Common use of Acknowledgement by Borrower Clause in Contracts

Acknowledgement by Borrower. 31.1 None of the provisions of this Agreement shall be enforceable by the Borrower and the Borrower joins in this Agreement to acknowledge: 31.1.1 that any payment of amounts due from the Borrower to the Contractor made by any Additional Obligor, Substitute or the Security Trustee shall create a liability on the part of Borrower to reimburse the Additional Obligor, Substitute or Security Trustee (as appropriate) therefore; and 31.1.2 that it has notice of, and agrees to be bound by, the provisions of this Agreement.