Common use of Financial Condition of Borrowers Clause in Contracts

Financial Condition of Borrowers. Each Guarantor represents that it has knowledge of the Borrowers’ financial condition and affairs and that it has adequate means to obtain from the Borrowers on an ongoing basis information relating thereto and to the Borrowers’ ability to pay and perform the Guaranteed Obligations, and agrees to assume the responsibility for keeping, and to keep, so informed for so long as this Guaranty is in effect with respect to such Guarantor. Each Guarantor agrees that the Guaranteed Parties shall have no obligation to investigate the financial condition or affairs of the Borrowers for the benefit of any Guarantor nor to advise any Guarantor of any fact respecting, or any change in, the financial condition or affairs of the Borrowers that might become known to any Guaranteed Party at any time, whether or not such Guaranteed Party knows or believes or has reason to know or believe that any such fact or change is unknown to any Guarantor, or might (or does) materially increase the risk of any Guarantor as guarantor, or might (or would) affect the willingness of any Guarantor to continue as a guarantor of the Guaranteed Obligations.

Financial Condition of Borrowers. Each Guarantor represents and warrants to the Lender that it such Guarantor has knowledge of the Borrowers’ ' financial condition conditions and affairs and that it has adequate means to obtain from the Borrowers on an ongoing basis information relating thereto and to the Borrowers’ ability to pay and perform the Guaranteed Obligations, represents and agrees to assume the responsibility for keeping, and to keep, that such Guarantor will keep so informed for so long as while this Guaranty is in effect with respect to such Guarantorforce. Each Guarantor agrees that the Guaranteed Parties shall Lender will have no obligation to investigate the financial condition conditions or affairs of the Borrowers for the benefit of any such Guarantor nor to advise any such Guarantor of any fact respecting, or any change in, the financial condition conditions or affairs of the Borrowers that which might become known come to any Guaranteed Party the knowledge of the Lender at any time, whether or not such Guaranteed Party the Lender knows or believes or has reason to know or believe that any such fact or change is unknown to any Guarantor, such Guarantor or might (or does) materially increase the risk of any such Guarantor as guarantor, a guarantor or might (or would) affect the willingness of any such Guarantor to continue as a guarantor of with respect to the Guaranteed Obligations.