Independent Banks Sample Clauses

Independent Banks. Each Bank acknowledges that it has decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrower and the Guarantors and agrees that the Agent shall bear no responsibility therefor.
AutoNDA by SimpleDocs
Independent Banks. 52 SECTION 8.09.
Independent Banks. 52 TABLE OF CONTENTS (CONTINUED) PAGE ----
Independent Banks. 39 SECTION 8.09 NOTICE OF TRANSFER...........................................................39 SECTION 8.10 SUCCESSOR AGENT..............................................................39 SECTION 9. GUARANTY.......................................................................................39 SECTION 9.01 GUARANTY.....................................................................39 SECTION 9.02 NO IMPAIRMENT OF GUARANTY....................................................40 SECTION 9.03 SUBROGATION..................................................................41
Independent Banks. Each Bank acknowledges that it has decided to enter into this Agreement and to make the Loans and fund the Tranche B Credit-Linked Deposit Account, as the case may be, hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrower and the Guarantors and agrees that the Agent shall bear no responsibility therefor.
Independent Banks. Each Bank acknowledges that it has, independently and without reliance upon the Agent, the Co-Agent or any other Bank and based on such documents and information as it has deemed appropriate, made its own analysis of the creditworthiness of the Borrower and the Guarantors and its own evaluation and decision to enter into this Agreement and, to the extent it so determines, to issue and participate in Letters of Credit and/or to make Loans hereunder. Each Bank also acknowledges that it will, independently and without reliance upon the Agent, the Co-Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own decisions in taking or not taking action under this Agreement and agrees that neither the Agent nor the Co-Agent shall bear responsibility therefor.
Independent Banks. 69 SECTION 8.9. Notice of Transfer.......................69 SECTION 8.10. Successor Agent..........................69 SECTION 9. GUARANTY............................................70 SECTION 9.1. Guaranty.................................70 SECTION 9.2. No Impairment of Guaranty................71 SECTION 9.3. Subrogation..............................71 SECTION 10. MISCELLANEOUS......................................72 SECTION 10.1. Notices.................................72 SECTION 10.2. Survival of Agreement, Representations and Warranties, etc...................73 SECTION 10.3. Successors and Assigns..................73 SECTION 10.4. Confidentiality.........................76 SECTION 10.5. Expenses; Documentary Taxes.............76 SECTION 10.6. Indemnity...............................77 SECTION 10.7. CHOICE OF LAW...........................78 SECTION 10.8. No Waiver...............................78 SECTION 10.9. Extension of Maturity...................78 SECTION 10.10. Amendments, etc.........................78 SECTION 10.11. Severability............................80 SECTION 10.12. Headings................................80 SECTION 10.13. Execution in Counterparts...............80 SECTION 10.14. Prior Agreements........................80 SECTION 10.15. Further Assurances......................80 SECTION 10.16.
AutoNDA by SimpleDocs

Related to Independent Banks

  • Independent Parties The Parties are not employees or legal representatives of the other Party for any purpose. Neither Party shall have the authority to enter into any contracts in the name of or on behalf of the other Party. This Agreement shall not constitute, create, or in any way be interpreted as a joint venture, partnership, or business organization of any kind.

  • Independent Managers Of the authorized number of Managers provided in Section 7.03 hereof, the Board shall at all times have at least two individuals who are Independent Managers (as defined in Section 7.16) who are acting as Managers. So long as any Securities are outstanding, this Section shall not be amended, altered or repealed without the written consent of 100% of the Board (including Independent Managers) with notice of such amendment provided promptly to each Rating Agency. To the fullest extent permitted by law, including Section 18-1101(c) of the Act, and notwithstanding any duty otherwise existing at law or in equity, the Independent Managers shall consider only the interests of the Company, including its creditors, in acting or otherwise voting on the matters referred to in Section 5.02. Except for duties to the Company as set forth in the immediately preceding sentence (including duties to the Member and the Company’s creditors solely to the extent of their respective economic interests in the Company but excluding (i) all other interests of the Member, (ii) the interests of other Affiliates of the Company, and (iii) the interests of any group of Affiliates of which the Company is a part), the Independent Managers shall not have any fiduciary duties to the Member or any other Person bound by this Agreement; provided, however, the foregoing shall not eliminate the implied contractual covenant of good faith and fair dealing. To the fullest extent permitted by law, including Section 18-1101(e) of the Act, an Independent Manager shall not be liable to the Company, the Member or any other Person bound by this Agreement for breach of contract or breach of duties (including fiduciary duties), unless the Independent Manager acted in bad faith or engaged in willful misconduct. No resignation or removal of an Independent Manager, and no appointment of a successor Independent Manager, shall be effective until such successor shall have executed a counterpart to this Agreement. In the event of a vacancy in the position of Independent Manager, the Member shall, as soon as practicable, appoint a successor Independent Manager. All right, power and authority of the Independent Managers shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this Agreement and the Independent Managers shall otherwise have no authority to bind the Company. No Independent Manager shall at any time serve as trustee in bankruptcy for any Affiliate of the Company.

  • Independent Auditors The Company shall, until at least the Termination Date, maintain as its independent auditors an accounting firm authorized to practice before the SEC.

  • Independent Manager Notwithstanding anything to the contrary in the certificate of formation or limited liability company agreement of the Depositor, the Depositor shall ensure that at least one manager of the Depositor shall be an Independent Manager.

  • Experts, Advisers and Agents The Trustee may:

  • Independent Agreements The covenants set forth in Section 9.3 above shall be construed as an agreement independent of any other provision contained in this Agreement, and the existence of any claim or cause of action, whether predicated upon this Agreement or otherwise, against the Company or any of its Affiliates shall not constitute a defense to the enforcement by the Company or any of its Affiliates of any of such covenants. The Executive acknowledges that the Company has fully performed all obligations entitling it to the benefit of the covenants set forth in Section 9.3 above, and that such covenants, therefore, are not executory or otherwise subject to rejection under the Bankruptcy Code of 1978.

  • Other Agents; Arrangers and Managers None of the Lenders or other Persons identified on the facing page or signature pages of this Agreement as a “syndication agent,” “documentation agent,” “co-agent,” “book manager,” “lead manager,” “arranger,” “lead arranger” or “co-arranger” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than, in the case of such Lenders, those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders or other Persons so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders or other Persons so identified in deciding to enter into this Agreement or in taking or not taking action hereunder.

  • Independent Agreement The covenants made in this Section 9 shall be construed as an agreement independent of any other provisions of this Agreement, and shall survive the termination of this Agreement. Moreover, the existence of any claim or cause of action of Executive against the Company or any of its affiliates, whether or not predicated upon the terms of this Agreement, shall not constitute a defense to the enforcement of these covenants.

  • Independent Appraiser A Person with no material current or prior business or personal relationship with the Advisor or the Directors and who is a qualified appraiser of Real Property of the type held by the Company or of other Assets as determined by the Board. Membership in a nationally recognized appraisal society such as the American Institute of Real Estate Appraisers or the Society of Real Estate Appraisers shall be conclusive evidence of such qualification as to Real Property.

  • Independent Auditor The Company’s independent auditor, if any, shall be an independent public accounting firm selected by the Member, which may also be the Member’s independent auditor.

Time is Money Join Law Insider Premium to draft better contracts faster.