Samples: Loan and Security Agreement (Haynes International Inc), Loan and Security Agreement (C&d Technologies Inc), Loan and Security Agreement (Pemstar Inc)

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Limitation on Representations and Warranties. Such purchase shall be expressly made without representation or warranty of any kind by Agent or any Revolving Loan Lender as to the Obligations owing to any of them or otherwise and without recourse to Agent or any Revolving Loan Lender, except that each Revolving Loan Lender shall represent and warrant: (aA) the amount of its portion of the Obligations being purchased, (bB) that such Revolving Loan Lender owns its portion of the Obligations free and clear of any Liens or encumbrances and (cC) such Revolving Loan Lender has the right to assign such Obligations and the assignment is duly authorized.

Appears in 1 contract

Samples: Loan and Security Agreement (WHX Corp)

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