Common use of Inducement and Reliance Clause in Contracts

Inducement and Reliance. I understand that my execution of this Texas Home Equity Affidavit and Agreement is made to induce Xxxxxx and its successors and assigns to make or purchase the Extension of Credit, and that Lender and its assigns will rely on it as additional consideration for making or purchasing the Extension of Credit. I also understand that each of the statements made in the Representations and Warranties Section is material and will be acted upon by the Lender and its assigns, and that if such statement is false or made without knowledge of the truth, the Lender and its assigns will suffer injury.