Governing Agreement definition
Examples of Governing Agreement in a sentence
No Secured Party has any liability, obligation, or responsibility whatsoever with respect to any Borrower Party’s use of the proceeds of the Loans, and no Secured Party is obligated to determine whether or not any Borrower Party’s use of the proceeds of the Loans are for purposes permitted under the applicable Governing Agreement or such Constituent Documents.
To the knowledge of each Borrower Party, no Investor is in default under the applicable Governing Agreement or its Subscription Agreement.
Nothing, including, without limitation, any Loan Credit Extension or acceptance of any other document or instrument, will be construed as a representation or warranty, express or implied, to any party by any Secured Party as to whether any Investment is permitted by the terms of the applicable Governing Agreement or the Constituent Documents of any Qualified Borrower.
Nothing contained in this Section 12.16 or in any of the other provisions of the Loan Documents will be construed to limit, restrict, or impede the obligations, the liabilities, and indebtedness of any Borrower Party, or of any Investor to make its Capital Contributions to the applicable Borrower in accordance with the terms of the applicable Governing Agreement and its Subscription Agreement.