Common use of Independent Credit Evaluation Clause in Contracts

Independent Credit Evaluation. Each Guarantor has independently, and without reliance on any information supplied by the Guaranteed Parties, taken, and will continue to take, whatever steps it deems necessary to evaluate the financial condition and affairs of the Borrower, and the Guaranteed Parties shall have no duty to advise any Guarantor of information at any time known to them regarding such financial condition or affairs.

Appears in 3 contracts

Samples: Credit Agreement (Garden State Newspapers Inc), Credit Agreement (Garden State Newspapers Inc), Credit Agreement (Garden State Newspapers Inc)

AutoNDA by SimpleDocs

Independent Credit Evaluation. Each Guarantor has independently, and without reliance on any information supplied by the Guaranteed Guarantied Parties, taken, and will continue to take, whatever steps it such Guarantor deems necessary to evaluate the financial condition and affairs of the Borrower, Borrowers and the Guaranteed Parties shall have no each other Guarantor. No Guarantied Party has any duty to advise any Guarantor of information at any time known to them it regarding such the financial condition or affairsaffairs of any Borrower or any other Guarantor.

Appears in 3 contracts

Samples: Master Guaranty (Insituform Technologies Inc), Master Guaranty (Insituform Technologies Inc), Credit Agreement (Insituform Technologies Inc)

AutoNDA by SimpleDocs

Independent Credit Evaluation. Each The Guarantor has independently, and without reliance on any information supplied by the Guaranteed Parties, taken, and will continue to take, whatever steps it deems necessary to evaluate the financial condition and affairs of the Borrower, and the Guaranteed Parties shall have no duty to advise any the Guarantor of information at any time known to them regarding such financial condition or affairs.

Appears in 1 contract

Samples: Credit Agreement (Lin Television Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!