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

Acknowledgements, Representations and Covenants of Lenders. (a) 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 Borrower. Accordingly, each Lender confirms to the Administrative Agent that it has not relied, and will not hereafter rely, on the Administrative Agent (i) to check or inquire on its behalf into the adequacy or completeness of any information provided by the 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 (ii) to assess or keep under review on its behalf the financial condition, creditworthiness, property, affairs, status or nature of the Borrower. LEGAL_1:60252742.8

Appears in 1 contract

Samples: Credit Agreement (Midamerican Funding LLC)

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Acknowledgements, Representations and Covenants of Lenders. (a) 10.9.1 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 BorrowerBorrower and Guarantors. Accordingly, each Lender confirms to the Administrative Agent that it has not relied, and will not hereafter rely, on the Administrative Agent (ia) to check or inquire on its behalf into the adequacy or completeness of any information provided by the Borrower or Guarantors 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 (iib) to assess or keep under review on its behalf the financial condition, creditworthiness, property, affairs, status or nature of the Borrower. LEGAL_1:60252742.8Borrower or Guarantors.

Appears in 1 contract

Samples: Credit Agreement (Omega Cabinets LTD)

Acknowledgements, Representations and Covenants of Lenders. (a) 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 Borrower. Accordingly, each Lender confirms to the Administrative Agent that it has not relied, and will not hereafter rely, on the Administrative Agent (i) to check or inquire on its behalf into the adequacy or completeness of any information provided by the 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 (ii) to LEGAL_1:36982001.9 assess or keep under review on its behalf the financial condition, creditworthiness, property, affairs, status or nature of the Borrower. LEGAL_1:60252742.8.

Appears in 1 contract

Samples: Credit Agreement (Pacificorp /Or/)

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Acknowledgements, Representations and Covenants of Lenders. (a) 8.9.1 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, propertyProperty, affairs, status and nature of the Borrower. Accordingly, each Lender confirms to the Administrative Agent that it has not relied, and will not hereafter rely, on the Administrative Agent (ia) to check or inquire on its behalf into the adequacy or completeness of any information provided by the 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 (iib) to assess or keep under review on its behalf the financial condition, creditworthiness, propertyProperty, affairs, status or nature of the Borrower. LEGAL_1:60252742.8.

Appears in 1 contract

Samples: Credit Agreement (Rogers Communications Inc)

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