Common use of Independent Investigation and Credit Decision by Banks Clause in Contracts

Independent Investigation and Credit Decision by Banks. Each Bank acknowledges and agrees that it has decided to enter into this Agreement and to make extensions of credit hereunder based on its own analysis of (i) the transactions contemplated hereby, (ii) the creditworthiness of Borrower and the other Companies, (iii) this Agreement and the other Loan Papers and (iv) the business, legal and other issues relating thereto, and further acknowledges and agrees that Administrative Agent and Collateral Agent shall bear no responsibility therefor. Each Bank acknowledges and agrees that it will, independently and without reliance upon Administrative Agent or Collateral Agent or any other Bank, continue to make its own credit decisions and other decisions regarding the taking or not taking of any action under this Agreement or the other Loan Papers.

Independent Investigation and Credit Decision by Banks. Each Bank acknowledges and agrees that it has decided to enter into this Agreement and to make extensions of credit hereunder based on its own analysis of (i) the transactions contemplated hereby, (ii) the creditworthiness of Borrower and the other Companies, (iii) this Agreement and the other Loan Papers and (iv) the business, legal and other issues relating thereto, and further acknowledges and agrees that Administrative Agent and Collateral Agent shall bear no responsibility therefor. Each Bank acknowledges and agrees that it will, independently and without reliance upon Administrative Agent or Collateral Agent or any other Bank, continue to make its own credit decisions and other decisions regarding the taking or not taking of any action under this Agreement or the other Loan Papers.