Common use of Independent Credit Investigations Clause in Contracts

Independent Credit Investigations. Neither Creditor, nor any of such Creditor’s respective directors, officers, agents, employees, successors or assigns, shall be responsible to the other or to any other Person for any Obligor’s financial condition (including solvency or ability to repay any of the Subordinated Debt or any of the Senior Debt); statements of any Obligor, oral or written; the validity, sufficiency or enforceability of any of the Subordinate Creditor Documents or any of the Senior Creditor Documents; or the validity, perfection or priority of any Liens granted by any Obligor to either Party in connection with any of the Subordinate Creditor Documents or any of the Senior Creditor Documents. Each Creditor has entered into its agreements with each Obligor based upon its own independent investigation, and makes no 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.

Appears in 2 contracts

Samples: Debt and Lien Subordination Agreement (SharedLabs, Inc), Debt and Lien Subordination Agreement (SharedLabs, Inc)

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Independent Credit Investigations. Neither Creditor, nor any of such Creditor’s 's respective directors, officers, agents, employees, successors or assigns, ,shall be responsible to the other or to any other Person for any Obligor’s 's financial condition (including solvency or ability to repay any of the Subordinated Debt or any of the Senior Debt); statements of any Obligor, oral or written; the validity, sufficiency or enforceability of any of the Subordinate Creditor Documents or any of the Senior Creditor Documents; or the validity, perfection or priority of any Liens granted by any Obligor to either Party in connection with any of the Subordinate Creditor Documents or any of the Senior Creditor Documents. Each Creditor has entered into its agreements with each Obligor based upon its own independent investigation, and makes no 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.

Appears in 1 contract

Samples: Debt and Lien Subordination Agreement (Noble Romans Inc)

Independent Credit Investigations. Neither Creditor, None of the parties hereto nor any of such Creditor’s their respective directors, officers, agents, employees, successors or assigns, assigns shall be responsible to the other others or to any other Person for any Obligor’s Debtor's solvency, financial condition (including solvency or ability to repay any of the Subordinated Debt Subordinate Creditor Obligations or any of the Senior Debt); Creditor Obligations, or for statements of any ObligorDebtor, oral or written; , or for the validity, sufficiency or enforceability of any of the Subordinate Creditor Documents or any of the Senior Creditor Documents; , or the validity, perfection validity or priority of any Liens granted by any Obligor Debtor to either Party party in connection with any of the Subordinate Creditor Documents or any of the Senior Creditor Documents. Each Creditor party hereto has entered into its agreements with each Obligor Debtor based upon its own independent investigation, and makes no warranty or representation to the other party nor does it rely upon any representation of the other party with respect to matters identified or referred to in this Section.

Appears in 1 contract

Samples: Subordination Agreement (Advanced Environmental Recycling Technologies Inc)

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Independent Credit Investigations. Neither Creditor, None of the parties hereto nor any of such Creditor’s their respective directors, officers, agents, employees, successors or assigns, assigns shall be responsible to the other others or to any other Person for any ObligorBorrower’s solvency, financial condition (including solvency or ability to repay any of the Subordinated Debt Trade Obligations or any of the Senior Debt); Obligations, or for statements of any ObligorBorrower, oral or written; , or for the validity, sufficiency or enforceability of any of the Subordinate Trade Creditor Documents or any of the Senior Creditor Documents; , or the validity, perfection validity or priority of any Liens liens or security interests granted by any Obligor Borrower to either Party party in connection with any of the Subordinate Trade Creditor Documents or any of the Senior Creditor Documents. Each Creditor party hereto has entered into its agreements with each Obligor Borrowers based upon its own independent investigation, and makes no warranty or representation to the other party nor does it rely upon any representation of the other party with respect to matters identified or referred to in this Sectionparagraph.

Appears in 1 contract

Samples: Loan and Security Agreement (Texas Market Tire, Inc.)

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