Common use of Independent Credit Decision Clause in Contracts

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the 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 credit and legal decisions in taking or not taking action under the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Marcus Corp), Credit Agreement (Marcus Corp)

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Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 7.1 of the Credit Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the 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 credit and legal decisions in taking or not taking action under the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Vlsi Technology Inc), Credit Agreement (U S Timberlands Co Lp)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Loan Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 6.2 of the Credit Loan Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Loan Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Gantos Inc), Agency Agreement (Franks Nursery & Crafts Inc)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 7.01 of the Credit Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the 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 credit and legal decisions in taking or not taking action under the Credit Agreement.

Appears in 2 contracts

Samples: Security Agreement (California Microwave Inc), Multicurrency Credit Agreement (Payless Shoesource Inc)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Loan Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 6.3 of the Credit Loan Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Loan Agreement.

Appears in 2 contracts

Samples: Letter of Credit Agreement (Childrens Place Retail Stores Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit AgreementCompany and its Subsidiaries, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Owens Corning)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Loan and Security Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit AgreementBorrowers, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Loan and Security Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Finance Co)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Loan and Security Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit AgreementBorrower and Guarantors, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Loan and Security Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Eddie Bauer Holdings, Inc.)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Loan and Security Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit AgreementBorrower, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Loan and Security Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (LDM Technologies Inc)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Loan Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit AgreementBorrowers, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; Acceptance and (b) agrees that it will, independently and without reliance upon the Assignor, the any Agent or any other Bank Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (BlueLinx Holdings Inc.)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Loan Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 6.1 of the Credit Loan ----------- Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Administrative 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 credit and legal decisions in taking or not taking action under the Credit Loan Agreement and the Co-Lender Agreement.

Appears in 1 contract

Samples: Credit Loan Agreement (Catellus Development Corp)

Independent Credit Decision. The Assignee Assignee: (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 12 of the Credit Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the AssignorAssignors, the 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 credit and legal decisions in taking or not taking action under the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Loan Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit AgreementBorrowers and Guarantors, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Loan Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Technical Systems Inc /Ca/)

Independent Credit Decision. The Assignee (a) acknowledges that it has --------------------------- received a copy of the Credit Loan Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 12 of the Credit Loan Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the 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 credit and legal decisions in taking or not taking action under the Credit Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (Gothic Energy Corp)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 6.02 of the Credit Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the 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 credit and legal decisions in taking or not taking action under the Credit AgreementAgreement.5.

Appears in 1 contract

Samples: Revolving Credit Agreement (Compaq Computer Corp)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Loan Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred of Parent and its Subsidiaries delivered pursuant to in Section 6.l the terms of the Credit Loan Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; Acceptance and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Delco Remy International Inc)

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Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Loan Agreement and the Schedules Schedule and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit AgreementBorrower, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (GTY Technology Holdings Inc.)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 6.1 of the Credit Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and AcceptanceAssumption; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Alleghany Corp /De)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit and Security Agreement and the Annexes, Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit AgreementBorrowers, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit and Security Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (PSS World Medical Inc)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 8.09 of the Credit Agreement, and such other documents and ------------ information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and AcceptanceAgreement; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent Agent, or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Loan Agreement and the Schedules and Exhibits theretoto the Loan Agreement, together with copies of the most recent financial statements referred to in Section 6.l 4.01 of the Credit Loan Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and AcceptanceAgreement; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent Administrative Agent, the Arranger or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Loan Agreement.

Appears in 1 contract

Samples: Subordinated Term Loan Agreement (Wellpoint Health Networks Inc /Ca/)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Term Loan and Security Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit AgreementBorrower, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Term Loan and Security Agreement.

Appears in 1 contract

Samples: Term Loan and Security Agreement (LDM Technologies Inc)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 7.09 of the Credit ------------ Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and AcceptanceAgreement; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent Agent, or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit AgreementBorrowers and Guarantors, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Johnstone Tank Trucking Ltd.)

Independent Credit Decision. The Each Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l 10.1 of the Credit Agreement, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent Agents or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement.

Appears in 1 contract

Samples: Master Assignment and Acceptance Agreement (Dura Automotive Systems Inc)

Independent Credit Decision. The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements referred to in Section 6.l of the Credit AgreementParent and its Consolidated Subsidiaries, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Bank Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Acme Metals Inc /De/)

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