Common use of No Duty to Advise Clause in Contracts

No Duty to Advise. The Guarantor assumes all responsibility for being and keeping itself informed of the Principal's financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that the Guarantor assumes and incurs under this Guaranty, and agrees that neither the Agent nor any Lender has any duty to advise the Guarantor of information known to it regarding those circumstances or risks.

Appears in 2 contracts

Samples: Credit Agreement (Parallel Petroleum Corp), Credit Agreement (Parallel Petroleum Corp)

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No Duty to Advise. The Guarantor assumes all responsibility for being and keeping itself informed of the PrincipalBorrower's financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that the Guarantor assumes and incurs under this Guaranty, and agrees that neither the Agent nor any Lender has any duty to advise the Guarantor of information known to it regarding those circumstances or risks.

Appears in 1 contract

Samples: Credit Agreement (Amli Residential Properties Trust)

No Duty to Advise. The Guarantor Each of the Guarantors assumes all responsibility for being and keeping itself informed of the Principal's ’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that each of the Guarantor Guarantors assumes and incurs under this Guaranty, and agrees that neither the Administrative Agent, the Documentation Agent, the Syndication Agent nor any Lender has any duty to advise any of the Guarantor Guarantors of information known to it regarding those circumstances or risks.

Appears in 1 contract

Samples: Guaranty (SCP Pool Corp)

No Duty to Advise. The Guarantor assumes all responsibility for being and keeping itself informed of the Principal's XX Xxxxxxxxx’x financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that the Guarantor assumes and incurs under this Guaranty, and agrees that neither the Agent nor any Lender Lessor has any no duty to advise the Guarantor of information known to it regarding those circumstances or risks.

Appears in 1 contract

Samples: Unconditional Guaranty

No Duty to Advise. The Guarantor assumes all responsibility for being and keeping itself informed of the Principal's ’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that the Guarantor assumes and incurs under this Guaranty, and agrees that neither the Agent nor any Lender has any duty to advise the Guarantor of information known to it regarding those circumstances or risks.

Appears in 1 contract

Samples: Guaranty (Parallel Petroleum Corp)

No Duty to Advise. The Guarantor assumes all responsibility for being and keeping itself informed of the Principal's Additional Borrower’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that the Guarantor assumes and incurs under this Guaranty, and agrees that neither the Agent nor any Lender has does not have any duty to advise the Guarantor of information known to it regarding those circumstances or risks.

Appears in 1 contract

Samples: Credit Agreement (Southwestern Energy Co)

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No Duty to Advise. The Guarantor assumes all responsibility for being and keeping itself informed of the Principal's Borrower’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that the Guarantor assumes and incurs under this Guaranty, and agrees that neither the Agent nor any Lender has any no duty to advise the Guarantor of information known to it regarding those circumstances or risks.

Appears in 1 contract

Samples: Guaranty (Baron Energy Inc.)

No Duty to Advise. The Guarantor assumes all responsibility for being and keeping itself informed of the Principal's financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that the Guarantor assumes and incurs under this Guaranty, and agrees that neither the Agent Agent, the LC Issuer nor any Lender has any duty to advise the Guarantor of information known to it regarding those circumstances or risks.

Appears in 1 contract

Samples: Parent Guaranty (Daisytek International Corporation /De/)

No Duty to Advise. The Guarantor assumes all responsibility for being and keeping itself informed of the Principal's financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that the Guarantor assumes and incurs under this Guaranty, and agrees that neither the Agent nor any Lender has Holder does not have any duty to advise the Guarantor of information known to it regarding those circumstances or risks.

Appears in 1 contract

Samples: Subordinated Revolving Note (KPMG Consulting Inc)

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