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

Acknowledgements, Representations and Covenants of Lenders. 9.9.1 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 Restricted Parties. 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 Restricted Parties 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 Restricted Parties.

Appears in 2 contracts

Samples: Assignment Agreement (Norske Skog Canada LTD), Assignment Agreement (Norske Skog Canada LTD)

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Acknowledgements, Representations and Covenants of Lenders. 9.9.1 12.9.1 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 Restricted Parties. 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 Restricted Parties 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 Restricted Parties.

Appears in 2 contracts

Samples: Credit Agreement (CHC Helicopter Corp), Assignment Agreement (Norske Skog Canada LTD)

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