Common use of AGENT'S DILIGENCE Clause in Contracts

AGENT'S DILIGENCE. The Agent shall not be required: (a) to keep itself informed as to anyone's compliance with any provision of this Agreement or any Loan Document, (b) to make any inquiry into the properties, financial condition or operation of the Borrower or any other matter relating to this Agreement or any Loan Document, (c) to report to any Bank any information (other than which this Agreement or any Loan Document expressly requires to be so reported) that the Agent or any of its Affiliates may have or acquire in respect of the properties, business or financial condition of the Borrower or any other matter relating to this Agreement or any Loan Document or (d) to inquire into the validity, effectiveness or genuineness of this Agreement or any Loan Document.

Appears in 1 contract

Samples: Credit and Security Agreement (Curtis Sub Inc)

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AGENT'S DILIGENCE. The Agent shall not be required: (a) to keep itself informed as to anyone's compliance with any provision of this Agreement or any Loan Document, (b) to make any inquiry into the properties, financial condition or operation of the Borrower or any other matter relating to this Agreement or any Loan Document, (c) to report to any Bank Lender any information (other than which this Agreement or any Loan Document expressly requires to be so reported) that the Agent or any of its Affiliates may have or acquire in respect of the properties, business or financial condition of the Borrower or any other matter relating to this Agreement or any Loan Document or (d) to inquire into the validity, effectiveness or genuineness of this Agreement or any Loan Document.

Appears in 1 contract

Samples: Asset Based Loan and Security Agreement (Mazel Stores Inc)

AGENT'S DILIGENCE. The Agent shall not be required: required (a) to keep itself informed as to anyone's compliance with any provision of this Agreement or any Loan Documentrelated writing, (b) to make any inquiry into the properties, financial condition or operation operations of the Borrower any company or any other matter relating to this Agreement or any Loan Documentrelated writing, (c) to report to any Bank any information (other than which this Agreement or any Loan Document related writing expressly requires to be so reported) that the Agent or any of its Affiliates affiliates may have or acquire in respect of the any company's properties, business or financial condition of the Borrower or any other matter relating to this Agreement or any Loan Document related writing or (d) to inquire into the validity, effectiveness or genuineness of this Agreement or any Loan Documentrelated writing.

Appears in 1 contract

Samples: Credit Agreement (Stoneridge Inc)

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AGENT'S DILIGENCE. The Agent shall not be required: required (a) to keep itself informed as to anyone's compliance with any provision of this Agreement or any Loan DocumentRelated Writing, (b) to make any inquiry into the properties, ; financial condition or operation operations of the Borrower or any other matter relating to this Agreement or any Loan Document, Related Writing (c) to report to any Bank any information (other than which this Agreement or any Loan Document Related Writing expressly requires to be so reported) that the Agent or any of its Affiliates affiliates may have or acquire in respect of the Borrower's properties, business or financial condition of the Borrower or any other matter relating to this Agreement or any Loan Document Related Writing or (d) to inquire into the validity, effectiveness or genuineness of this Agreement or any Loan DocumentRelated Writing.

Appears in 1 contract

Samples: Credit Agreement (MTC Technologies Inc)

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