Common use of Acknowledgments and Agreements Clause in Contracts

Acknowledgments and Agreements. (a) Each Credit Party acknowledges that on the date hereof all outstanding Secured Obligations are payable in accordance with their terms and each Credit Party waives any set-off, counterclaim, recoupment, defense, or other right, in each case, existing on the date hereof, with respect to such Secured Obligations. Each party hereto does hereby adopt, ratify, and confirm the Credit Agreement, as amended hereby, and acknowledges and agrees that the Credit Agreement, as amended hereby, is and remains in full force and effect, and each Credit Party acknowledges and agrees that its respective liabilities and obligations under the Credit Agreement, as amended herby, and the other Credit Documents are not impaired in any respect by this Agreement.

Appears in 8 contracts

Samples: Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.), Limited Consent and Agreement (Jagged Peak Energy Inc.)

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Acknowledgments and Agreements. (a) Each Credit Party acknowledges that on the date hereof all outstanding Secured Obligations are payable in accordance with their terms and each Credit Party waives any set-off, counterclaim, recoupment, defense, offset, counterclaim or other rightrecoupment, in each case, case existing on the date hereof, with respect to such Secured Obligations. Each The Borrower, Guarantors, Administrative Agent, Issuing Lender and each other party hereto does do hereby adopt, ratify, and confirm the Credit Agreement, as amended hereby, and acknowledges acknowledge and agrees agree that the Credit Agreement, as amended hereby, Agreement is and remains in full force and effect, and each Credit Party acknowledges and agrees that its respective liabilities and obligations under the Credit Agreement, as amended herby, Agreement and the other Credit Documents are not impaired in any respect by this Agreement.

Appears in 7 contracts

Samples: 4 and Waiver (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.), Credit Agreement (Jagged Peak Energy Inc.)

Acknowledgments and Agreements. (a) Each Credit Party acknowledges that on the date hereof all outstanding Secured Obligations are payable in accordance with their terms and each Credit Party waives any set-off, counterclaim, recoupment, defense, or other right, in each case, existing on the date hereof, with respect to such Secured Obligations. Each party hereto does hereby adopt, ratify, and confirm the Credit Agreement, as amended hereby, and acknowledges and agrees that the Credit Agreement, as amended hereby, is and remains in full force and effect, and each Credit Party acknowledges and agrees that its respective liabilities and obligations under the Credit Agreement, as amended herbyhereby, and the other Credit Documents are not impaired in any respect by this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp)

Acknowledgments and Agreements. (a) Each Credit Party acknowledges that on the date hereof all outstanding Secured Obligations are payable in accordance with their terms and each Credit Party waives any set-off, counterclaim, recoupment, defense, or other right, in each case, existing on the date hereof, with respect to such Secured Obligations. Each party hereto does hereby adopt, ratify, and confirm the Credit Agreement, as amended hereby, and acknowledges and agrees that the Credit Agreement, as amended hereby, is and remains in full force and effect, and each Credit Party acknowledges and agrees that its respective liabilities and obligations under the Credit Agreement, as amended herbyhereby, and the other Credit Documents are not impaired in any respect by this AgreementAmendment.

Appears in 3 contracts

Samples: Credit Agreement (Berry Corp (Bry)), Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp)

Acknowledgments and Agreements. (a) Each Credit Transaction Party acknowledges that on the date hereof all outstanding Secured Obligations are payable in accordance with their terms (except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the rights of creditors generally and general principles of equity, regardless of whether considered in a proceeding in equity or at law). Each Transaction Party, the Administrative Agent, and each Credit Party waives any set-off, counterclaim, recoupment, defense, or other right, in each case, existing on the date hereof, with respect to such Secured Obligations. Each party hereto does hereby adopt, ratify, and confirm the Credit Agreement, as amended hereby, and acknowledges and agrees that the Credit Agreement, as amended hereby, is and remains in full force and effect, and each Credit Transaction Party acknowledges and agrees that its respective liabilities and obligations under the Credit Agreement, as amended herby, Agreement and the other Credit Documents it is a party to are not impaired in any respect by this Increase and Amendment Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Transocean Ltd.), Credit Agreement (Transocean Ltd.), Credit Agreement (Transocean Ltd.)

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Acknowledgments and Agreements. (a) Each Credit Party acknowledges that on the date hereof all outstanding Secured Obligations are payable in accordance with their terms and each Credit Party waives any set-off, counterclaim, recoupment, defense, offset, counterclaim or other rightrecoupment, in each case, case existing on the date hereof, with respect to such Secured Obligations. Each Credit Party, Administrative Agent, Issuing Lender and each other party hereto does hereby adopt, ratify, and confirm the Credit Agreement, as amended hereby, and acknowledges and agrees that the Credit Agreement, as amended hereby, is and remains in full force and effect, and each Credit Party acknowledges and agrees that its respective liabilities and obligations under the Credit Agreement, as amended herbyhereby, and the other Credit Documents Guaranty are not impaired in any respect by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Aly Energy Services, Inc.), Credit Agreement (Aly Energy Services, Inc.)

Acknowledgments and Agreements. (a) Each Credit Loan Party acknowledges that on the date hereof all outstanding Secured Obligations are payable in accordance with their terms and each Credit Party waives any set-off, counterclaim, recoupment, defense, (except as limited by applicable Debtor Relief Laws affecting creditors’ rights generally or other right, in each case, existing on the date hereof, with respect to such Secured Obligationsby general principles of equity). Each party hereto does Loan Party, the Administrative Agent, the L/C Issuers, the Swing Line Lender, and the Lenders do hereby adopt, ratify, and confirm the Credit Agreement, Agreement (as amended herebyby this Agreement), and acknowledges acknowledge and agrees agree that the Credit Agreement, Agreement (as amended hereby, by this Agreement) is and remains in full force and effect, and each Credit Loan Party acknowledges and agrees that its respective liabilities and obligations under the Credit Agreement, Agreement (as amended herby, by this Agreement) and the other Credit Loan Documents it is a party to are not impaired in any respect by this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (USD Partners LP), Credit Agreement (USD Partners LP)

Acknowledgments and Agreements. (a) Each Credit Loan Party acknowledges that on the date hereof all outstanding Secured Obligations are payable in accordance with their terms and each Credit Party waives any set-off, counterclaim, recoupment, defense, (except as limited by applicable Debtor Relief Laws affecting creditors’ rights generally or other right, in each case, existing on the date hereof, with respect to such Secured Obligationsby general principles of equity). Each party hereto does Loan Party, the Administrative Agent, and the Lenders do hereby adopt, ratify, and confirm the Credit Agreement, Agreement (as amended herebyby this Agreement), and acknowledges acknowledge and agrees agree that the Credit Agreement, Agreement (as amended hereby, by this Agreement) is and remains in full force and effect, and each Credit Loan Party acknowledges and agrees that its respective liabilities and obligations under the Credit Agreement, Agreement (as amended herby, by this Agreement) and the other Credit Loan Documents it is a party to are not impaired in any respect by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (USD Partners LP)

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