Statement of Obligations. The statement in writing of the Guarantee Beneficiaries from time to time of the indebtedness, obligations or liability of the Borrower or any other Material Subsidiary to them shall be binding upon the Guarantor and shall be prima facie evidence of the amount of the indebtedness, obligations or liability. All right to question in any way their present or future method of dealing with the Borrower or any other Material Subsidiary, or with any persons now or hereafter liable to the Guarantee Beneficiaries for the Guaranteed Obligations or any part thereof, is hereby waived. The Guarantor renounces all benefits of discussion and division.
Appears in 2 contracts
Sources: Credit Agreement (Bellatrix Exploration Ltd.), Credit Agreement (Bellatrix Exploration Ltd.)
Statement of Obligations. The statement in writing of the Guarantee Beneficiaries from time to time of the indebtedness, obligations or liability of the Borrower Issuer or any other Material Subsidiary to them shall be binding upon the Guarantor and shall be prima facie evidence of the amount of the indebtedness, obligations or liability. All right to question in any way their present or future method of dealing with the Borrower Issuer or any other Material Subsidiary, or with any persons now or hereafter liable to the Guarantee Beneficiaries for the Guaranteed Obligations or any part thereof, is hereby waived. The Guarantor renounces all benefits of discussion and division., absent manifest error..
Appears in 1 contract
Sources: Note Purchase Agreement (Bellatrix Exploration Ltd.)