Common use of Lenders’ Credit Decisions Clause in Contracts

Lenders’ Credit Decisions. Each Lender agrees that it has, independently and without reliance upon the Agent, any other Lender or the directors, officers, agents, employees or attorneys of the Agent or of any other Lender, and instead in reliance upon information supplied to it by or on behalf of Borrower and upon such other information as it has deemed appropriate, made its own independent credit analysis and decision to enter into this Agreement. Each Lender also agrees that it shall, independently and without reliance upon the Agent, any other Lender or the directors, officers, agents, employees or attorneys of the Agent or of any other Lender, continue to make its own independent credit analyses and decisions in acting or not acting under the Loan Documents.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Price Enterprises Inc), Revolving Credit Agreement (Price Enterprises Inc)

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Lenders’ Credit Decisions. Each Lender agrees that it has, ------------------------- independently and without reliance upon the Administrative Agent, any other Lender Creditor or the directors, officers, agents, employees or attorneys of the Agent or of any other Lenderthereof, and instead in reliance upon information supplied to it by or on behalf of Borrower and its Subsidiaries and upon such other information informa tion as it has deemed appropriate, made its own independent credit analysis and decision to enter into this Agreement. Each Lender also agrees that it shall, independently and without reliance upon the Administrative Agent, any other Lender Creditor or the directors, officers, agents, employees or attorneys of the Agent or of any other Lenderthereof, continue to make its own independent credit analyses and decisions in acting or not acting under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (MGM Grand Inc)

Lenders’ Credit Decisions. Each Lender agrees that it has, has independently and without reliance upon the Administrative Agent, any other Lender Creditor or the directors, officers, agents, employees or attorneys of the Agent or of any other Lenderthereof, and instead in reliance upon information supplied to it by or on behalf of Borrower and its Subsidiaries and upon such other information as it has deemed appropriate, made its own independent credit analysis and decision to enter into this Agreement. Each Lender also agrees that it shall, independently and without reliance upon the Administrative Agent, any other Lender Creditor or the directors, officers, agents, employees or attorneys of the Agent or of any other Lenderthereof, continue to make its own independent credit analyses and decisions in acting or not acting under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Anchor Gaming)

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Lenders’ Credit Decisions. Each Lender agrees that it has, independently and without reliance upon the Administrative Agent, any other Lender Creditor or the directors, officers, agents, employees or attorneys of the Agent or of any other Lenderthereof, and instead in reliance upon information supplied to it by or on behalf of Borrower and its Subsidiaries and upon such other information as it has deemed appropriate, made its own independent credit analysis and decision to enter into this Agreement. Each Lender also agrees that it shall, independently and without reliance upon the Administrative Agent, any other Lender Creditor or the directors, officers, agents, employees or attorneys of the Agent or of any other Lenderthereof, continue to make its own independent credit analyses and decisions in acting or not acting under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (MGM Mirage)

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