Common use of Condition of the Borrowers Clause in Contracts

Condition of the Borrowers. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from each Borrower such information concerning the financial condition, business and operations of such Borrower as such Guarantor requires, and that neither the Administrative Agent nor any Holder of Obligations has any duty, and such Guarantor is not relying on any Holder of Obligations at any time, to disclose to such Guarantor any information relating to the business, operations or financial condition of any Borrower.

Appears in 6 contracts

Samples: Credit Agreement (Watts Water Technologies Inc), Guaranty (Watts Water Technologies Inc), Guaranty (Watts Water Technologies Inc)

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Condition of the Borrowers. Each Domestic Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from each Borrower such information concerning the financial condition, business and operations of such Borrower as such Domestic Guarantor requires, and that neither the Administrative Agent nor any Holder of Obligations has any duty, and such Domestic Guarantor is not relying on any Holder of Obligations at any time, to disclose to such Domestic Guarantor any information relating to the business, operations or financial condition of any Borrower.

Appears in 2 contracts

Samples: Guaranty (Watts Water Technologies Inc), Guaranty (Watts Water Technologies Inc)

Condition of the Borrowers. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from each Borrower the Borrowers such information concerning the financial condition, business and operations of such Borrower the Borrowers as such Guarantor requires, and that neither the Administrative Agent nor any Holder of Obligations has any and the Lenders have no duty, and such Guarantor is not relying on any Holder of Obligations the Administrative Agent or the Lenders at any time, to disclose to such Guarantor any information relating to the business, operations or financial condition of any Borrowerthe Borrowers.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Aimco Properties Lp)

Condition of the Borrowers. Each The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from each Borrower the Borrowers such information concerning the financial condition, business and operations of such Borrower the Borrowers as such the Guarantor requires, and that neither the Administrative Agent nor any Holder of Obligations Lender has any duty, and such the Guarantor is not relying on the Administrative Agent or any Holder of Obligations Lender at any time, to disclose to such the Guarantor any information relating to the business, operations or financial condition of any Borrowerthe Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Andrew Corp)

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Condition of the Borrowers. Each Guarantor acknowledges The Guarantors acknowledge and agrees agree that it has they have the sole responsibility for, and has adequate means of, obtaining from each Borrower the Borrowers such information concerning the financial condition, business and operations of such Borrower the Borrowers as such Guarantor requiresthe Guarantors require, and that neither none of the Administrative Agent nor any Holder of Obligations has any Beneficiaries have a duty, and such Guarantor is the Guarantors are not relying on any Holder of Obligations the Beneficiaries at any time, to disclose to such Guarantor the Guarantors any information relating to the business, operations or financial condition of any Borrowerthe Borrowers.

Appears in 1 contract

Samples: American Home Mortgage Investment Corp

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