Common use of Lack of Reliance on the Agents Clause in Contracts

Lack of Reliance on the Agents. (a) Independently and without reliance upon either Agent, each Lender, 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 the Credit Parties in connection with the taking or not taking of any action in connection herewith, and (ii) its own appraisal of the creditworthiness of the Credit Parties, and, except as expressly provided in this Agreement, neither Agent shall 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: Revolving Credit Agreement (Choicepoint Inc), Credit Agreement (Choicepoint Inc)

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Lack of Reliance on the Agents. (a) Independently and without reliance upon either Agentthe Agents, each Lender, 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 the Credit Parties in connection with the taking or not taking of any action in connection herewith, and (ii) its own appraisal of the creditworthiness of the Credit Parties, and, except as expressly provided in this Agreement, neither Agent the Agents shall 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 Extensions of Credit or at any time or times thereafter.

Appears in 2 contracts

Samples: Day Revolving Credit Agreement (Office Depot Inc), Credit Agreement (Office Depot Inc)

Lack of Reliance on the Agents. (a) Independently and without reliance upon either Agent, each Lender, 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 the Credit Parties in connection with the taking or not taking of any action in connection herewith, and (ii) its own appraisal of the creditworthiness of the Credit Parties, and, except as expressly provided in this Agreement, neither Agent shall 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 participating in Letters of Credit, or at any time or times thereafter.

Appears in 1 contract

Samples: Revolving Credit Agreement (Choicepoint Inc)

Lack of Reliance on the Agents. (a) Independently and without reliance upon either Agentthe Agents, each Lender, 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 the Credit Parties in connection with the taking or not taking of any action in connection herewith, and (ii) its own appraisal of the creditworthiness of the Credit Parties, and, except as expressly provided in this Agreement, neither Agent the Agents shall 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 any Term Loans or at any time or times thereafter.

Appears in 1 contract

Samples: Term Loan Agreement (Interface Inc)

Lack of Reliance on the Agents. (a) Independently and without reliance upon either Agentthe Agents, each Lender, 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 the Credit Parties in connection with the taking or not taking of any action in connection herewith, and (ii) its own appraisal of the creditworthiness of the Credit Parties, and, except as expressly provided in this Agreement, neither Agent the Agents shall 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 151 possession before the making of any Loans, or the Loans issuance of any Letters of Credit, or at any time or times thereafter.

Appears in 1 contract

Samples: Credit Agreement (Interface Inc)

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Lack of Reliance on the Agents. (a) Independently and without reliance upon either Agentthe Agents, each Lender, 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 the Credit Parties in connection with the taking or not taking of any action in connection herewith, and (ii) its own appraisal of the creditworthiness of the Credit Parties, and, except as expressly provided in this Agreement, neither Agent the Agents shall 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 any Loans, or at any time or times thereafter.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Vari Lite International Inc)

Lack of Reliance on the Agents. (a) Independently and without reliance upon either Agentthe Agents, each Lender, 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 the Credit Parties in connection with the taking or not taking of any action in connection herewith, and (ii) its own appraisal of the creditworthiness of the Credit Parties, and, except as expressly provided in this Agreement, neither Agent the Agents shall 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: Security Agreement (Able Telcom Holding Corp)

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