Common use of Condition of Borrowers Clause in Contracts

Condition of Borrowers. Each Subsidiary 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 each Borrower and any such other guarantor as such Subsidiary Guarantor requires, and that none of the Lender Parties has any duty, and such Subsidiary Guarantor is not relying on the Lender Parties at any time, to disclose to such Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower or any other guarantor (such Subsidiary Guarantor waiving any duty on the part of the Lender Parties to disclose such information and any defense relating to the failure to provide the same).

Appears in 4 contracts

Samples: Credit Agreement (Parexel International Corp), Credit Agreement (Parexel International Corp), Credit Agreement (Parexel International Corp)

AutoNDA by SimpleDocs

Condition of Borrowers. Each Subsidiary 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 each Borrower the Borrowers and any such other guarantor as such each Subsidiary Guarantor requires, and that none of the Lender Secured Parties has any duty, and such any Subsidiary Guarantor is not relying on the Lender Secured Parties at any time, to disclose to such any Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower the Borrowers or any other guarantor (such each Subsidiary Guarantor waiving any duty on the part of the Lender Secured Parties to disclose such information and any defense relating to the failure to provide the same).. 12.10

Appears in 2 contracts

Samples: Credit Agreement (Matrix Service Co), Credit Agreement (Matrix Service Co)

Condition of Borrowers. Each Subsidiary 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 each Borrower the Borrowers and any such other guarantor as such Subsidiary Guarantor requires, and that none of the Lender Secured Parties has any duty, and such no Subsidiary Guarantor is not relying on the Lender Secured Parties at any time, to disclose to such Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower the Borrowers or any other guarantor (such each Subsidiary Guarantor waiving any duty on the part of the Lender Secured Parties to disclose such information and any defense relating to the failure to provide the same).

Appears in 2 contracts

Samples: Credit Agreement (Intrepid Potash, Inc.), Credit Agreement (Intrepid Potash, Inc.)

Condition of Borrowers. Each Subsidiary 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 each Borrower the Borrowers and any such other guarantor as such each Subsidiary Guarantor requires, and that none of the Lender Secured Parties has any duty, and such no Subsidiary Guarantor is not relying on the Lender Secured Parties at any time, to disclose to such any Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower the Borrowers or any other guarantor (such and each Subsidiary Guarantor waiving any duty on the part of the Lender Secured Parties to disclose such information and any defense relating to the failure to provide the same).

Appears in 2 contracts

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.)

Condition of Borrowers. Each Subsidiary 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 each Borrower the Borrowers and any such other guarantor as such each Subsidiary Guarantor requires, and that none of the Lender Secured Parties 163 has any duty, and such any Subsidiary Guarantor is not relying on the Lender Secured Parties at any time, to disclose to such any Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower the Borrowers or any other guarantor (such each Subsidiary Guarantor waiving any duty on the part of the Lender Secured Parties to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

Condition of Borrowers. Each Subsidiary 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 each Borrower Borrowers and any such other guarantor as such Subsidiary the Guarantor requires, and that none of the Lender Parties has any Agent, Collateral Agent, Documentation Agent, and Lenders have no duty, and such Subsidiary not Guarantor is not relying on the Agent, Collateral Agent, Documentation Agent, or any Lender Parties at any time, to disclose to such Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower Borrowers or any other guarantor (such Subsidiary Guarantor the guarantor waiving any duty on the part of the Lender Parties 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. Each Subsidiary 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 each Borrower the Borrowers and any such other guarantor as such each Subsidiary Guarantor requires, and that none of the Lender Secured Parties has any duty, and such any Subsidiary Guarantor is not relying on the Lender Secured Parties at any time, to disclose to such any Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower the Borrowers or any other guarantor (such each Subsidiary Guarantor waiving any duty on the part of the Lender Secured Parties to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

Condition of Borrowers. Each Subsidiary 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 each Borrower the Borrowers and any such other guarantor as such each Subsidiary Guarantor requires, and that none of the Lender Secured Parties has any duty, and such no Subsidiary Guarantor is not relying on the Lender Secured Parties at any time, to disclose to such any Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower the Borrowers or any other guarantor (such and each Subsidiary Guarantor waiving any duty on the part of the Lender Secured Parties to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Credit and Security Agreement (FreightCar America, Inc.)

AutoNDA by SimpleDocs

Condition of Borrowers. Each Subsidiary 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 each Borrower the Borrowers and any such other guarantor as such Subsidiary Guarantor requires, and that none each of the Lender Parties Administrative Agent and the Sustainability Structuring Agent has any and the Lenders have no duty, and such Subsidiary Guarantor is not relying on the Lender Parties Administrative Agent at any time, to disclose to such Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower or any other guarantor (such Subsidiary each Guarantor waiving any duty on the part of the Administrative Agent, the Sustainability Structuring Agent or any Lender Parties to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Credit Agreement (Host Hotels & Resorts L.P.)

Condition of Borrowers. Each Subsidiary 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 and Guarantors such information concerning the financial condition, business and operations of each such Borrower and any such other guarantor or Guarantor as such Subsidiary Guarantor requires, and that none of the Administrative Agent and Lender Parties has any have no duty, and such Subsidiary no Guarantor is not relying on the Administrative Agent or any Lender Parties Party at any time, to disclose to such Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower or any other guarantor or Guarantor (such Subsidiary the guarantor or Guarantor waiving any duty on the part of the Administrative Agent and 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. Each Subsidiary 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 each Borrower the Borrowers and any such other guarantor as such each Subsidiary Guarantor requires, and that none of the Lender Credit Parties has any duty, and such nor any Subsidiary Guarantor is not relying on the Lender Credit Parties at any time, to disclose to such any Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower the Borrowers or any other guarantor (such and Subsidiary Guarantor waiving any duty on the part of the Lender Credit Parties to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Samples: Credit Agreement (StarTek, Inc.)

Condition of Borrowers. Each Subsidiary 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 each Borrower the Borrowers and any such other guarantor as such each Subsidiary Guarantor requires, and that none of the Lender Secured Parties has any duty, and such no Subsidiary Guarantor is not relying on the Lender Secured Parties at any time, to disclose to such any Subsidiary Guarantor any information relating to the business, operations or financial condition of any Borrower the Borrowers or any other guarantor (such and each Subsidiary Guarantor waiving any duty on the part of the Lender Secured Parties to disclose such information and any defense relating to the failure to provide the same).. 12.10

Appears in 1 contract

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!