Common use of Independent Lenders Clause in Contracts

Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers and agrees that the Administrative Agent shall bear no responsibility therefor.

Appears in 7 contracts

Samples: Revolving Credit and Guaranty Agreement (Federal Mogul Corp), Credit and Guaranty Agreement (Federal Mogul Corp), Revolving Credit Agreement (Interstate Bakeries Corp/De/)

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Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers Borrower and the Guarantors and agrees that the Administrative Agent shall bear no responsibility therefor.

Appears in 7 contracts

Samples: Credit and Guaranty Agreement (Danielson Holding Corp), Credit and Guaranty Agreement (Polymer Group Inc), Credit and Guaranty Agreement (McLeodusa Inc)

Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers Loan Parties and agrees that the Administrative Agent Agents shall bear no responsibility therefor.

Appears in 4 contracts

Samples: Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Smurfit Stone Container Corp)

Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers Borrower and agrees that the Administrative Agent shall bear no responsibility therefor.

Appears in 2 contracts

Samples: Credit Agreement (Federal Mogul Corp), Term Loan and Revolving Credit Agreement (Federal-Mogul Corp)

Independent Lenders. Each Lender acknowledges that it has ------------------- decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers Parent and agrees that the Administrative Agent shall bear no responsibility therefor.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Bethlehem Steel Corp /De/), Credit and Guaranty Agreement (Bethlehem Steel Corp /De/)

Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers Borrower and agrees that the Administrative Agent shall bear no responsibility therefor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Payless Cashways Inc)

Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans and its Commitment, and its agreement to purchase Participations, hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers and agrees that the Administrative Agent Agents shall bear no responsibility therefor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sun Healthcare Group Inc)

Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers Borrower and agrees that the no Administrative Agent shall bear no responsibility therefor.

Appears in 1 contract

Samples: Agreement (Federal-Mogul Holdings Corp)

Independent Lenders. Each Lender acknowledges that it has ------------------- decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers and agrees that the Administrative Agent shall bear no responsibility therefor.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Federal Mogul Corp)

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Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers and the Guarantors and agrees that the Administrative Agent shall bear no responsibility therefor.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Kaiser Aluminum & Chemical Corp)

Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers and the Guarantor and agrees that the Administrative Agent shall bear no responsibility therefor.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Usg Corp)

Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers Borrower, Holdings and their respective Subsidiaries and agrees that the Administrative Agent shall bear no responsibility therefor.

Appears in 1 contract

Samples: Revolving Credit Agreement (Viasystems Group Inc)

Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans extensions of credit hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers and their respective Subsidiaries and agrees that the Administrative Agent shall bear no responsibility therefor.

Appears in 1 contract

Samples: Credit, Guarantee and Security Agreement (Gentek Inc)

Independent Lenders. Each Lender acknowledges that it has decided to enter into this Agreement and to make the Loans Advances hereunder based on its own analysis of the transactions contemplated hereby and of the creditworthiness of the Borrowers and agrees that the Administrative Agent shall bear no responsibility therefor.

Appears in 1 contract

Samples: Dip Credit Agreement

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