Common use of Covenants of New Lenders Clause in Contracts

Covenants of New Lenders. Each First Amendment Effective Date Term Lender that was not a Lender of record immediately prior to the First Amendment Effective Date (a) represents and warrants that (i) from and after the First Amendment Effective Date, it shall be bound by the provisions of the Credit Agreement, as amended by this Amendment, as a Lender thereunder and, to the extent of its respective First Amendment Effective Date Term Loan Commitments and First Amendment Effective Date Term Loans, shall have the obligations and rights of a Lender thereunder and (ii) it has independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Amendment and to make its respective First Amendment Effective Date Term Loans and (b) agrees that (i) it will, independently and without reliance on the Agent or any Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

Appears in 2 contracts

Samples: Credit Agreement (Tempus AI, Inc.), Credit Agreement (Tempus Labs, Inc.)

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Covenants of New Lenders. Each First Second Amendment Effective Date Term Lender that was not a Lender of record immediately prior to the First Second Amendment Effective Date (a) represents and warrants that (i) from and after the First Second Amendment Effective Date, it shall be bound by the provisions of the Credit Agreement, as amended by this Amendment, as a Lender thereunder and, to the extent of its respective First Second Amendment Effective Date Term Loan Commitments and First Second Amendment Effective Date Term Loans, shall have the obligations and rights of a Lender thereunder and (ii) it has independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Amendment and to make its respective First Second Amendment Effective Date Term Loans and (b) agrees that (i) it will, independently and without reliance on the Agent or any Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

Appears in 2 contracts

Samples: Credit Agreement (Tempus AI, Inc.), Credit Agreement (Tempus Labs, Inc.)

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