New Lender’s own credit appraisal, etc. Each New Lender confirms to the Existing Lender and the other Finance Parties that it: a) has made (and will continue to make) its own independent investigation and assessment of the financial condition and affairs of the Borrower and its related entities in connection with its participation in this Agreement and has not relied exclusively on any information provided to it by the Existing Lender in connection with any Finance Document; and b) will continue to make its own independent appraisal of the creditworthiness of the Borrower and its related entities whilst any amount is or may be outstanding under the Finance Documents or any Commitment is in force.
Appears in 4 contracts
Samples: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc), Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc), Long Term Facility Agreement (General Geophysics Co)
New Lender’s own credit appraisal, etc. Each New Lender confirms to the Existing Lender and the other Finance Parties that it:
(a) has made (and will continue to make) its own independent investigation and assessment of the financial condition and affairs of the Borrower Obligors and its their related entities in connection with its participation in this Agreement and has not relied exclusively on any information provided to it by the Existing Lender in connection with any Finance Document; and
(b) will continue to make its own independent appraisal of the creditworthiness of the Borrower Obligors and its their related entities whilst any amount is or may be outstanding under the Finance Documents or any Commitment is in force.
Appears in 2 contracts
Samples: Senior Secured Credit Facility Agreement (North Atlantic Drilling Ltd.), Senior Secured Credit Facility Agreement (Ocean Rig UDW Inc.)
New Lender’s own credit appraisal, etc. Each New Lender confirms to the Existing Lender and the other Finance Parties that it:
(a) has made (and will continue to make) its own independent investigation and assessment of the financial condition and affairs of the Borrower and its related entities in connection with its participation in this Agreement and has not relied exclusively on any information provided to it by the Existing Lender in connection with any Finance Document; and
(b) will continue to make its own independent appraisal of the creditworthiness of the Borrower and its related entities whilst any amount is or may be outstanding under the Finance Documents or any Commitment is in force.
Appears in 1 contract
New Lender’s own credit appraisal, etc. Each New Lender confirms to the Existing Lender and the other Finance Parties that it:
(a) has made (and will continue to make) its own independent investigation and assessment of the financial condition and affairs of the Borrower and its related entities in connection with its participation in this Agreement and has not relied exclusively on any information provided to it by the Existing Lender in connection with any Finance Document; and
(b) will continue to make its own independent appraisal of the creditworthiness of the Borrower and its related entities whilst any amount is or may be outstanding under the Finance Documents or any Commitment is in force.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Facility Agreement (Gulfmark Offshore Inc)
