Company Acknowledgements. The Company hereby acknowledges that ------------------------ (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents, (b) neither the Agent nor any Lender has any fiduciary relationship to the Company, the relationship being solely that of debtor and creditor, (c) no joint venture exists between the Company, the Agent or any Lender, and (d) neither the Agent nor any Lender undertakes any responsibility to the Company to review or inform the Company of any matter in connection with any phase of the business or operations of the Company and the Company shall rely entirely upon its own judgment with respect to its business, and any review, inspection or supervision of, or information supplied to, the Company by the Lenders is for the protection of the Lenders and neither the Company nor any third party is entitled to rely thereon.
Appears in 2 contracts
Samples: Credit Agreement (New Century Financial Corp), Credit Agreement (New Century Financial Corp)
Company Acknowledgements. The Company hereby acknowledges that ------------------------
(a) it a)it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents, (b) neither b)neither the Agent nor any Lender Bank has any fiduciary relationship to the Company, the relationship being solely that of debtor borrower and creditorlender, (c) no c)no joint venture exists among or between the Company, Company and the Agent or any LenderBank, and (d) neither d)the Agent and the Agent nor any Lender undertakes any Banks undertake no responsibility to the Company to review or inform the Company of any matter in connection with any phase of the business or operations of the Company and the Company shall rely entirely upon its own judgment with respect to its business, and any review, inspection or supervision of, or information supplied to, to the Company by the Lenders Agent or any Bank is for the protection of the Lenders Agent and the Banks and neither the Company nor any third party is entitled to rely thereon.
Appears in 1 contract
Samples: Credit Agreement (Best Buy Co Inc)
Company Acknowledgements. The Company hereby acknowledges that ------------------------
(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents, (b) neither the Agent nor any Lender Bank has any fiduciary relationship to the Company, the relationship being solely that of debtor and creditor, (c) no joint venture exists between the Company, the Agent or any LenderBank, and (d) neither the Agent nor any Lender Bank undertakes any responsibility to the Company to review or inform the Company of any matter in connection with any phase of the business or operations of the Company and the Company shall rely entirely upon its own judgment with respect to its business, and any review, inspection or supervision of, or information supplied to, the Company by the Lenders Banks is for the protection of the Lenders Banks and neither the Company nor any third party is entitled to rely thereon.
Appears in 1 contract
Company Acknowledgements. The Company hereby acknowledges that ------------------------
(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents, (b) neither the Agent nor any Lender Bank has any fiduciary relationship to the Company, the relationship being solely that of debtor borrower and creditorlender, (c) no joint venture exists among or between the Company, Company and the Agent or any LenderBank, and (d) neither the Agent nor any Lender undertakes any and the Banks undertake no responsibility to the Company to review or inform the Company of any matter in connection with any phase of the business or operations of the Company and the Company shall rely entirely upon its own judgment with respect to its business, and any review, inspection or supervision of, or information supplied to, to the Company by the Lenders Agent or any Bank is for the protection of the Lenders Agent and the Banks and neither the Company nor any third party is entitled to rely thereon.
Appears in 1 contract
Samples: Credit Agreement (Best Buy Co Inc)