Common use of Acknowledgements, Representations and Covenants of Lenders Clause in Contracts

Acknowledgements, Representations and Covenants of Lenders. (1) It is acknowledged and agreed by each Lender that it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigations into the financial condition, creditworthiness, Property, affairs, status and nature of the Obligors. Accordingly, each Lender confirms to the Agent that it has not relied, and will not hereafter rely, on the Agent (a) to check or inquire on its behalf into the adequacy or completeness of any information provided by the Obligors under or in connection with this Agreement or the transactions herein contemplated (whether or not such information has been or is hereafter distributed to such Lender by the Agent) or (b) to assess or keep under review on its behalf the financial condition, creditworthiness, Property, affairs, status or nature of the Obligors.

Appears in 6 contracts

Samples: Loan Agreement, Loan Agreement (Just Energy Group Inc.), Credit Agreement (Just Energy Group Inc.)

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Acknowledgements, Representations and Covenants of Lenders. (1a) It is acknowledged and agreed by each Lender that it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigations into the financial condition, creditworthiness, Propertyproperty, affairs, status and nature of the ObligorsBorrower. Accordingly, each Lender confirms to the Agent that it has not relied, and will not hereafter rely, on the Agent (ai) to check or inquire on its behalf into the adequacy or completeness of any information provided by the Obligors Borrower under or in connection with this Agreement or the transactions herein contemplated (whether or not such information has been or is hereafter distributed to such Lender by the Agent) or (bii) to assess or keep under review on its behalf the financial condition, creditworthiness, Propertyproperty, affairs, status or nature of the ObligorsBorrower.

Appears in 4 contracts

Samples: Assignment Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Funding LLC), Credit Agreement (Berkshire Hathaway Energy Co)

Acknowledgements, Representations and Covenants of Lenders. (1) It is acknowledged and agreed by each Lender that it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigations into the financial condition, creditworthiness, Propertyproperty, affairs, status and nature of the Obligors. Accordingly, each Lender confirms to the Agent that it has not relied, and will not hereafter rely, on the Agent (a) to check or inquire on its behalf into the adequacy or completeness of any information provided by the Obligors any Obligor under or in connection with this Agreement or the transactions herein contemplated (whether or not such information has been or is hereafter distributed to such Lender by the Agent) ), or (b) to assess or keep under review on its behalf the financial condition, creditworthiness, Propertyproperty, affairs, status or nature of the Obligors.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement, Assignment Agreement (Waste Management Inc)

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Acknowledgements, Representations and Covenants of Lenders. (1a) It is acknowledged and agreed by each Lender that it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigations into the financial condition, creditworthiness, Propertyproperty, affairs, status and nature of the ObligorsBorrower. Accordingly, each Lender confirms to the Administrative Agent that it has not relied, and will not hereafter rely, on the Administrative Agent (ai) to check or inquire on its behalf into the adequacy or completeness of any information provided by the Obligors Borrower under or in connection with this Agreement or the transactions herein contemplated (whether or not such information has been or is hereafter distributed to such Lender by the Administrative Agent) or (bii) to assess or keep under review on its behalf the financial condition, creditworthiness, Propertyproperty, affairs, status or nature of the ObligorsBorrower.

Appears in 2 contracts

Samples: Credit Agreement (Midamerican Funding LLC), Midamerican Energy Co

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