Common use of Independent Credit Investigations Clause in Contracts

Independent Credit Investigations. Neither the Receivables Purchasers, the Administrative Agent, the Receivables Collateral Agent, the Banks' Agent nor the Banks nor any of their respective directors, officers, agents or employees shall be responsible to the other or to any other person, firm or corporation for the solvency, financial condition or ability of the Originator, the Receivables Seller or the Borrower to repay the Receivables Claim or the Bank Claim, or for the worth of the Receivables Program Assets or the Bank Collateral, or for statements of the Originator, the Receivables Seller or the Borrower, oral or written, or for the validity, sufficiency or enforceability of the Receivables Claim, the Bank Claim, the Receivables Documents, the Loan Documents, the Receivables Collateral Agent's interest in the Receivables Program Assets or the Banks' or Banks' Agent's interest in the Bank Collateral. The Banks and the Receivables Purchasers have entered into their respective agreements with the Originator, the Receivables Seller or the Borrower, as applicable, based upon their own independent investigations. None of the Banks, the Administrative Agent or the Receivables Purchasers makes any warranty or representation to the other nor does it rely upon any representation of the other with respect to matters identified or referred to in this Section 2.10.

Appears in 3 contracts

Samples: Credit Agreement (Avondale Inc), Intercreditor Agreement (Avondale Inc), Intercreditor Agreement (Avondale Inc)

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Independent Credit Investigations. Neither the Receivables Purchasers, the Administrative Receivables Agent, the Receivables Collateral Agent, the Banks' Lenders Agent nor the Banks Lenders nor any of their respective directors, officers, agents or employees shall be responsible to the other or to any other person, firm firm, corporation or corporation entity for the solvency, financial condition or ability of the OriginatorWESCO, any other Originator or the Receivables Seller or the Borrower to repay the Receivables Claim or the Bank Lenders Claim, or for the worth of the Receivables Program Assets or the Bank Lenders Collateral, or for statements of the WESCO, any other Originator, the Receivables Seller or the BorrowerLoan Parties, oral or written, or for the validity, sufficiency or enforceability of the Receivables Claim, the Bank Lenders Claim, the Receivables Documents, the Loan Documents, the Receivables Collateral Agent's ’s interest in the Receivables Program Assets or the Banks' Lenders’ or Banks' Lenders Agent's ’s interest in the Bank Lenders Collateral. The Banks Lenders and the Receivables Purchasers have entered into their respective agreements with WESCO, the OriginatorOriginators, the Receivables Seller or the BorrowerLoan Parties, as applicable, based upon their own independent investigations. None of the BanksLenders, the Administrative Receivables Agent or the Receivables Purchasers makes any warranty or representation to the other nor does it rely upon any representation of the other with respect to matters identified or referred to in this Section 2.10.

Appears in 2 contracts

Samples: Credit Agreement (Wesco International Inc), Receivables Purchase Agreement (Wesco International Inc)

Independent Credit Investigations. Neither the Receivables Purchasers, the Administrative Receivables Agent, the Receivables Collateral Agent, the Banks' Agent Lenders Agents nor the Banks Lenders nor any of their respective directors, officers, agents or employees shall be responsible to the other or to any other person, firm firm, corporation or corporation entity for the solvency, financial condition or ability of the OriginatorWESCO, any other Originator or the Receivables Seller or the Borrower to repay the Receivables Claim or the Bank ClaimLenders Claims, or for the worth of the Receivables Program Assets or the Bank Lenders Collateral, or for statements of the WESCO, any other Originator, the Receivables Seller or the BorrowerLoan Parties, oral or written, or for the validity, sufficiency or enforceability of the Receivables Claim, the Bank ClaimLenders Claims, the Receivables Documents, the Loan Documents, the Receivables Collateral Agent's ’s interest in the Receivables Program Assets or the Banks' Lenders’ or Banks' Agent's interest Lenders Agents’ respective interests in the Bank Lenders Collateral. The Banks Lenders and the Receivables Purchasers have entered into their respective agreements with WESCO, the OriginatorOriginators, the Receivables Seller or the BorrowerLoan Parties, as applicable, based upon their own independent investigations. None of the BanksLenders, the Administrative Receivables Agent or the Receivables Purchasers makes any warranty or representation to the other nor does it rely upon any representation of the other with respect to matters identified or referred to in this Section 2.10.

Appears in 2 contracts

Samples: Credit Agreement (Wesco International Inc), Receivables Purchase Agreement (Wesco International Inc)

