Common use of No Defenses Asserted Clause in Contracts

No Defenses Asserted. The related Customer Contract has not been satisfied, subordinated or rescinded. To the knowledge of the applicable Sponsor Entity: (a) there are no actions, lawsuits, litigation or other proceedings existing against or threatened in writing, against or affecting the Sponsor Entities before any governmental authority that materially and adversely affect the validity or enforceability of such Solar Loan; and (b) there are no actions, lawsuits, litigation or other proceedings existing or threatened in writing, against or affecting the Sponsor Entities, wherein the related Consumer Obligor or any governmental authority has alleged in writing that such Solar Loan is illegal or unenforceable or that the related Consumer Obligor has a right to exercise any right of rescission, cancellation, set off, counterclaim or defense.