Common use of Bank Credit Decision Clause in Contracts

Bank Credit Decision. Each Bank acknowledges that it has, independently and without reliance upon the Agent, the Issuing Bank or any other Bank and based on the financial statements referred to in Section 5.01(e) and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Bank also acknowledges that it will, independently and without reliance upon the Agent, any Issuing Bank or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Documents.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Phycor Inc/Tn), Revolving Credit Agreement (Phycor Inc/Tn), Revolving Credit Agreement (Phycor Inc/Tn)

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Bank Credit Decision. Each Bank acknowledges that it has, independently and without reliance upon the Administrative Agent, the Issuing Bank Sole Lead Arranger, Bookrunner or any other Agent or Bank and based on the financial statements referred to in Section 5.01(e) prepared by Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan DocumentsPapers. Each Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent, any Issuing Bank Sole Lead Arranger, Bookrunner or any other Agent or Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan DocumentsPapers.

Appears in 3 contracts

Samples: Credit Agreement (Alliant Energy Corp), Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Delta Petroleum Corp/Co)

Bank Credit Decision. Each Bank acknowledges that it has, independently and without reliance upon the Agent, the Issuing Bank or any other Bank and based on the financial statements referred to in Section 5.01(e) and its review of the Loan Documents and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Bank also acknowledges that it will, independently and without reliance upon the Agent, any Issuing Bank or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Phycor Inc /Tn/), Revolving Credit Agreement (Phycor Inc /Tn/)

Bank Credit Decision. Each Bank acknowledges that it has, independently and without reliance upon the Administrative Agent, the Issuing Bank Lead Arranger or any other Bank and based 50 on the financial statements referred to in Section 5.01(e) prepared by the Loan Parties and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent, any Issuing Bank the Lead Arranger or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Term Loan Agreement (Mdu Resources Group Inc)

Bank Credit Decision. Each Bank acknowledges that it has, independently has independent of and without reliance upon the Agent, the Issuing Bank or any other Bank (including the Agents) or any information provided by any other Bank (including the Agents) and based on the financial statements referred to in Section 5.01(e) of the Borrowers and the Guarantors and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan DocumentsAgreement. Each Bank also acknowledges that it will, independently independent of and without reliance upon the Agent, any Issuing Bank or any other Bank (including the Agents) and based on such documents and information as it shall deem appropriate at the that time, continue to make its own credit decisions in taking or not taking action under this Agreement and the any other Loan Documentsdocuments relating thereto.

Appears in 1 contract

Samples: Credit Facility Agreement (Ensco International Inc)

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Bank Credit Decision. Each Bank acknowledges and agrees -------------------- that it has, independently and without reliance upon either of the Agent, the Issuing Bank Agents or any other Bank and based on the financial statements referred to in Section 5.01(e) 4.09 and such other documents and information ------------ as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan DocumentsCredit Agreement. Each Bank also acknowledges and agrees that it will, independently and without reliance upon either of the Agent, any Issuing Bank Agents or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Barrett Resources Corp)

Bank Credit Decision. Each Bank acknowledges that it has, independently and without reliance upon the Agent, the Issuing Bank or any other Bank and based on the financial statements referred to in Section 5.01(e) 6.04 and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the any other Loan DocumentsDocument. Each Bank also acknowledges that it will, independently and without reliance upon the Agent, any the Issuing Bank or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the any other Loan DocumentsDocument.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Inmac Corp)

Bank Credit Decision. Each Bank acknowledges that it has, independently and without reliance upon the Administrative Agent, the Issuing Bank Arranger or any other Bank and based on the financial statements referred to in Section 5.01(e) prepared by the Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Credit Documents. Each Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent, any Issuing Bank the Arranger or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Integrated Electrical Services Inc)

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