Common use of Lenders’ Credit Decisions Clause in Contracts

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.

Appears in 15 contracts

Samples: Construction Loan Agreement, Construction and Term Loan Agreement (Investors Real Estate Trust), Loan Agreement (Winthrop Realty Trust)

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Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements and other information prepared by Borrower Borrowers and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.

Appears in 6 contracts

Samples: Secured Loan Agreement, Secured Loan Agreement (Sentio Healthcare Properties Inc), Secured Loan Agreement (Sentio Healthcare Properties Inc)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Borrower and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Hecla Mining Co/De/), Credit Agreement (Forcenergy Inc), Credit Agreement (Forcenergy Inc)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the any Arranger, any Agent or any other Lender and based on the financial statements and other information prepared by Borrower referred to in Section 4.01(e) and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan DocumentsAgreement. Each Lender also acknowledges that it will, independently and without reliance upon any Arranger, any 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 and the other Loan DocumentsAgreement.

Appears in 2 contracts

Samples: Credit Agreement (Xerox Credit Corp), Credit Agreement (Xerox Corp)

Lenders’ Credit Decisions. Each Lender acknowledges that it ------------------------- has, independently and without reliance upon the Agent Administrative Agent, any Arranger or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Borrower and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, will independently and without reliance upon Agent Administrative Agent, any Arranger 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 and the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Spinnaker Exploration Co), Credit Agreement (Spinnaker Exploration Co)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the any Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Obligors and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon any 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 and the other Loan Documents.

Appears in 2 contracts

Samples: Pledge Agreement (Pioneer Natural Resources Co), Pledge Agreement (Pioneer Natural Resources Co)

Lenders’ Credit Decisions. Each Lender acknowledges that it ------------------------- has, independently and without reliance upon the Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Borrower and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Western Gas Resources Inc), Credit Agreement (Nab Asset Corp)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Borrower and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Nuevo Energy Co), Credit Agreement (Nuevo Energy Co)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.

Appears in 2 contracts

Samples: Pledge Agreement (Owens Realty Mortgage, Inc.), Loan Agreement (NNN Healthcare/Office REIT, Inc.)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Borrowers and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp /Ok/)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the any Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Designated Entities and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.also

Appears in 1 contract

Samples: Pledge Agreement (Pioneer Natural Resources Co)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the any Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of the Designated Entities and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon any 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 and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Natural Resources Co)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 the Credit Agreement, this Agreement Addendum and the other Loan Documents.,

Appears in 1 contract

Samples: Credit Agreement (Owens Realty Mortgage, Inc.)

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Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Borrower and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, will independently and without reliance upon 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 and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Spinnaker Exploration Co)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Borrower, Parent and DEOC and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp /Ok/)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (KBS Strategic Opportunity REIT, Inc.)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agent Administrative Agent, any Joint Lead Arranger or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Borrower and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, will independently and without reliance upon Agent Administrative Agent, any Joint Lead Arranger 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 and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Spinnaker Exploration Co)

Lenders’ Credit Decisions. Each Lender acknowledges that it ------------------------- has, independently and without reliance upon the Administrative Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Borrower and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Nuevo Energy Co)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the any Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriateLender, made its own credit analysis of Designated Entities and the transactions contemplated hereby and its own independent decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon any 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 and the other Loan Documents.

Appears in 1 contract

Samples: Pledge Agreement (Pioneer Natural Resources Co)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements and other information prepared by Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon 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 and the other Loan Documents.. Section 9.16

Appears in 1 contract

Samples: Credit Agreement

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