Common use of Representation by Lenders Clause in Contracts

Representation by Lenders. Each Lender hereby represents that it will acquire its Notes for its own account in the ordinary course of its commercial lending business; however, such Lender may sell or otherwise transfer its Notes, any participation interest or other interest in its Notes, or any of its other rights and obligations under the Loan Documents as permitted by Section 8.8.

Appears in 4 contracts

Samples: Pledge Agreement (Pioneer Natural Resources Co), Pledge Agreement (Pioneer Natural Resources Co), Pledge Agreement (Pioneer Natural Resources Co)

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Representation by Lenders. Each Lender hereby represents that it will acquire its Notes for its own account in the ordinary course of its commercial lending or investing business; however, the disposition of such Lender's property shall at all times be and remain within its control and, in particular and without limitation, such Lender may sell or otherwise transfer its NotesNote, any participation interest or other interest in its NotesNote, or any of its other rights and obligations under the Loan Documents as permitted by Section 8.8subject to compliance with Sections 10.5(b) through (f), inclusive, and applicable Law.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Representation by Lenders. Each Lender hereby represents that it will acquire its Notes Notes, if any, for its own account in the ordinary course of its commercial lending business; however, such Lender may sell or otherwise transfer its Notes, if any, any participation interest or other interest in its Notes, if any, or any of its other rights and obligations under the Loan Documents as permitted by Section 8.8.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Natural Resources Co)

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Representation by Lenders. Each Lender hereby represents that it will acquire its Notes for its own account in the ordinary course of its commercial lending business; however, the disposition of such Lender's property shall at all times be and remain within its control and, in particular and without limitation, such Lender may sell or otherwise transfer its Notes, any participation interest or other interest in its Notes, or any of its other rights and obligations under the Loan Documents as permitted by Section 8.8Documents.

Appears in 1 contract

Samples: Master Loan Agreement (Alternative Living Services Inc)

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