Common use of Independent Banks Clause in Contracts

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.

Appears in 11 contracts

Samples: Credit and Guaranty Agreement (Alliance Entertainment Corp), Credit and Guaranty Agreement (Kmart Corp), Credit and Guaranty Agreement (Brunos Inc)

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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.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Mariner Post Acute Network Inc), Credit and Guaranty Agreement (Galey & Lord Inc), Credit and Guaranty Agreement (Brunos Inc)

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.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Armstrong World Industries Inc)

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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 Borrowers and agrees that the Agent shall bear no responsibility therefor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Systemax Inc)

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