Common use of Nature of Sale Clause in Contracts

Nature of Sale. The purchase and sale pursuant to this Section 9.25 shall be expressly made without representation or warranty of any kind by the Revolving Lenders as to the Revolving Credit Obligations or otherwise and without recourse to the Revolving Lenders, except for representations and warranties as to the following: (a) the amount of the Revolving Credit Obligations being purchased (including as to the principal of and accrued and unpaid interest on such Revolving Credit Obligations, fees and expenses thereof), (b) that the Revolving Lenders own the Revolving Credit Obligations free and clear of any Liens and (c) each Revolving Lender has the full right and power to assign its Revolving Credit Obligations and such assignment has been duly authorized by all necessary corporate action by such Revolving Lender.

Appears in 7 contracts

Samples: Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.)

AutoNDA by SimpleDocs

Nature of Sale. The purchase and sale pursuant to this Section 9.25 10.26 shall be expressly made without representation or warranty of any kind by the Revolving Lenders as to the Revolving Credit Loan Obligations or otherwise and without recourse to the Revolving Lenders, except for representations and warranties as to the following: (a) the amount of the Revolving Credit Loan Obligations being purchased (including as to the principal of and accrued and unpaid interest on such Revolving Credit Loan Obligations, fees and expenses thereof), (b) that the Revolving Lenders own the Revolving Credit Loan Obligations free and clear of any Liens and (c) each Revolving Lender has the full right and power to assign its Revolving Credit Loan Obligations and such assignment has been duly authorized by all necessary corporate action by such Revolving Lender.

Appears in 2 contracts

Samples: Credit Agreement (LifeStance Health Group, Inc.), Credit Agreement (LifeStance Health Group, Inc.)

Nature of Sale. The purchase and sale pursuant to this Section 9.25 9.20 shall be expressly made without representation or warranty of any kind by the Revolving Lenders as to the Revolving Credit Loan Obligations or otherwise and without recourse to the Revolving Lenders, except for representations and warranties as to the following: (a) the amount of the Revolving Credit Loan Obligations being purchased (including as to the principal of and accrued and unpaid interest on such Revolving Credit Loan Obligations, fees and expenses thereof), (b) that the Revolving Lenders own the Revolving Credit Loan Obligations free and clear of any Liens and (c) each Revolving Lender has the full right and power to assign its Revolving Credit Loan Obligations and such assignment has been duly authorized by all necessary corporate action by such Revolving Lender.

Appears in 1 contract

Samples: Credit Agreement (InnovAge Holding Corp.)

AutoNDA by SimpleDocs

Nature of Sale. The purchase and sale pursuant to this Section 9.25 11.24 shall be expressly made without representation or warranty of any kind by the Revolving Lenders as to the Revolving Credit Loan Obligations or otherwise and without recourse to the Revolving Lenders, except for representations and warranties as to the following: (a) the amount of the Revolving Credit Loan Obligations being purchased (including as to the principal of and accrued and unpaid interest on such Revolving Credit Loan Obligations, fees and expenses thereof), (b) that the Revolving Lenders own the Revolving Credit Loan Obligations free and clear of any Liens and (c) each Revolving Lender has the full right and power to assign its Revolving Credit Loan Obligations and such assignment has been duly authorized by all necessary corporate action by such Revolving Lender.

Appears in 1 contract

Samples: Credit Agreement (Montrose Environmental Group, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.