Common use of Information Concerning Financial Condition Clause in Contracts

Information Concerning Financial Condition. Each of Second Lien Agent and each Second Lien Lender hereby assumes responsibility for keeping itself informed of the financial condition of Obligors and of all other circumstances bearing upon the risk of nonpayment of the Second Lien Indebtedness, and agrees that First Lien Agent, First Lien Co-Agent and the First Lien Lenders have and shall have no duty to advise Second Lien Agent or any Second Lien Lender of information known to First Lien Agent, First Lien Co-Agent or any First Lien Lender regarding such condition or any such circumstances. In the event First Lien Agent, First Lien Co-Agent or any First Lien Lender, in their sole discretion, undertake, at any time or from time to time, to provide any such information to Second Lien Agent or the Second Lien Lenders, none of First Lien Agent, First Lien Co-Agent or the First Lien Lenders shall be under any obligation (i) to provide any such information to Second Lien Agent or Second Lien Lenders on any subsequent occasion, (ii) to undertake any investigation, or (iii) to disclose any information which, pursuant to its commercial finance practices, First Lien Agent, First Lien Co-Agent or any First Lien Lender wishes to maintain confidential. Second Lien Agent, on behalf of itself and the Second Lien Lenders, acknowledges and agrees that none of First Lien Agent, First Lien Co-Agent or any First Lien Lender has made any warranties or representations with respect to the legality, validity, enforceability, collectability or perfection of the First Lien Indebtedness or any liens or security interests held in connection therewith.

Appears in 4 contracts

Samples: Credit Agreement (Salton Inc), Credit Agreement (Salton Inc), Intercreditor Agreement (Salton Inc)

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Information Concerning Financial Condition. Each of a. Second Lien Agent and each Second Lien Lender hereby assumes responsibility for keeping itself informed of the financial condition of Obligors and of all other circumstances bearing upon the risk of nonpayment of the Second Lien Indebtedness, and agrees that First Lien Agent, First Lien Co-Agent and the First Lien Lenders have and shall have no duty to advise Second Lien Agent or any Second Lien Lender Lenders of information known to First Lien Agent, Agent or First Lien Co-Agent or any First Lien Lender Lenders regarding such condition or any such circumstances. In the event First Lien Agent, First Lien Co-Agent or any First Lien Lender, in their its sole discretion, undertakeundertakes, at any time or from time to time, to provide any such information to Second Lien Agent or the Second Lien Lenders, none of First Lien Agent, First Lien Co-Agent or the and First Lien Lenders shall be under any no obligation (i) to provide any such information to Second Lien Agent or Second Lien Lenders on any subsequent occasion, (ii) to undertake any investigation, or (iii) to disclose any information which, pursuant to its commercial finance practices, First Lien Agent, First Lien Co-Agent or any First Lien Lender wishes to maintain confidential. Second Lien Agent, on behalf of itself and the Second Lien Lenders, Agent acknowledges and agrees that none of First Lien Agent, Agent and First Lien Co-Agent or any First Lien Lender has Lenders have made any no warranties or representations with respect to the legality, validity, enforceability, collectability or perfection of the First Lien Indebtedness or any liens or security interests held in connection therewith.

Appears in 1 contract

Samples: Intercreditor Agreement (Hill International, Inc.)

Information Concerning Financial Condition. Each of Second Junior Lien Agent and each Second Junior Lien Lender hereby assumes responsibility for keeping itself informed of the financial condition of Obligors and of all other circumstances bearing upon the risk of nonpayment of the Second Junior Lien Indebtedness, and agrees that First Senior Lien Agent, First Lien Co-Agent and the First Senior Lien Lenders have and shall have no duty to advise Second Junior Lien Agent or any Second Junior Lien Lender of information known to First Senior Lien Agent, First Lien Co-Agent or any First Senior Lien Lender regarding such condition or any such circumstances. In the event First Senior Lien Agent, First Lien Co-Agent or any First Senior Lien Lender, in their sole discretion, undertake, at any time or from time to time, to provide any such information to Second Junior Lien Agent or the Second Junior Lien Lenders, none of First Senior Lien Agent, First Lien Co-Agent or the First Senior Lien Lenders shall be under any obligation (i) to provide any such information to Second Junior Lien Agent or Second Junior Lien Lenders on any subsequent occasion, (ii) to undertake any investigation, or (iii) to disclose any information which, pursuant to its commercial finance practices, First Senior Lien Agent, First Lien Co-Agent or any First Senior Lien Lender wishes to maintain confidential. Second Junior Lien Agent, on behalf of itself and the Second Junior Lien Lenders, acknowledges and agrees that none of First Senior Lien Agent, First Lien Co-Agent or any First Senior Lien Lender has made any warranties or representations with respect to the legality, validity, enforceability, collectability or perfection of the First Senior Lien Indebtedness or any liens or security interests held in connection therewith.

