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

Lack of Reliance on the Collateral Agent. The Collateral Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Trustee or Secured Creditor with any credit or other information with respect to any of the Companies, whether currently in its possession or coming into its possession at any time or times hereafter, except to the extent specifically provided in this Agreement.

Appears in 2 contracts

Samples: Intercreditor and Collateral Agency Agreement (Transamerican Energy Corp), Intercreditor and Collateral Agency Agreement (Transamerican Energy Corp)

Lack of Reliance on the Collateral Agent. The Collateral Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Trustee or Secured Creditor Party with any credit credit, market or other information with respect to any of the Companiesthereto, whether currently in its possession or coming into its possession before any Obligations are incurred or at any time or times hereafter, except to the extent specifically provided in this Agreementthereafter.

Appears in 2 contracts

Samples: Share Exchange Agreement (DPW Holdings, Inc.), Share Exchange Agreement (Avalanche International, Corp.)

Lack of Reliance on the Collateral Agent. The Collateral Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Trustee Representative or any Secured Creditor with any credit or other information with respect to the Company or any of the Companies, its Affiliates whether currently in its possession or coming into its possession before the date hereof or at any time or times hereafterthereafter, except to the extent as specifically provided in this Agreementinstructed by any Representative.

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (Navigator Gas Iom I-E LTD)