Common use of CREDITOR'S REPRESENTATIONS AND WARRANTIES Clause in Contracts

CREDITOR'S REPRESENTATIONS AND WARRANTIES. Each Creditor represents and warrants to Lender that: (A) no representations or agreements of any kind have been made to Creditors which would limit or qualify in any way the terms of this Agreement; (B) this Agreement is executed at Borrower’s request and not at the request of Lender; (C) Lender has made no representation to Creditors as to the creditworthiness of Borrower; and (D) Creditors have established adequate means of obtaining from Borrower on a continuing basis information regarding Borrower’s financial condition. Creditors agree to keep adequately informed from such means of any facts, events, or circumstances which might in any way affect Creditors’ risks under this Agreement, and Creditors further agree that Lender shall have no obligation to disclose to Creditors information or material acquired by Lender in the course of its relationship with Borrower.

Appears in 2 contracts

Samples: Subordination Agreement, Subordination Agreement (Blonder Tongue Laboratories Inc)

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CREDITOR'S REPRESENTATIONS AND WARRANTIES. Each Creditor represents and warrants to Lender that: (A) no representations or agreements of any kind have been made to Creditors Creditor which would limit or qualify in any way the terms of this Agreement; Agreement (B) this Agreement is executed at Borrower’s 's request and not at the request of Lender; (C) Lender has made no representation to Creditors Creditor as to the creditworthiness of Borrower; and (D0) Creditors have Creditor has established adequate means of obtaining from Borrower on a continuing basis information regarding Borrower’s 's financial condition. Creditors agree Creditor agrees to keep adequately informed from such means of any facts, events, or circumstances which might in any way affect Creditors’ Creditor's risks under this Agreement, and Creditors Creditor further agree agrees that Lender shall have no obligation to disclose to Creditors Creditor information or material acquired by Lender Xxxxxx in the the, course of its relationship with Borrower.

Appears in 1 contract

Samples: Subordination Agreement (Pacifichealth Laboratories Inc)

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CREDITOR'S REPRESENTATIONS AND WARRANTIES. Each The Creditor represents and warrants to Lender that: : (Aa) no representations or agreements of any kind have been made to Creditors the Creditor which would limit or qualify in any way the terms of this Agreement; ; (Bb) this Agreement is executed at Borrower’s request and not at the request of Lender; ; (Cc) Lender has made no representation to Creditors the Creditor as to the creditworthiness of Borrower; and and (Dd) Creditors have The Creditor has established adequate means of obtaining from Borrower on a continuing basis information regarding Borrower’s financial condition. Creditors agree The Creditor agrees to keep adequately informed from such means of any facts, events, or circumstances which might in any way affect Creditors’ the Creditor’s risks under this Agreement, Agreement and Creditors the Creditor further agree agrees that Lender shall have no obligation to disclose to Creditors the Creditor information or material acquired by Lender in the course of its relationship with Borrower.

Appears in 1 contract

Samples: Subordination Agreement (World Energy Solutions, Inc.)

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