Common use of Lenders’ Credit Decisions Clause in Contracts

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agents or any other Lender, and based on the financial statements prepared by the Loan Parties and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the business, assets, operations, property, and financial and other condition of the Loan Parties and has made its own decision to enter into this Agreement and the other Loan Documents and agrees that the Agents shall bear no responsibility therefor. Each Lender also acknowledges that it will, independently and without reliance upon the Agents 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 determining whether or not conditions precedent to closing any Loan hereunder have been satisfied and in taking or not taking any action under this Agreement and the other Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Stage Stores Inc), Credit Agreement (Stage Stores Inc), Credit Agreement (Stage Stores Inc)

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Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agents or any other Lender, and based on the financial statements prepared by the Loan Parties and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the business, assets, operations, property, and financial and other condition of the Loan Parties and has made its own decision to enter into this Agreement and the other Loan Documents and agrees that the Agents shall bear no responsibility therefortherefore. Each Lender also acknowledges that it will, independently and without reliance upon the Agents 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 determining whether or not conditions precedent to closing any Loan hereunder have been satisfied and in taking or not taking any action under this Agreement and the other Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Advanced Audio Concepts, LTD), Credit Agreement (Marsh Supermarkets Inc), Credit Agreement (Marsh Supermarkets Inc)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agents Administrative Agent or any other Lender, and based on the financial statements prepared by the Loan Parties REIT and the Borrowers and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the business, assets, operations, property, and financial and other condition of the Loan Parties Obligors and has made its own decision to enter into this Agreement and the other Loan Documents and agrees that the Agents shall bear no responsibility thereforDocuments. Each Lender also acknowledges that it will, independently and without reliance upon the Agents 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 determining whether or not conditions precedent to closing any Loan hereunder have been satisfied and in taking or not taking any action under this Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Revolving Credit Agreement and Guaranty (Heritage Property Investment Trust Inc), Revolving and Term Credit Agreement (Heritage Property Investment Trust Inc)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agents or any other Lender, and based on the financial statements prepared by the Loan Parties Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the business, assets, operations, property, and financial and other condition of the Loan Parties Borrower and has made its own decision to enter into this Agreement and the other Loan Documents and agrees that the Agents shall bear no responsibility therefortherefore. Each Lender also acknowledges that it will, independently and without reliance upon the Agents 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 determining whether or not conditions precedent to closing any Loan hereunder have been satisfied and in taking or not taking any action under this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (American Color Graphics Inc)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agents Agent, the Arrangers, or any other Lender, and based on the financial statements prepared by the Loan Parties Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the business, assets, operations, property, and financial and other condition of the Loan Parties Borrower and has made its own decision to enter into this Loan Agreement and the other Loan Documents and agrees that the Agents shall bear no responsibility thereforDocuments. Each Lender also acknowledges that it will, independently and without reliance upon the Agents Agent, the Arrangers 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 determining whether or not conditions precedent to closing any the Loan hereunder have been satisfied and in taking or not taking any action under this Loan Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit and Security Agreement (Charter Municipal Mortgage Acceptance Co)

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Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agents or any other Lender, and based on the financial statements prepared by the Loan Parties and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the business, assets, operations, property, and financial and other condition of the Loan Parties and has made its own decision to enter into this Agreement and the other Loan Documents and agrees that the Agents shall bear no responsibility therefor. Each Lender also acknowledges that it will, independently and without reliance upon the Agents 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 determining whether or not conditions precedent to closing any Loan hereunder have been satisfied and in taking or not taking any action under this Agreement and the other Loan Documents. SECTION 8.07.

Appears in 1 contract

Samples: Credit Agreement (Stage Stores Inc)

Lenders’ Credit Decisions. Each Lender acknowledges that it has, independently and without reliance upon the Agents Agent or any other Lender, and based on the financial statements prepared by the Loan Parties Borrower and the Guarantors and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the business, assets, operations, property, and financial and other condition of the Loan Parties Borrower and the Guarantors and has made its own decision to enter into this Agreement and the other Loan Documents and agrees that the Agents shall bear no responsibility thereforDocuments. Each Lender also acknowledges that it will, independently and without reliance upon the Agents 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 determining whether or not conditions precedent to closing any Loan hereunder have been satisfied and in taking or not taking any action under this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit and Security Agreement (Chartermac)

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