Common use of Lack of Reliance on the Administrative Agent Clause in Contracts

Lack of Reliance on the Administrative Agent. Independently and without reliance upon the Administrative Agent, each Bank, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of each Credit Party in connection with the making and the continuance of the Loans and the taking or not taking of any action in connection herewith and (ii) its own appraisal of the creditworthiness of each Credit Party and, except as expressly provided in this Agreement, the Administrative Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Bank 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. The Administrative Agent shall not be responsible to any Bank for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of this Agreement or any other Credit Document (except insofar as this Agreement or any other Credit Document expressly imposes obligations upon the Administrative Agent) or the financial condition of any Credit Party or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of this Agreement or any other Credit Document, or the financial condition of any Credit Party or the existence or possible existence of any Default or Event of Default.

Lack of Reliance on the Administrative Agent. Independently and without reliance upon the Administrative Agent, each Bank, to the extent Each Lender acknowledges that it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of each Credit Loan Party and each of their Subsidiaries in connection with the making and the continuance of the Loans Loans, participation in Letters of Credit and the taking or not taking of any action in connection herewith and (ii) its own appraisal of the creditworthiness of each Credit Loan Party and each of their Subsidiaries and, except as expressly provided in this Agreement, the Administrative Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Bank Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans, Loans or issuance of Letters of Credit or at any time or times thereafter. The Administrative Agent shall not be responsible to any Bank Lender for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of this Agreement or any other Credit Loan Document (except insofar as this Agreement or any other Credit Document expressly imposes obligations upon the Administrative Agent) or the financial condition of any Credit Loan Party or any of its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of this Agreement or any other Credit Loan Document, or the financial condition of any Credit Loan Party or any of its Subsidiaries or the existence or possible existence of any Default or Event of Default.

Lack of Reliance on the Administrative Agent. Independently and without reliance upon the Administrative Agent, each Bank, to the extent Each --------------------------------------------- Lender acknowledges that it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of each Credit Loan Party and each of their Subsidiaries in connection with the making and the continuance of the Loans Loans, participation in Letters of Credit and the taking or not taking of any action in connection herewith and (ii) its own appraisal of the creditworthiness of each Credit Loan Party and each of their Subsidiaries and, except as expressly provided in this Agreement, the Administrative Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Bank Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans, Loans or issuance of Letters of Credit or at any time or times thereafter. The Administrative Agent shall not be responsible to any Bank Lender for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of this Agreement or any other Credit Loan Document (except insofar as this Agreement or any other Credit Document expressly imposes obligations upon the Administrative Agent) or the financial condition of any Credit Loan Party or any of its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of this Agreement or any other Credit Loan Document, or the financial condition of any Credit Loan Party or any of its Subsidiaries or the existence or possible existence of any Default or Event of Default.

Lack of Reliance on the Administrative Agent. Independently and without reliance upon the Administrative Agent, each Bank, to the extent Each --------------------------------------------- Lender acknowledges that it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of each Credit Loan Party and each of their Subsidiaries in connection with the making and the continuance of the Loans and the taking or not taking of any action in connection herewith and (ii) its own appraisal of the creditworthiness of each Credit Loan Party and each of their Subsidiaries and, except as expressly provided in this Agreement, the Administrative Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Bank Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans, Loans or at any time or times thereafter. The Administrative Agent shall not be responsible to any Bank Lender for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of this Agreement or any other Credit Loan Document (except insofar as this Agreement or any other Credit Document expressly imposes obligations upon the Administrative Agent) or the financial condition of any Credit Loan Party or any of its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of this Agreement or any other Credit Loan Document, or the financial condition of any Credit Loan Party or any of its Subsidiaries or the existence or possible existence of any Default or Event of Default.