Common use of Condition of Borrowers Clause in Contracts

Condition of Borrowers. Guarantor represents and warrants to Lender that it has established adequate means of obtaining from the Borrowers, on a continuing basis, financial and other information pertaining to the business, operations and condition (financial and otherwise) of any Borrower and its assets and properties. Guarantor hereby expressly waives and relinquishes any duty on the part of Lender (should any such duty exist) to disclose to Guarantor any matter, fact or thing related to the business, operations or condition (financial or otherwise) of any Borrower or its assets or properties, whether now known or hereafter known by Lender during the life of this Guaranty. With respect to any of the Obligations, Lender need not inquire into the powers of any Borrower or agents acting or purporting to act on its behalf, and all Obligations made or created in good faith reliance upon the professed exercise of such powers shall be guaranteed hereby.

Condition of Borrowers. Guarantor represents and warrants to the Lender that it has established adequate means of obtaining from the Borrowers, on a continuing basis, financial and other information pertaining to the businessbusinesses, operations and condition (financial and otherwise) of any Borrower the Borrowers and its their assets and properties. Guarantor hereby expressly waives and relinquishes any duty on the part of the Lender (should any such duty exist) to disclose to Guarantor any matter, fact or thing related to the business, operations or condition (financial or otherwise) of any Borrower the Borrowers or its their assets or properties, whether now known or hereafter known by the Lender during the life of this Guaranty. With respect to any of the Obligations, the Lender need not inquire into the powers of any Borrower the Borrowers or agents acting or purporting to act on its their behalf, and all Obligations made or created in good faith reliance upon the professed exercise of such powers shall be guaranteed hereby.

Condition of Borrowers. Guarantor represents and warrants to Lender that it has established adequate means of obtaining from the Borrowers, on a continuing basis, basis financial and other information pertaining to the businessbusinesses, operations and condition (financial and otherwise) of any Borrower the Borrowers and its their assets and properties. Each Guarantor hereby expressly waives and relinquishes any duty on the part of Lender (should any such duty exist) to disclose to such Guarantor any matter, fact or thing related to the business, operations or condition (financial or otherwise) of any Borrower the Borrowers or its their assets or properties, whether now known or hereafter known by Lender during the life of this Guaranty. With respect to any of the Obligations, Lender need not inquire into the powers of any Borrower the Borrowers or agents acting or purporting to act on its their behalf, and all Obligations made or created in good faith reliance upon the professed exercise of such powers shall be guaranteed hereby.

Condition of Borrowers. Guarantor represents and warrants to Lender Agent and each Noteholder that it has established adequate means of obtaining from the Borrowers, on a continuing basis, financial and other information pertaining to the businessbusinesses, operations and condition (financial and otherwise) of any Borrower Borrowers and its their assets and properties. Guarantor hereby expressly waives and relinquishes any duty on the part of Lender Agent or any Noteholder (should any such duty exist) to disclose to Guarantor any matter, fact or thing related to the business, operations or condition (financial or otherwise) of any Borrower Borrowers or its their assets or properties, whether now known or hereafter known by Lender Agent or any Noteholder during the life of this Guaranty. With respect to any of the Obligations, Lender neither Agent nor any Noteholder need not inquire into the powers of any Borrower Borrowers or agents acting or purporting to act on its behalf, and all Obligations made or created in good faith reliance upon the professed exercise of such powers shall be guaranteed hereby.