Common use of Statement of Obligations Clause in Contracts

Statement of Obligations. Subject to Section 9.15, the statement in writing of the Guarantee Beneficiaries from time to time of the indebtedness, obligations or liability of the Obligors to them shall be prima facie evidence of the amount of the indebtedness, obligations or liability forming the Guaranteed Obligations. The Guarantor's right to question in any way the Guarantee Beneficiaries' present or future method of dealing with the Obligors, or with any Persons (other than the Guarantor) 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 1 contract

Sources: Credit Agreement (Nacg Finance LLC)

Statement of Obligations. Subject to Section 9.15, the The statement in writing of the Guarantee Beneficiaries from time to time of the indebtedness, obligations or liability of the Obligors to them shall be prima facie evidence of the amount of the indebtedness, obligations or liability forming the Guaranteed Obligations. The Each Guarantor's right to question in any way the Guarantee Beneficiaries' present or future method of dealing with the Obligors, or with any Persons (other than the such Guarantor) now or hereafter liable to the Guarantee Beneficiaries for the Guaranteed Obligations or any part thereof, is hereby waived. The Guarantor renounces Guarantors renounce all benefits of discussion and division.

Appears in 1 contract

Sources: Credit Agreement (Nacg Finance LLC)