Common use of Company Acknowledgments Clause in Contracts

Company Acknowledgments. 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 borrower and lender, (c) no joint venture exists among or between the Company and the Agent or any Lender, and (d) the Agent and the Lenders 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 the Company by the Agent or any Lender is for the protection of the Agent and the Lenders and neither the Company nor any third party is entitled to rely thereon.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (Best Buy Co Inc), Revolving Credit Agreement (Best Buy Co Inc)

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Company Acknowledgments. 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 borrower debtor and lendercreditor, (c) no joint venture exists among or between the Company and Company, the Agent or any Lender, and (d) neither the Agent and the Lenders undertake no 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 to, the Company by the Agent or any Lender Lenders is for the protection of the Agent and the Lenders and neither the Company nor any third party is entitled to rely thereon.

Appears in 1 contract

Samples: Credit Agreement (New Century Financial Corp)

Company Acknowledgments. 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 borrower and lender, (c) no c)no joint venture exists among or between the Company and the Agent or any LenderBank, and (d) the d)the Agent and the Lenders 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 the Company by the Agent or any Lender Bank is for the protection of the Agent and the Lenders 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 Acknowledgments. 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 borrower debtor and lendercreditor, (c) no joint venture exists among or between the Company and Company, the Agent or any Lender, and (d) neither the Agent and the Lenders undertake no 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 to, the Company by the Agent or any Lender Lenders is for the protection of the Agent and the Lenders and neither the Company nor any third party is entitled to rely thereon.. [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

Appears in 1 contract

Samples: Credit Agreement (Matrix Bancorp Inc)

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Company Acknowledgments. 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 borrower and lender, (c) no joint venture exists among or between the Company and the Agent or any LenderBank, and (d) the Agent and the Lenders 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 the Company by the Agent or any Lender Bank is for the protection of the Agent and the Lenders 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)

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