Common use of Information as to Secured Obligations and Actions by Secured Parties Clause in Contracts

Information as to Secured Obligations and Actions by Secured Parties. For all purposes of the Security Documents, including determining the amounts of the Secured Obligations and whether a Secured Obligation is a Contingent Secured Obligation or not, or whether any action has been taken under any Secured Agreement, the Agent will be entitled to rely on information from (i) its own records for information as to the Lenders, the Issuing Lender, their Secured Obligations and actions taken by them, (ii) any Secured Party for information as to its Secured Obligations and actions taken by it, to the extent that the Agent has not obtained such information from its own records, and (iii) the Borrower, to the extent that the Agent has not obtained information from the foregoing sources.

Appears in 6 contracts

Samples: Term Loan Security Agreement (Tower International, Inc.), Revolving Credit Security Agreement (Tower International, Inc.), Revolving Credit Security Agreement (Tower International, Inc.)

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Information as to Secured Obligations and Actions by Secured Parties. For all purposes of the Security Credit Documents, including determining the amounts of the Secured Obligations and whether a Secured Obligation is a Contingent Secured Obligation or not, or whether any action has been taken under any Secured AgreementCollateral Document, the Administrative Agent will be entitled to rely on information from (i) its own records for information as to the Lenders, the Issuing LenderSecured Parties, their Secured Obligations and actions taken by them, (ii) any Secured Party for information as to its Secured Obligations and actions taken by it, to the extent that the Administrative Agent has not obtained such information from its own records, and (iii) the Borrower, to the extent that the Administrative Agent has not obtained information from the foregoing sources.

Appears in 6 contracts

Samples: Security Agreement (FS Global Credit Opportunities Fund-A), Security Agreement (American Capital, LTD), Security Agreement (FS Investment Corp II)

Information as to Secured Obligations and Actions by Secured Parties. For all purposes of the Security Documents, including determining the amounts of the Secured Obligations and whether a Secured Obligation is a Contingent Secured Obligation or not, or whether any action has been taken under any Secured Agreement, the Administrative Agent will be entitled to rely on information from (i) its own records for information as to the Lenders, the Issuing LenderCredit Parties, their Secured Obligations and actions taken by them, (ii) any Secured Party for information as to its Secured Obligations and actions taken by it, to the extent that the Administrative Agent has not obtained such information from its own records, and (iii) the Borrower, to the extent that the Administrative Agent has not obtained information from the foregoing sources.

Appears in 4 contracts

Samples: Credit Agreement (Energizer Holdings, Inc.), Guarantee and Collateral Agreement (Inovalon Holdings, Inc.), Credit Agreement (Energizer Holdings Inc)

Information as to Secured Obligations and Actions by Secured Parties. For all purposes of the Security Collateral Documents, including determining the amounts of the Secured Obligations and whether a Secured Obligation is a Contingent Secured Obligation or not, or whether any action has been taken under any Secured Agreement, the Administrative Agent will be entitled to rely on information from (i) its own records for information as to the Lenders, the Issuing LenderLender Parties, their Secured Obligations and actions taken by them, (ii) any Secured Party for information as to its Secured Obligations and actions taken by it, to the extent that the Administrative Agent has not obtained such information from its own records, and (iii) the BorrowerBorrowers, to the extent that the Administrative Agent has not obtained information from the foregoing sources.

Appears in 2 contracts

Samples: Security Agreement (Equistar Chemicals Lp), Security Agreement (Lyondell Chemical Co)

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Information as to Secured Obligations and Actions by Secured Parties. For all purposes of the Security Collateral Documents, including determining the amounts of the Secured Obligations and whether a Secured Obligation is a Contingent Secured Obligation or not, or whether any action has been taken under any Secured Agreement, the Administrative Agent will be entitled to rely on information from (i) its own records for information as to the Lenders, the Issuing Lender, their Secured Obligations and actions taken by them, (ii) any Secured Party for information as to its Secured Obligations and actions taken by it, to the extent that the Administrative Agent has not obtained such information from its own records, and (iii) the Borroweriii)the Borrowers, to the extent that the Administrative Agent has not obtained information from the foregoing sources.

Appears in 1 contract

Samples: Security Agreement (Lyondell Chemical Co)

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