Common use of Representation by Lender Clause in Contracts

Representation by Lender. Lender hereby represents that it will acquire the Note for its own account in the ordinary course of its commercial lending business; however, the disposition of Lender's property shall at all times be and remain within its control and, in particular and without limitation, Lender may sell or otherwise transfer the Note, any participation interest or other interest in the Note, or any of its other rights and obligations under the Loan Documents.

Appears in 2 contracts

Sources: Credit Agreement (Vista Energy Resources Inc), Credit Agreement (WRT Energy Corp)

Representation by Lender. Lender hereby represents that it will acquire the Note for its own account in the ordinary course of its commercial lending business; however, the disposition of Lender's property shall at all times be and remain within its control and, in particular and without limitation, Lender may may, subject to the terms of this Agreement, sell or otherwise transfer the Note, any participation interest or other interest in the Note, or any of its other rights and obligations under the Loan Documents.

Appears in 1 contract

Sources: Credit Agreement (Offshore Energy Development Corp)