Common use of Information Concerning Financial Condition of the Grantors and their Subsidiaries Clause in Contracts

Information Concerning Financial Condition of the Grantors and their Subsidiaries. The US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, and the Notes Collateral Agent and the Notes Claimholders, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Grantors and their Subsidiaries and all endorsers and/or guarantors of the Revolving Credit Obligations or the Notes Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Revolving Credit Obligations or the Notes Obligations. Neither the US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, nor the Notes Collateral Agent and the Notes Claimholders, on the other hand, shall have any duty to advise the other of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that the US Revolving Credit Collateral Agent or any of the Revolving Credit Claimholders, on the one hand, or the Notes Collateral Agent and the Notes Claimholders, on the other hand, undertakes at any time or from time to time to provide any such information to any of the others, it or they shall be under no obligation:

Appears in 6 contracts

Samples: Intercreditor Agreement (Edgen Group Inc.), Intercreditor Agreement (Edgen Group Inc.), Intercreditor Agreement (Edgen Group Inc.)

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Information Concerning Financial Condition of the Grantors and their Subsidiaries. The US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, and the Notes Fixed Asset Collateral Agent Agents and the Notes Fixed Asset Claimholders, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Grantors and their Subsidiaries and all endorsers and/or guarantors of the Revolving Credit Obligations or the Notes Fixed Asset Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Revolving Credit Obligations or the Notes Fixed Asset Obligations. Neither the US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, nor the Notes Fixed Asset Collateral Agent Agents and the Notes Fixed Asset Claimholders, on the other hand, shall have any duty to advise the other of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that either the US Revolving Credit Collateral Agent or any of the Revolving Credit Claimholders, on the one hand, or the Notes any Fixed Asset Collateral Agent and the Notes Fixed Asset Claimholders, on the other hand, undertakes at any time or from time to time to provide any such information to any of the others, it or they shall be under no obligation:

Appears in 6 contracts

Samples: Intercreditor Agreement (Petco Health & Wellness Company, Inc.), Intercreditor Agreement (PAE Inc), Revolving Credit Agreement (VERRA MOBILITY Corp)

Information Concerning Financial Condition of the Grantors and their Subsidiaries. The US Revolving Credit ABL Collateral Agent and the Revolving Credit ABL Claimholders, on the one hand, and the Notes Fixed Asset Collateral Agent Agents and the Notes Fixed Asset Claimholders, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Grantors and their Subsidiaries and all endorsers and/or guarantors of the Revolving Credit ABL Obligations or the Notes Fixed Asset Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Revolving Credit ABL Obligations or the Notes Fixed Asset Obligations. Neither the US Revolving Credit ABL Collateral Agent and the Revolving Credit ABL Claimholders, on the one hand, nor the Notes Fixed Asset Collateral Agent Agents and the Notes Fixed Asset Claimholders, on the other hand, shall have any duty to advise the other of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that either the US Revolving Credit ABL Collateral Agent or any of the Revolving Credit ABL Claimholders, on the one hand, or the Notes any Fixed Asset Collateral Agent and the Notes Fixed Asset Claimholders, on the other hand, undertakes at any time or from time to time to provide any such information to any of the others, it or they shall be under no obligation:

Appears in 3 contracts

Samples: Term Intercreditor Agreement (Ciena Corp), Security Agreement (Performance Sports Group Ltd.), Credit Agreement (Performance Sports Group Ltd.)

Information Concerning Financial Condition of the Grantors and their Subsidiaries. The US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, and the Notes Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Grantors and their Subsidiaries and all endorsers and/or guarantors of the Revolving Credit Obligations or the Notes Term Loan Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Revolving Credit Obligations or the Notes Term Loan Obligations. Neither the US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, nor the Notes Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, shall have any duty to advise the other of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that either the US Revolving Credit Collateral Agent or any of the Revolving Credit Claimholders, on the one hand, or the Notes Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, undertakes at any time or from time to time to provide any such information to any of the others, it or they shall be under no obligation:

Appears in 2 contracts

Samples: Intercreditor Agreement (J Crew Group Inc), Intercreditor Agreement (J Crew Group Inc)

