Common use of Credit appraisal by the Finance Parties Clause in Contracts

Credit appraisal by the Finance Parties. Without affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Finance Document, each Finance Party confirms to each Administrative Finance Party that it has been, and will continue to be, solely responsible for making its own independent appraisal and investigation of all risks arising under or in connection with any Finance Document including but not limited to: 29.15.1 the financial condition, status and nature of each Obligor and each other member of the Group; 29.15.2 the legality, validity, effectiveness, adequacy or enforceability of any Finance Document and the Transaction Security and any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document or the Transaction Security; 29.15.3 whether that Finance Party has recourse, and the nature and extent of that recourse, against any Party or any of its respective assets under or in connection with any Finance Document, the Transaction Security, the transactions contemplated by the Finance Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document; and 29.15.4 the adequacy, accuracy and/or completeness of the Information Memorandum and any other information provided by that Administrative Finance Party, any other Party or by any other person under or in connection with any Finance Document, the transactions contemplated by the Finance Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document.

Appears in 1 contract

Samples: Borrowing Base Facility Agreement (Transglobe Energy Corp)

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Credit appraisal by the Finance Parties. Without affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Finance Document, each Finance Party confirms to each Administrative Finance Party the Security Trustee that it has been, and will continue to be, solely responsible for making its own independent appraisal and investigation of all risks arising under or in connection with any Finance Document including but not limited to:: 11/11665581 119 29.15.1 30.18.1 the financial condition, status and nature of each Obligor and each other member of the Group; 29.15.2 30.18.2 the legality, validity, effectiveness, adequacy or enforceability of any Finance Document and the Transaction Security and any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document or the Transaction SecurityDocument; 29.15.3 30.18.3 whether that Finance Party has recourse, and the nature and extent of that recourse, against any Party or any of its respective assets under or in connection with any Finance Document, the Transaction Security, the transactions contemplated by the Finance Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document; and 29.15.4 30.18.4 the adequacy, accuracy and/or completeness of the Information Memorandum and any other information provided by that Administrative Finance Partythe Security Trustee, any other Party or by any other person under or in connection with any Finance Document, the transactions contemplated by the Finance Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document.

Appears in 1 contract

Samples: Borrowing Base Facility Agreement (Transglobe Energy Corp)

Credit appraisal by the Finance Parties. Without affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Finance Document, each Finance Party confirms to each Administrative Finance Party the Security Trustee that it has been, and will continue to be, solely responsible for making its own independent appraisal and investigation of all risks arising under or in connection with any Finance Document including but not limited to: 29.15.1 30.18.1 the financial condition, status and nature of each Obligor and each other member of the Group; 29.15.2 30.18.2 the legality, validity, effectiveness, adequacy or enforceability of any Finance Document and the Transaction Security and any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document or the Transaction SecurityDocument; 29.15.3 30.18.3 whether that Finance Party has recourse, and the nature and extent of that recourse, against any Party or any of its respective assets under or in connection with any Finance Document, the Transaction Security, the transactions contemplated by the Finance Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document; and 29.15.4 30.18.4 the adequacy, accuracy and/or completeness of the Information Memorandum and any other information provided by that Administrative Finance Partythe Security Trustee, any other Party or by any other person under or in connection with any Finance Document, the transactions contemplated by the Finance Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document.

Appears in 1 contract

Samples: Borrowing Base Facility Agreement (Transglobe Energy Corp)

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Credit appraisal by the Finance Parties. Without affecting the responsibility of any Obligor for information supplied by it or on its behalf in connection with any Finance Document, each Finance Party confirms to each Administrative Finance Party the Security Trustee that it has been, and will continue to be, solely responsible for making its 158 Index own independent appraisal and investigation of all risks arising under or in connection with any Finance Document including but not limited toincluding: 29.15.1 29.14.1 the financial condition, status and nature of each Obligor and each other member of the Group; 29.15.2 29.14.2 the legality, validity, effectiveness, adequacy or enforceability of any Finance Document and the Document, any Transaction Security and any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance Document or the Transaction Security; 29.15.3 29.14.3 whether that Finance Party has recourse, and the nature and extent of that recourse, against any Party or any of its respective assets under or in connection with any Finance Document, the Transaction Security, the transactions contemplated by the Finance Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance DocumentDocument or the Transaction Security; and 29.15.4 29.14.4 the adequacy, accuracy and/or completeness of the Information Memorandum and any other information provided by that Administrative Finance Partythe Security Trustee, any other Party or by any other person under or in connection with any Finance Document, the transactions contemplated by the Finance Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection with any Finance DocumentDocument or the Transaction Security.

Appears in 1 contract

Samples: Senior Secured Multicurrency Credit Facility Agreement (Carrizo Oil & Gas Inc)

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