Common use of Approval of Credit Clause in Contracts

Approval of Credit. Each Borrower has, independently and without reliance upon the Bank or their respective directors, officers, agents or employees, and instead in reliance upon information furnished by the other Borrowers and upon such other information as such Borrower deemed appropriate, made its own independent credit analysis and decision to guaranty the obligations of the other Borrowers pursuant to the Loan Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Home Mortgage Investment Corp)

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Approval of Credit. Each Borrower of the Borrowers has, independently and without reliance upon the Bank Lender or their respective the directors, officers, agents or employeesemployees of the Lender, and instead in reliance upon information furnished by the other Borrowers and upon such other information as such Borrower deemed appropriate, made its own independent credit analysis and decision to guaranty the obligations of the other Borrowers pursuant to the Loan this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Hanover Direct Inc)

Approval of Credit. Each Borrower of the Borrowers has, independently and without reliance upon the Bank or their respective its directors, officers, agents or employees, and instead in reliance upon information furnished by the other Borrowers Borrower and upon such other information as such Borrower deemed appropriate, made its own independent credit analysis and decision to guaranty the obligations of the other Borrowers Borrower pursuant to the Loan Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Pilgrim America Capital Corp)

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Approval of Credit. Each Borrower of the Borrowers has, independently and without reliance upon the Bank Lender or their its respective directors, officers, agents or employees, and instead in reliance upon information furnished by the other Borrowers and upon such other information as such Borrower deemed appropriate, made its own independent credit analysis and decision to guaranty the obligations of the other Borrowers pursuant to the Loan Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Simon Transportation Services Inc)

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