Information Concerning Financial Condition of the Grantors and their Subsidiaries. The US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, and the Notes Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Grantors and their Subsidiaries and all endorsers and/or guarantors of the Revolving Credit Obligations or the Notes Term Loan Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Revolving Credit Obligations or the Notes Term Loan Obligations. Neither the US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, nor the Notes term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, shall have any duty to advise the other of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that either the US Revolving Credit Collateral Agent or any of the Revolving Credit Claimholders, on the one hand, or the Notes Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, undertakes at any time or from time to time to provide any such information to any of the others, it or they shall be under no obligation:

Appears in 1 contract

Samples: Credit Agreement (J Crew Group Inc)

Information Concerning Financial Condition of the Grantors and their Subsidiaries. The US Revolving Credit Collateral Agent Agents and the Revolving Credit Claimholders, on the one hand, and the Notes Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Grantors and their Subsidiaries and all endorsers and/or guarantors of the Revolving Credit Obligations or the Notes Term Loan Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Revolving Credit Obligations or the Notes Term Loan Obligations. Neither the US Revolving Credit Collateral Agent Agents and the Revolving Credit Claimholders, on the one hand, nor the Notes Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, shall have any duty to advise the other of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that the US either any Revolving Credit Collateral Agent or any of the Revolving Credit Claimholders, on the one hand, or the Notes Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, undertakes at any time or from time to time to provide any such information to any of the others, it or they shall be under no obligation:

Appears in 1 contract

Samples: Intercreditor Agreement (Edgen Murray LTD)

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Information Concerning Financial Condition of the Grantors and their Subsidiaries. The US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, and the Notes Term Loan Collateral Agent Agents and the Notes Term Loan Claimholders, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Grantors and their Subsidiaries and all endorsers and/or guarantors of the Revolving Credit Obligations or the Notes Term Loan Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Revolving Credit Obligations or the Notes Term Loan Obligations. Neither the US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, nor the Notes Term Loan Collateral Agent Agents and the Notes Term Loan Claimholders, on the other hand, shall have any duty to advise the other of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that either the US Revolving Credit Collateral Agent or any of the Revolving Credit Claimholders, on the one hand, or the Notes any Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, undertakes at any time or from time to time to provide any such information to any of the others, it or they shall be under no obligation:

Appears in 1 contract

Samples: Intercreditor Agreement (Kemet Corp)

Information Concerning Financial Condition of the Grantors and their Subsidiaries. The US Revolving Credit Facility Collateral Agent and the Revolving Credit Claimholders, on the one hand, and the Notes Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Grantors and their Subsidiaries and all endorsers and/or guarantors of the Revolving Credit Obligations or the Notes Term Loan Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Revolving Credit Obligations or the Notes Term Loan Obligations. Neither the US Revolving Credit Facility Collateral Agent and the Revolving Credit Claimholders, on the one hand, nor the Notes Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, shall have any duty to advise the other of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that either the US Revolving Credit Facility Collateral Agent or any of the Revolving Credit Claimholders, on the one hand, or the Notes Term Loan Collateral Agent and the Notes Term Loan Claimholders, on the other hand, undertakes at any time or from time to time to provide any such information to any of the others, it or they shall be under no obligation:

Appears in 1 contract

Samples: Intercreditor Agreement (Solutia Inc)

Information Concerning Financial Condition of the Grantors and their Subsidiaries. The US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, and the Notes Second Lien Term Loan Collateral Agent and the Notes Second Lien Term Loan Claimholders, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Grantors and their Subsidiaries and all endorsers and/or guarantors of the Revolving Credit Obligations or the Notes Second Lien Term Loan Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Revolving Credit Obligations or the Notes Second Lien Term Loan Obligations. Neither the US Revolving Credit Collateral Agent and the Revolving Credit Claimholders, on the one hand, nor the Notes Second Lien Term Loan Collateral Agent and the Notes Second Lien Term Loan Claimholders, on the other hand, shall have any duty to advise the other of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that either the US Revolving Credit Collateral Agent or any of the Revolving Credit Claimholders, on the one hand, or the Notes Second Lien Term Loan Collateral Agent and the Notes Second Lien Term Loan Claimholders, on the other hand, undertakes at any time or from time to time to provide any such information to any of the others, it or they shall be under no obligation:

Appears in 1 contract

Samples: Intercreditor Agreement (Dura Automotive Systems Inc)

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