Common use of Financial Condition of Parent Issuer Clause in Contracts

Financial Condition of Parent Issuer. No Beneficiary shall have any obligation, and each Guarantor waives any duty on the part of any Beneficiary, to disclose or discuss with such Guarantor its assessment, or such Guarantor’s assessment, of the financial condition of Parent Issuer or any matter or fact relating to the business, operations or condition of Parent Issuer. Each Guarantor has adequate means to obtain information from Parent Issuer on a continuing basis concerning the financial condition of Parent Issuer and its ability to perform its obligations under the Note Documents, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of Parent Issuer and of all circumstances bearing upon the risk of nonpayment of the Guarantied Obligations.

Financial Condition of Parent Issuer. No Beneficiary shall have any obligation, and each Guarantor waives any duty on the part of any Beneficiary, to disclose or discuss with such Guarantor its assessment, or such Guarantor’s Guarantors assessment, of the financial condition of Parent Issuer or any matter or fact relating to the business, operations or condition of Parent Issuer. Each Guarantor has adequate means to obtain information from Parent Issuer on a continuing basis concerning the financial condition of Parent Issuer and its ability to perform its obligations under the Note Documents, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of Parent Issuer and of all circumstances bearing upon the risk of nonpayment of the Guarantied Obligations.