Common use of Lack of Reliance on Agent Clause in Contracts

Lack of Reliance on Agent. (i) Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (A) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor and any other Lender in connection with the taking or not taking of any action in connection herewith and (B) its own appraisal of the creditworthiness of Agent, each Obligor and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter.

Appears in 8 contracts

Samples: Loan and Security Agreement (Amcon Distributing Co), Loan and Security Agreement (Perry-Judds Inc), Loan and Security Agreement (Poindexter J B & Co Inc)

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Lack of Reliance on Agent. (ia) Independently and without reliance upon the Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (Ai) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor and any other Lender the Borrower in connection with the taking or not taking of any action in connection herewith and (Bii) its own appraisal of the creditworthiness of Agent, each Obligor and any other Lenderthe Borrower, and, except as expressly provided in this Credit Agreement, the Agent shall not have any no duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Revolving Loans or at any time or times thereafter.

Appears in 4 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

Lack of Reliance on Agent. (i) Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (A) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor and any other Lender in connection with the taking or not taking of any action in connection herewith and (B) its own appraisal of the creditworthiness of Agent, each Obligor and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Revolving Loans or at any time or times thereafter.

Appears in 3 contracts

Samples: Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Apac Customer Service Inc)

Lack of Reliance on Agent. (ia) Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (Ai) its own independent investigation of the financial or other condition and affairs of AgentBorrower, each Obligor Guarantor and any other Lender in connection with the taking or not taking of any action in connection herewith and (Bii) its own appraisal of the creditworthiness of AgentBorrower, each Obligor Guarantor and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any no duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans Loan or at any time or times thereafter.

Appears in 3 contracts

Samples: Possession Loan Agreement (Ener1 Inc), Loan Agreement (Ener1 Inc), Loan Agreement (Ener1 Inc)

Lack of Reliance on Agent. (ia) Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, ; has made and shall continue to make (A) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor and any other Lender in connection with the taking or not taking of any action in connection herewith and (B) its own appraisal of the creditworthiness of Agent, each Obligor and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter.

Appears in 2 contracts

Samples: Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/)

Lack of Reliance on Agent. (i) Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (A) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor Credit Party and any other Lender in connection with the taking or not taking of any action in connection herewith and (B) its own appraisal of the creditworthiness of Agent, each Obligor Credit Party and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter.

Appears in 2 contracts

Samples: Loan and Security Agreement (Omni Energy Services Corp), Loan and Security Agreement (Omni Energy Services Corp)

Lack of Reliance on Agent. (i) Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (A) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor and any other Lender in connection with the taking or not taking of any action in connection herewith and (B) its own appraisal of the creditworthiness of Agent, each Obligor and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans Term Loan or at any time or times thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Apac Customer Service Inc)

Lack of Reliance on Agent. (ia) Independently and without reliance upon the Agent, each Lender, to the extent it deems appropriate, has made and shall continue con- 121 tinue to make (Ai) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor the Borrower and any other Lender its Subsidiaries in connection with the taking or not taking of any action in connection herewith and (Bii) its own appraisal of the creditworthiness of Agent, each Obligor the Borrower and any other Lenderits Subsidiaries, and, except as expressly provided in this Credit Agreement, the Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter.

Appears in 1 contract

Samples: Credit Agreement (Consumers Us Inc)

Lack of Reliance on Agent. (ia) Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (A) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor Borrower and any other Lender in connection with the taking or not taking of any action in connection herewith and (B) its own appraisal of the creditworthiness of Agent, each Obligor Borrower and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any no duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Revolving Loans or at any time or times thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Teletouch Communications Inc)

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Lack of Reliance on Agent. (ia) Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (Ai) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor Agent and any other Lender in connection with the taking or not taking of any action in connection herewith and (Bii) its own appraisal of the creditworthiness of Agent, each Obligor Agent and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the initial Revolving Loans, Draw Loans and the Term Loans or at any time or times thereafter.

Appears in 1 contract

Samples: Credit Agreement (Surmodics Inc)

Lack of Reliance on Agent. (i) Independently i)Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (A) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor and any other Lender in connection with the taking or not taking of any action in connection herewith and (B) its own appraisal of the creditworthiness of Agent, each Obligor and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter.Lender

Appears in 1 contract

Samples: Loan and Security Agreement (Amcon Distributing Co)

Lack of Reliance on Agent. (i) Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (A) its own 62 independent investigation of the financial or other condition and affairs of Agent, each Obligor and any other Lender in connection with the taking or not taking of any action in connection herewith and (B) its own appraisal of the creditworthiness of Agent, each Obligor and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Coachmen Industries Inc)

Lack of Reliance on Agent. (ia) Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (Ai) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor and any other Lender in connection with the taking or not taking of any action in connection herewith and (Bii) its own appraisal of the creditworthiness of Agent, each Obligor and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Addus HomeCare Corp)

Lack of Reliance on Agent. (i) Independently and without reliance upon Agent, each Lender, to the extent it deems appropriate, has made and shall continue to make (A) its own independent investigation of the financial or other condition and affairs of Agent, each Obligor and any other Lender in connection with the taking or not taking of any action in connection herewith and (B) its own appraisal of the creditworthiness of Agent, each Obligor and any other Lender, and, except as expressly provided in this Agreement, Agent shall not have any no duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter.

Appears in 1 contract

Samples: And Consolidated Loan and Security Agreement (Empire of Carolina Inc)

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