Common use of Condition of Borrowers Clause in Contracts

Condition of Borrowers. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers and any other guarantor such information concerning the financial condition, business and operations of the Borrowers and any such other guarantor as the Guarantor requires, and that the Administrative Agent and Lenders have no duty, and the Guarantor is not relying on the Administrative Agent or any Lender at any time, to disclose to the Guarantor any information relating to the business, operations or financial condition of the Borrowers or any other guarantor (the guarantor waiving any duty on the part of the Administrative Agent and Lenders to disclose such information and any defense relating to the failure to provide the same).

Appears in 3 contracts

Samples: Revolving Credit Agreement (Hasbro Inc), Revolving Credit Agreement (Hasbro Inc), Revolving Credit Agreement (Hasbro Inc)

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Condition of Borrowers. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers and any other guarantor such information concerning the financial condition, business and operations of the Borrowers and any such other guarantor as the Guarantor requires, and that the Administrative Agent Agent, Collateral Agent, Documentation Agent, and Lenders have no duty, and the Guarantor is not relying on the Administrative Agent Agent, Collateral Agent, Documentation Agent, or any Lender at any time, to disclose to the Guarantor any information relating to the business, operations or financial condition of the Borrowers or any other guarantor (the guarantor waiving any duty on the part of the Administrative Agent and Lenders Lender to disclose such information and any defense relating to the failure to provide the same).

Appears in 2 contracts

Samples: Continuing Guaranty (Americas Carmart Inc), Continuing Guaranty (Americas Carmart Inc)

Condition of Borrowers. The Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers each Borrower and any other guarantor Guarantor such information concerning the financial condition, business and operations of the Borrowers each Borrower and any such other guarantor Guarantor as the such Guarantor requires, and that neither the Administrative Agent and Lenders have no nor any other Beneficiary has any duty, and the such Guarantor is not relying on the Administrative Agent or any Lender other Beneficiary at any time, to disclose to the such Guarantor any information relating to the business, operations or financial condition of the Borrowers any Borrower or any other guarantor Guarantor (the guarantor such Guarantor waiving any duty on the part of the Administrative Agent and Lenders or any other Beneficiary to disclose such information and any defense relating to the failure to provide the same).

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (USD Partners LP)

Condition of Borrowers. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers and any other guarantor such information concerning the financial condition, business and operations of the Borrowers and any such other guarantor as the Guarantor requires, and that the Administrative Agent and Lenders the other Secured Parties have no duty, and the Guarantor is not relying on the Administrative Agent or any Lender other Secured Party at any time, to disclose to the Guarantor any information relating to the business, operations or financial condition of the Borrowers or any other guarantor (the guarantor waiving any duty on the part of the Administrative Agent and Lenders the other Secured Parties to disclose such information and any defense relating to the failure to provide the same).

Appears in 2 contracts

Samples: Prospect Medical Holdings Inc, Prospect Medical Holdings Inc

Condition of Borrowers. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers and any other guarantor such information concerning the financial condition, business and operations of the Borrowers and any such other guarantor as the Guarantor requires, and that the Administrative Agent and Lenders have no duty, and the Guarantor is not relying on the Administrative Agent or any Lender at any time, to disclose to the Guarantor any information relating to the business, operations or financial condition of the Borrowers or any other guarantor (the guarantor waiving any duty on the part of the Administrative Agent and Lenders Lender to disclose such information and any defense relating to the failure to provide the same).

Appears in 2 contracts

Samples: Continuing Guaranty (Americas Carmart Inc), Continuing Guaranty (Americas Carmart Inc)

Condition of Borrowers. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers and any other guarantor such information concerning the financial condition, business and operations of the Borrowers and any such other guarantor as the Guarantor requires, and that neither the Administrative Agent and Lenders have no nor any Lender has any duty, and the Guarantor is not relying on the Administrative Agent or any Lender at any time, to disclose to the Guarantor any information relating to the business, operations or financial condition of the Borrowers or any other guarantor (the guarantor Guarantor waiving any duty on the part of the Administrative Agent and Lenders or any Lender to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Credit Agreement (Harris Stratex Networks, Inc.)

