Common use of Information Regarding Borrowers Clause in Contracts

Information Regarding Borrowers. Before signing this Guaranty, Guarantor investigated the financial condition and business operations of Borrowers and such other matters as Guarantor deemed appropriate to assure himself of Borrowers' ability to discharge its obligations under the Loan Documents. Guarantor assumes full responsibility for that due diligence, as well as for keeping informed of all matters which may affect Borrowers' ability to pay and perform their obligations to Lenders. Agent and Lenders have no duty to disclose to Guarantor any information which any of them may have or receive about Borrowers' financial condition or business operations, the condition or uses of any properties of any Borrower, or any other circumstances bearing on Borrowers' ability to perform.

Appears in 3 contracts

Samples: Payment Guaranty (Mediabus Networks Inc), Payment Guaranty (Mediabus Networks Inc), Payment Guaranty (Mediabus Networks Inc)

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Information Regarding Borrowers. Before signing this Guaranty, Guarantor investigated the financial condition and business operations of Borrowers Borrowers, the present and former condition, uses and ownership of its properties, and such other matters as Guarantor deemed appropriate to assure himself itself of Borrowers' ability to discharge its obligations under the Loan Documents. Guarantor assumes full responsibility for that due diligence, as well as for keeping informed of all matters which may affect Borrowers' ability to pay and perform their its obligations to LendersBank. Agent and Lenders have Bank has no duty to disclose to Guarantor any information which any of them Bank may have or receive about Borrowers' financial condition or business operations, the condition or uses of any properties of any Borrower, or any other circumstances bearing on Borrowers' ability to perform.

Appears in 1 contract

Samples: Arlen Corp

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