Common use of Creditor Representations, Warranties and Covenants Clause in Contracts

Creditor Representations, Warranties and Covenants. Creditor represents and warrants to Lender that, except as specified in this Agreement, there are no other Obligations to Creditor. Creditor agrees in favor of Lender that no additional Obligations to Creditor shall be incurred by any Obligor in favor of Creditor (without Lender’s prior written consent) and, in furtherance of same, Creditor agrees that only Obligations to Creditor existing as of the date hereof are secured by a first-priority and senior security interest upon Creditor’s Senior Collateral. Creditor agrees that no additional obligations of any kind (including, without limitation, any type of indebtedness contemplated to be secured by Creditor’s Senior Collateral) shall be incurred by Borrower or any other Obligor in favor of Creditor without Lender’s prior written consent. Creditor agrees that it will not, without Lender’s prior written consent, obtain (and represents and warrants that in anticipation of entering into this Agreement it has not obtained) any new or additional collateral from Borrower or any other Obligor to secure any of Obligations to Creditor.

Creditor Representations, Warranties and Covenants. Creditor represents and warrants to Lender that, except as specified in this Agreement, there are no other Obligations to Creditor. Creditor agrees in favor of Lender that no additional Obligations to Creditor shall be incurred by any Obligor in favor of Creditor (without Lender’s prior written consent) and, in furtherance of same, Creditor agrees that only Obligations to Creditor existing as of the date hereof are secured by a first-priority and senior security interest upon Creditor’s Senior Collateral). Creditor agrees that no additional obligations of any kind (including, without limitation, any type of indebtedness contemplated to be secured by Creditor’s Senior Collateral) shall be incurred by Borrower or any other Obligor in favor of Creditor without Lender’s prior written consent. Creditor agrees that it will not, without Lender’s prior written consent, obtain (and represents and warrants that in anticipation of entering into this Agreement it has not obtained) any new or additional collateral from Borrower or any other Obligor to secure any of Obligations to Creditor.