Condition of Borrowers. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers each Borrower and any other guarantor such information concerning the financial condition, business and operations of the Borrowers such Borrower and any such other guarantor as the Guarantor requires, and that the Administrative Agent and Lenders have Lender has no duty, and the Guarantor is not relying on the Administrative Agent or any Lender at any time, to disclose to the Guarantor any information relating to the business, operations or financial condition of the Borrowers any Borrower or any other guarantor (the guarantor waiving any duty on the part of the Administrative Agent and Lenders Lender to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Loan and Security Agreement (Qad Inc)

Condition of Borrowers. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers and any other guarantor such information concerning the financial condition, business and operations of the Borrowers and any such other guarantor as the Guarantor requires, and that the Administrative Agent and Lenders have no duty, and the Guarantor is not relying on the Administrative Agent or any Lender at any time, to disclose to the Guarantor any information relating to the business, operations or financial condition of the Borrowers or any other guarantor (the guarantor waiving any duty on the part of the Administrative Agent and Lenders to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Credit Agreement (International Flavors & Fragrances Inc)

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Condition of Borrowers. The Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers and any other guarantor such information concerning the financial condition, business and operations of the Borrowers and any such other guarantor as the Guarantor requires, and that the Administrative Agent and Lenders have no duty, and the not Guarantor is not relying on the Administrative Agent or any Lender at any time, to disclose to the such Guarantor any information relating to the business, operations or financial condition of the Borrowers or any other guarantor (the guarantor waiving any duty on the part of the Administrative Agent and Lenders Lender to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Continuing Guaranty (Americas Carmart Inc)

Condition of Borrowers. The Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers each Borrower and any other guarantor such Guarantor, information concerning the financial condition, business and operations of the Borrowers each Borrower and any other Guarantor as such other guarantor as the Guarantor requires, and that neither the Administrative Agent and Lenders have no nor any other Beneficiary has any duty, and the such Guarantor is not relying on the Administrative Agent or any Lender other Beneficiary at any time, to disclose to the such Guarantor any information relating to the business, operations or financial condition of the Borrowers any Borrower or any other guarantor Guarantor (the guarantor such Guarantor waiving any duty on the part of the Administrative Agent and Lenders or any other Beneficiary to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Security Agreement (USD Partners LP)

Condition of Borrowers. The Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers each Borrower and any other guarantor Guarantor such information concerning the financial condition, business and operations of the Borrowers such Borrower and any such other guarantor Guarantor as the Guarantor requires, and that the Administrative Agent and Lenders have no duty, and the not Guarantor is not relying on the Administrative Agent or any Lender at any time, to disclose to the such Guarantor any information relating to the business, operations or financial condition of the Borrowers any Borrower or any other guarantor Guarantor (the guarantor waiving any duty on the part of the Administrative Agent and Lenders or any Lender to disclose such information and any defense relating to the failure to provide the same).. 119

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Guess Inc)

Condition of Borrowers. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers each Borrower and any other guarantor such information concerning the financial condition, business and operations of the Borrowers such Borrower and any such other guarantor as the Guarantor requires, and that the Administrative Agent and Lenders Lender Parties have no duty, and the Guarantor is not relying on the Administrative Agent or any Lender Party at any time, to disclose to the Guarantor any information relating to the business, operations or financial condition of the Borrowers any Borrower or any other guarantor (the guarantor waiving any duty on the part of the Administrative Agent and Lenders Lender Parties to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Credit Agreement (Arthur J. Gallagher & Co.)

Condition of Borrowers. The Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers Borrower and any other guarantor such information concerning the financial condition, business and operations of the Borrowers such Borrower and any such other guarantor as the such Guarantor requires, and that the Administrative Agent and Lenders have has no duty, and the such Guarantor is not relying on the Administrative Agent or any Lender at any time, to disclose to the such Guarantor any information relating to the business, operations or financial condition of the Borrowers Borrower or any other guarantor (the guarantor waiving any duty on the part of the Administrative Agent and Lenders to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Master Continuing Guaranty (Sonus Networks Inc)

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