Examples of Prior Lender in a sentence
By execution of this Agreement, the New Lender acknowledges that, except as expressly provided in Section 3(a) of this Agreement, no representation or warranty is being made by the Prior Lender in connection with this Agreement.
In consideration and exchange for the assignment contained in the immediately preceding sentence, the New Lender shall transfer to the Prior Lender in immediately available funds an amount equal to the sum of the Existing Indebtedness and all accrued but unpaid interest as of the date hereof, which amount is set forth as the Aggregate Purchase Amount on Schedule I attached hereto.
Except as expressly provided in Section 3(a) of this Agreement, the Prior Lender assumes no responsibility, and makes no representation or warranty to the New Lender, with respect to the Loan Agreements or the Existing Indebtedness.
This Agreement shall become effective upon (a) execution and delivery of this Agreement by each party hereto, (b) execution and delivery of each Amendment by each party thereto and (c) the receipt by the Prior Lender in immediately available funds of an amount equal to the Aggregate Purchase Amount set forth on Schedule I attached hereto.
OILTANKING FINANCE B.V., as Prior Lender By: /s/ Claus-Xxxxx Xxxxx Name: Claus-Xxxxx Xxxxx Title: Attorney-in-Fact ENTERPRISE PRODUCTS OPERATING LLC, as New Lender By: Enterprise Products OLPGP, Inc., its sole manager By: /s/ Xxxxxxx X.