Common use of Financial Condition of Company Clause in Contracts

Financial Condition of Company. The Loans may be made to Company or continued from time to time without notice to or authorization from any Guarantor regardless of the financial or other condition of Company at the time of any such grant or continuation is entered into, as the case may be. No Beneficiary shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of Company. Each Guarantor has adequate means to obtain information from Company on a continuing basis concerning the financial condition of Company 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 Company and of all circumstances bearing upon the risk of non-payment of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Beneficiary to disclose any matter, fact or thing relating to the business, operations or conditions of Company now known or hereafter known by any Beneficiary.

Appears in 1 contract

Samples: Financing Agreement (Model N, Inc.)

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Financial Condition of Company. The Loans Any extensions of credit may be made granted to Company or continued from time to time without notice to or authorization from any Guarantor regardless of the financial or other condition of Company at the time of any such grant or continuation is entered into, as the case may becontinuation. No Beneficiary Lenders and Agent shall have any no obligation to disclose or discuss with any Guarantor its their assessment, or any Guarantor’s 's assessment, of the financial condition of Company. Each Guarantor has adequate means to obtain information from Company on a continuing basis concerning the financial condition of Company 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 Company and of all circumstances bearing upon the risk of non-payment nonpayment of the Guaranteed Guarantied Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of Agent or any Beneficiary Lender to disclose any matter, fact or thing relating to the business, operations or conditions of Company now known or hereafter known by Agent or any Beneficiary.Lender. 2.12

Appears in 1 contract

Samples: Security Agreement (Smith Corona Corp)

Financial Condition of Company. The Any Loans may be made granted to Company ------------------------------ or continued from time to time without notice to or authorization from any Guarantor regardless of the financial or other condition of Company at the time of any such grant or continuation is entered into, as the case may becontinuation. No Beneficiary Agent and Banks shall have any no obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s 's assessment, of the financial condition of Company. Each Guarantor has adequate means to obtain information from Company on a continuing basis concerning the financial condition of Company and its ability to perform its obligations under the Loan DocumentsCredit Agreement, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of Company and of all circumstances bearing upon the risk of non-payment nonpayment of the Guaranteed Guarantied Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of Agent or any Beneficiary Bank to disclose any matter, fact or thing relating to the business, operations or conditions of Company now known or hereafter known by Agent or any BeneficiaryBank.

Appears in 1 contract

Samples: Pledge Agreement (Cb Richard Ellis Services Inc)

Financial Condition of Company. The Any Loans may be made granted or Letters of Credit issued to Company or continued from time to time without notice to or authorization from any Guarantor regardless of the financial or other condition of Company at the time of any such grant or continuation is entered into, as the case may becontinuation. No Beneficiary Lenders and Administrative Agent shall have any no obligation to disclose or discuss with any Guarantor its their assessment, or any Guarantor’s 's assessment, of the financial condition of Company. Each Guarantor has adequate means to obtain information from Company on a continuing basis concerning the financial condition of Company 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 Company and of all circumstances bearing upon the risk of non-payment nonpayment of the Guaranteed Guarantied Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of Administrative Agent or any Beneficiary Lender to disclose any matter, fact or thing relating to the business, operations or conditions of Company now known or hereafter known by Administrative Agent or any BeneficiaryLender.

Appears in 1 contract

Samples: Players International Inc /Nv/

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Financial Condition of Company. The Any Loans may be made granted to Company or continued from time to time may be entered into from time to time, in each case without notice to or authorization from any Guarantor regardless of the financial or other condition of Company at the time of any such grant or continuation is entered into, as the case may becontinuation. No Beneficiary shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s 's assessment, of the financial condition of Company. Each Guarantor has adequate means to obtain information from Company on a continuing basis concerning the financial condition of Company 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 Company and of all circumstances bearing upon the risk of non-payment nonpayment of the Guaranteed Guarantied Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Beneficiary to disclose any matter, fact or thing relating to the business, operations or conditions of Company now known or hereafter known by any Beneficiary.

Appears in 1 contract

Samples: Subsidiary Guaranty (Zilog Inc)

Financial Condition of Company. The Any Loans may be made granted to ------------------------------ Company or continued from time to time without notice to or authorization from any Guarantor regardless of the financial or other condition of Company at the time of any such grant or continuation is entered into, as the case may becontinuation. No Beneficiary Agent and Banks shall have any no obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s 's assessment, of the financial condition of Company. Each Guarantor has adequate means to obtain information from Company on a continuing basis concerning the financial condition of Company and its ability to perform its obligations under the Loan DocumentsCredit Agreement, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of Company and of all circumstances bearing upon the risk of non-payment nonpayment of the Guaranteed Guarantied Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of Agent or any Beneficiary Bank to disclose any matter, fact or thing relating to the business, operations or conditions of Company now known or hereafter known by Agent or any BeneficiaryBank.

Appears in 1 contract

Samples: Pledge Agreement (Cb Commercial Real Estate Services Group Inc)

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