Borrower's Acknowledgment Sample Clauses
The Borrower's Acknowledgment clause serves to confirm that the borrower has read, understood, and agrees to the terms and conditions outlined in the agreement. Typically, this clause requires the borrower to formally acknowledge receipt of all relevant documents and disclosures, and may specify that the borrower has had the opportunity to ask questions or seek independent advice. Its core practical function is to provide evidence that the borrower is entering into the agreement knowingly and voluntarily, thereby reducing the risk of future disputes over lack of awareness or misunderstanding of the contract's terms.
Borrower's Acknowledgment. The Borrower acknowledges and agrees that the Contracting Party is authorized to act in accordance with the Agent’s exercise of the Borrower’s rights in accordance with this Consent, and the Contracting Party may rely on any notice or instruction by the Agent in the purported exercise of the Agent’s rights and remedies hereunder.
Borrower's Acknowledgment. Each Purchaser acknowledges and agrees that the Contractor is authorized to act in accordance with the Administrative Agent's exercise of the Borrower's rights in accordance with this Consent, and that the Contractor shall bear no liability to any Purchaser in connection therewith.
Borrower's Acknowledgment. By signing below, the Borrower (a) acknowledges, consents and agrees to the execution, delivery and performance by the Guarantors of this Sixth Amendment, (b) acknowledges and agrees that its obligations in respect of the Guaranty Agreement (i) are not released, diminished, waived, modified, impaired or affected in any manner by this Sixth Amendment or any of the provisions contemplated herein, (c) ratifies and confirms its obligations under the Guaranty Agreement, and (d) acknowledges and agrees that it has no claims or offsets against, or defenses or counterclaims to, its obligations under the Loan Agreement.
Borrower's Acknowledgment. Borrower hereby consents to this Agreement, agrees to abide by the terms hereof, agrees to make no payments or distributions contrary to the terms and provisions hereof and to do every act and thing necessary to carry out such terms and provisions.
Borrower's Acknowledgment. The Borrower acknowledges and agrees that the Banks and the Agent may share with each other information with respect to the Borrower and its Subsidiaries, the performance of the Borrower and its Subsidiaries under this Agreement, and the business, operations and financial condition of the Borrower and its Subsidiaries.
Borrower's Acknowledgment. By signing below, the Borrower (a) acknowledges, consents and agrees to the execution, delivery and performance by the Guarantors of this Second Amendment, (b) acknowledges and agrees that its obligations in respect of the Guaranty Agreement (i) are not released, diminished, waived, modified, impaired or affected in any manner by this Second Amendment or any of the provisions contemplated herein, (c) ratifies and confirms its obligations under the Guaranty Agreement, and (d) acknowledges and agrees that it has no claims or offsets against, or defenses or counterclaims to, its obligations under the Loan Agreement.
Borrower's Acknowledgment. The Borrower hereby acknowledges that Paribas may assign all or any part of its rights at the discretion of Paribas in relation to the Loan under this Agreement. The Borrower irrevocably consents to the assignment of Participations under the provisions of this clause 17.
Borrower's Acknowledgment. The Borrowers acknowledge that they have made the representations and warranties referred to in Section 3.1 with the intention of persuading the Lender to enter into the Transaction Documents and that the Lender has entered into the Transaction Documents on the basis of, and in full reliance on, each of such representations and warranties. The Borrowers represent and warrant to the Lender that none of such representations and warranties omits any matter the omission of which makes any of such representations and warranties misleading.
Borrower's Acknowledgment. Borrower hereby acknowledges and agrees to the terms of this Agreement.
Borrower's Acknowledgment. The Borrower acknowledges and accepts this Transfer Certificate as notice of the transfer described in Clause 5.4 (Procedure for transfer) above.