Common use of Financial Condition of Borrower and other Guarantors Clause in Contracts

Financial Condition of Borrower and other Guarantors. Any extension of credit may be made to the Borrower or continued from time to time, without notice to or authorization from any Guarantor regardless of the financial or other condition of the Borrower or any other Guarantor at the time of any such grant or continuation. No Guaranteed Party shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of the Borrower or any other Guarantor. Each Guarantor has adequate means to obtain information from the Borrower and each other Guarantor on a continuing basis concerning the financial condition of the Borrower and each other Guarantor and its ability to perform its obligations under the Loan Documents, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of the Borrower and each other Loan Party and each other Guarantor and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Guaranteed Party to disclose any matter, fact or thing relating to the business, operations or condition of the Borrower or any other Guarantor now known or hereafter known by any Guaranteed Party.

Appears in 6 contracts

Samples: Credit and Guaranty Agreement (Warner Chilcott LTD), Credit and Guaranty Agreement (Actavis PLC), Credit and Guaranty Agreement (Actavis PLC)

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Financial Condition of Borrower and other Guarantors. Any extension of credit Advance may be made to the Borrower Borrowers or continued from time to time, time without notice to or authorization from any Guarantor regardless of the financial or other condition of the any Borrower or any other Guarantor at the time of any such grant or continuation. No Guaranteed Secured Party shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of the any Borrower or any other Guarantor. Each Guarantor has adequate means to obtain information from the Borrower Borrowers and each other Guarantor on a continuing basis concerning the financial condition of the each Borrower and each other Guarantor and its ability to perform its obligations under this Agreement and the Loan Other Documents, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of the each Borrower and each other Loan Party and each other Guarantor and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Guaranteed Secured Party to disclose any matter, fact or thing relating to the business, operations or condition conditions of the any Borrower or any other Guarantor now known or hereafter known by any Guaranteed Secured Party.

Appears in 4 contracts

Samples: Credit and Security Agreement (Quantum Corp /De/), Credit and Security Agreement (Quantum Corp /De/), Revolving Credit and Security Agreement (Quantum Corp /De/)

Financial Condition of Borrower and other Guarantors. Any extension of credit Loan may be made to the Borrower Borrowers or continued from time to time, time without notice to or authorization from any Guarantor regardless of the financial or other condition of the any Borrower or any other Guarantor at the time of any such grant or continuation. No Guaranteed Secured Party shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of the any Borrower or any other Guarantor. Each Guarantor has adequate means to obtain information from the Borrower Borrowers and each other Guarantor on a continuing basis concerning the financial condition of the each Borrower and each other Guarantor and its ability to perform its obligations under this Agreement and the Loan Other Documents, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of the each Borrower and each other Loan Party and each other Guarantor and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Guaranteed Secured Party to disclose any matter, fact or thing relating to the business, operations or condition conditions of the any Borrower or any other Guarantor now known or hereafter known by any Guaranteed Secured Party.

Appears in 4 contracts

Samples: Term Loan Credit and Security Agreement (Quantum Corp /De/), Security Agreement (Quantum Corp /De/), Security Agreement (Quantum Corp /De/)

Financial Condition of Borrower and other Guarantors. Any extension of credit Credit Event may be made to the Borrower or continued from time to time, without notice to or authorization from any Guarantor regardless of the financial or other condition of the Borrower or any other Guarantor at the time of any such grant or continuation. No Guaranteed Party shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of the Borrower or any other Guarantor. Each Guarantor has adequate means to obtain information from the Borrower and each other Guarantor on a continuing basis concerning the financial condition of the Borrower and each other Guarantor and its ability to perform its obligations under the Loan Documents, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of the Borrower and each other Loan Party and each other Guarantor and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Guaranteed Party to disclose any matter, fact or thing relating to the business, operations or condition of the Borrower or any other Guarantor now known or hereafter known by any Guaranteed Party.

Appears in 3 contracts

Samples: Lien Guaranty Agreement (Centric Brands Inc.), Credit Agreement (Affinion Group, Inc.), First Lien Guaranty Agreement (Centric Brands Inc.)

Financial Condition of Borrower and other Guarantors. Any extension of credit may be made to the Borrower or continued from time to time, without notice to or authorization from any Guarantor regardless of the financial or other condition of the Borrower or any other Guarantor at the time of any such grant or continuation. No Guaranteed Party shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of the Borrower or any other Guarantor. Each Guarantor has adequate means to obtain information from the Borrower and each other Guarantor on a continuing basis concerning the financial condition of the Borrower and each other Guarantor and its ability to perform its obligations under the Loan Documents, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of the Borrower and each other Loan Party and each other Guarantor and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Guaranteed Party to disclose any matter, fact or thing relating to the business, operations or condition of the Borrower or any other Guarantor now known or hereafter known by any Guaranteed Party.

Appears in 3 contracts

Samples: Assignment and Assumption (Warner Chilcott LTD), Assignment and Assumption (Warner Chilcott LTD), Assignment and Assumption (Warner Chilcott LTD)

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Financial Condition of Borrower and other Guarantors. Any extension of credit Credit Extension may be made to the Borrower or continued from time to time, time without notice to or authorization from any Guarantor regardless of the financial or other condition of the Borrower or any other Guarantor at the time of any such grant or continuation. No Guaranteed Secured Party shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of the Borrower or any other Guarantor. Each Guarantor has adequate means to obtain information from the Borrower and each other Guarantor on a continuing basis concerning the financial condition of the Borrower and each other Guarantor and its ability to perform its obligations under the Loan Documents, Documents and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of the Borrower and each other Loan Party Borrower, and each other Guarantor and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Secured Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Guaranteed Secured Party to disclose any matter, fact or thing relating to the business, operations or condition conditions of the Borrower or any other Guarantor now known or hereafter known by any Guaranteed Secured Party.

Appears in 2 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement (Staples Inc)

Financial Condition of Borrower and other Guarantors. Any extension of credit Loan may be made to the Borrower Borrowers or continued from time to time, time without notice to or authorization from any Guarantor regardless of the financial or other condition of the any Borrower or any other Guarantor at the time of any such grant or continuation. No Guaranteed Secured Party shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of the any Borrower or any other Guarantor. Each Guarantor has adequate means to obtain information from the Borrower Borrowers and each other Guarantor on a continuing basis concerning the financial condition of the each Borrower and each other Guarantor and its ability to perform its obligations under this Agreement and the Loan Other Documents, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of the each Borrower and each other Loan Party and each other Guarantor and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Guaranteed Secured 141 Party to disclose any matter, fact or thing relating to the business, operations or condition conditions of the any Borrower or any other Guarantor now known or hereafter known by any Guaranteed Secured Party.

Appears in 1 contract

Samples: Term Loan Credit and Security Agreement (Quantum Corp /De/)

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