Appears in 1 contract

Samples: Junior Liens Intercreditor Agreement (Salton Inc)

Information Concerning Financial Condition. Each of Second Junior Lien Agent and each Second Junior Lien Lender is responsible and hereby assumes responsibility for keeping itself informed of the financial condition of Obligors and of all other circumstances bearing upon the risk of nonpayment of the Second Junior Lien Indebtedness, and agrees that First Lien Agent, First Lien Co-Agent and the First Lien Lenders have and shall have no duty to advise Second any Junior Lien Agent or any Second Junior Lien Lender of information known to First Lien Agent, First Lien Co-Agent or any First Lien Lender regarding such condition or any such circumstances. In the event First Lien Agent, First Lien Co-Agent or any First Lien Lender, in their sole discretion, undertake, at any time or from time to time, to provide any such information to Second any Junior Lien Agent or any of the Second Junior Lien Lenders, none of First Lien Agent, First Lien Co-Agent or the First Lien Lenders shall be under any obligation (i) to provide any such information to Second any other Junior Lien Agent or Second any other Junior Lien Lenders Lender or on any subsequent occasion, (ii) to undertake any investigation, or (iii) to disclose any information which, pursuant to its commercial finance practices, First Lien Agent, First Lien Co-Agent or any First Lien Lender wishes to maintain confidential. Second Each Junior Lien Agent, on behalf of itself and the Second Junior Lien LendersLenders for which it is agent, acknowledges and agrees that none of First Lien Agent, First Lien Co-Agent or any First Lien Lender has made any warranties or representations with respect to the legality, validity, enforceability, collectability or perfection of the First Lien Indebtedness or any liens or security interests held in connection therewith.

Appears in 1 contract

Samples: Amended And (Salton Inc)

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Information Concerning Financial Condition. Each of a. The Second Lien Agent and each Second Lien Lender hereby assumes responsibility for keeping itself informed of the financial condition of Obligors and of all other circumstances bearing upon the risk of nonpayment of the Second Lien Indebtedness, and agrees that the First Lien Agent, First Lien Co-Agent and the First Lien Lenders have and shall have no duty to advise the Second Lien Agent or any the Second Lien Lender Lenders of information known to the First Lien Agent, Agent or the First Lien Co-Agent or any First Lien Lender Lenders regarding such condition or any such circumstances. In the event the First Lien Agent, First Lien Co-Agent or any First Lien Lender, in their its sole discretion, undertakeundertakes, at any time or from time to time, to provide any such information to the Second Lien Agent or the Second Lien Lenders, none of the First Lien Agent, First Lien Co-Agent or and the First Lien Lenders shall be under any no obligation (i) to provide any such information to the Second Lien Agent or the Second Lien Lenders on any subsequent occasion, (ii) to undertake any investigation, or (iii) to disclose any information which, pursuant to its commercial finance practices, the First Lien Agent, First Lien Co-Agent or any First Lien Lender wishes to maintain confidential. The Second Lien Agent, on behalf of itself and the Second Lien Lenders, Agent acknowledges and agrees that none of the First Lien Agent, Agent and the First Lien Co-Agent or any First Lien Lender has Lenders have made any no warranties or representations with respect to the legality, validity, enforceability, collectability or perfection of the First Lien Indebtedness or any liens or security interests held in connection therewith.

Appears in 1 contract

Samples: Intercreditor Agreement (Oxford Resource Partners LP)

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