Common use of Borrower Acknowledgements Clause in Contracts

Borrower Acknowledgements. Each Borrower hereby acknowledges that (a) it has been advised by counsel in the negotiation, signing and delivery of the Loan Documents, (b) neither Agent nor any Lender has any fiduciary relationship to any of the Borrowers, the relationship being solely that of debtor and creditor, (c) no joint venture exists between any of the Borrowers and Agent or any Lender, and (d) neither Agent nor any Lender undertakes any responsibility to any of the Borrowers to review or inform any of the Borrowers of any matter in connection with any phase of the business or operations of any of the Borrowers and each of the Borrowers shall rely entirely upon its own judgment with respect to its business, and any review, inspection or supervision of, or information supplied to, any of the Borrowers by Agent or any Lender is for the protection of the Lenders and none of the Borrowers nor any third party is entitled to rely thereon.

Borrower Acknowledgements. Each Borrower hereby acknowledges that (a) it has been advised by counsel in the negotiation, signing execution and delivery of this Agreement and the other Loan Documents, (b) neither the Administrative Agent nor any Lender has any fiduciary relationship to any of the Borrowerssuch Borrower, the relationship being solely that of debtor and creditor, (c) no joint venture exists between any of such Borrower and the Borrowers and Administrative Agent or any Lender, and (d) neither the Administrative Agent nor any Lender undertakes any responsibility to any of the Borrowers such Borrower to review or inform any of the Borrowers such Borrower of any matter in connection with any phase of the business or operations of any of the Borrowers such Borrower and each of the Borrowers such Borrower shall rely entirely upon its own judgment with respect to its business, and any review, inspection or supervision of, or information supplied to, any of the Borrowers by the Administrative Agent or any Lender is for the protection of the Lenders and none of the Borrowers neither such Borrower nor any third party is entitled to rely thereon.