Common use of Lender Credit Decisions Clause in Contracts

Lender Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on Financial Statements referred to in Section 6.1(e) and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Mercer International Inc), Loan Agreement (Mercer International Inc)

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Lender Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on Financial Statements referred to in Section 6.1(e) the financial statements of the Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (First Union Real Estate Equity & Mortgage Investments)

Lender Credit Decisions. Each Lender acknowledges that it has, has independently and without reliance upon the Administrative Agent or any other Lender and based on Financial Statements the financial statements referred to in Section 6.1(e4.01(e) and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this AgreementAgreement or any of the other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Inco LTD)

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Lender Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on Financial Statements the financial information referred to in Section 6.1(e53 Sections 3.1(e) and 4.1(e) and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Gpu Inc /Pa/)

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