Common use of Reaffirmation of Loan Documents; No Default; No Defenses; etc Clause in Contracts

Reaffirmation of Loan Documents; No Default; No Defenses; etc. Grantor hereby reaffirms the Security Agreement and the Loan Documents and its obligations to Agent and Lenders thereunder. Grantor represents and warrants that there are no outstanding Events of Default under the Security Agreement or any Loan Document. Grantor acknowledges that Agent and Lenders have fully complied with their respective obligations under any Loan Document and that Grantor has no defenses to the validity, enforceability or binding effect of any Loan Document.

Appears in 3 contracts

Sources: Credit Agreement (Coast Hotels & Casinos Inc), Security Agreement (Coast Casinos Inc), Security Agreement (Coast Casinos Inc)