Independent Credit Investigations. Neither the Receivables Purchasers, the Administrative AgentAdministrator, the Receivables Collateral Agent, the Banks' Lender Agent nor the Banks Lenders, nor any of their respective directors, officers, agents or employees employees, shall be responsible to the other or to any other person, firm or corporation Person for the solvency, financial condition or ability of the Originator, the Receivables Seller Cxxxxx Tire or the Borrower Transferor to repay the Receivables Claim or the Bank Lender Claim, or for the worth of the Receivables Program Assets or the Bank Lender Collateral, or for statements of the Originator, the Receivables Seller Cxxxxx Tire or the BorrowerTransferor, oral or written, or for the validity, sufficiency or enforceability of the Receivables Claim, the Bank Lender Claim, the Receivables Documents, the Loan Documents, the Administrator’s or any Receivables Collateral Agent's Purchaser’s interest in the Receivables Program Assets or the Banks' Lenders’ or Banks' the Lender Agent's ’s interest in the Bank Lender Collateral. The Banks Lenders and the Receivables Purchasers have entered into their respective agreements with the Originator, the Receivables Seller Cxxxxx Tire or the BorrowerTransferor, as applicable, based upon their own independent investigations. None of the BanksLender Agent, the Administrative Agent Lenders, the Administrator or the Receivables Purchasers makes any warranty or representation to the other nor does it rely upon any representation of the other with respect to matters identified or referred to in this Section 2.10.

Appears in 1 contract

Samples: Intercreditor Agreement (Cooper Tire & Rubber Co)

Independent Credit Investigations. Neither the Receivables Purchasers, the Administrative Agent, the Receivables Collateral Agent, the Banks' Lender Agent nor the Banks Lenders nor any of their respective directors, officers, agents or employees shall be responsible to the other or to any other personPerson, firm or corporation for the solvency, financial condition or ability of the OriginatorUSS, the Receivables Seller any other Originator or the Borrower Transferor to repay the Receivables Claim or the Bank Lender Claim, or for the worth of the Receivables Program Assets or the Bank Lender Collateral, or for statements of the USS, any other Originator, the Receivables Seller Transferor or the Borrower, oral or written, or for the validity, sufficiency or enforceability of the Receivables Claim, the Bank Lender Claim, the Receivables Documents, the Loan Documents, the Receivables Collateral Agent's ’s interest in the Receivables Program Assets or the Banks' Lenders’ or Banks' Lender Agent's ’s interest in the Bank Lender Collateral. The Banks Lenders and the Receivables Purchasers have entered into their respective agreements with the OriginatorUSS, the Receivables Seller Transferor or the Borrower, as applicable, based upon their own independent investigations. None of the BanksLenders, the Administrative Receivables Collateral Agent or the Receivables Purchasers makes any warranty or representation to the other nor does it rely upon any representation of the other with respect to matters identified or referred to in this Section 2.10.

Appears in 1 contract

Samples: Intercreditor Agreement (United States Steel Corp)

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Independent Credit Investigations. Neither the Receivables Purchasers, the Administrative Agent, the Receivables Collateral Agent, the Banks' Lender Agent nor the Banks Lenders nor any of their respective directors, officers, agents or employees shall be responsible to the other or to any other person, firm or corporation for the solvency, financial condition or ability of the OriginatorUSS, the Receivables Seller any other Originator or the Borrower Transferor to repay the Receivables Claim or the Bank Lender Claim, or for the worth of the Receivables Program Assets or the Bank Lender Collateral, or for statements of the USS, any other Originator, the Receivables Seller Transferor or the Borrower, oral or written, or for the validity, sufficiency or enforceability of the Receivables Claim, the Bank Lender Claim, the Receivables Documents, the Loan Documents, the Receivables Collateral Agent's interest in the Receivables Program Assets or the BanksLenders' or Banks' Lender Agent's interest in the Bank Lender Collateral. The Banks Lenders and the Receivables Purchasers have entered into their respective agreements with the OriginatorUSS, the Receivables Seller Transferor or the Borrower, as applicable, based upon their own independent investigations. None of the BanksLenders, the Administrative Receivables Collateral Agent or the Receivables Purchasers makes any warranty or representation to the other nor does it rely upon any representation of the other with respect to matters identified or referred to in this Section 2.10.

Appears in 1 contract

Samples: Intercreditor Agreement (United States Steel Corp)

Independent Credit Investigations. Neither the Receivables --------------------------------- Purchasers, the Administrative Agent, the Receivables Collateral Agent, the Banks' Lender Agent nor the Banks Lenders nor any of their respective directors, officers, agents or employees shall be responsible to the other or to any other person, firm or corporation for the solvency, financial condition or ability of the OriginatorUSS, the Receivables Seller any other Originator or the Borrower Transferor to repay the Receivables Claim or the Bank Lender Claim, or for the worth of the Receivables Program Assets or the Bank Lender Collateral, or for statements of the USS, any other Originator, the Receivables Seller Transferor or the Borrower, oral or written, or for the validity, sufficiency or enforceability of the Receivables Claim, the Bank Lender Claim, the Receivables Documents, the Loan Documents, the Receivables Collateral Agent's interest in the Receivables Program Assets or the BanksLenders' or Banks' Lender Agent's interest in the Bank Lender Collateral. The Banks Lenders and the Receivables Purchasers have entered into their respective agreements with the OriginatorUSS, the Receivables Seller Transferor or the Borrower, as applicable, based upon their own independent investigations. None of the BanksLenders, the Administrative Receivables Collateral Agent or the Receivables Purchasers makes any warranty or representation to the other nor does it rely upon any representation of the other with respect to matters identified or referred to in this Section 2.10.. ------------

Appears in 1 contract

Samples: Intercreditor Agreement (United States Steel Corp)

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