Common use of No Duty to Disclose Clause in Contracts

No Duty to Disclose. The LENDER shall have no present or future duty or obligation to discover or to disclose to the GUARANTOR any information, financial or otherwise, concerning the BORROWER, any other guarantor, or any collateral securing either the obligations of the BORROWER to the LENDER or of any other person who may have guarantied in whole or in part the obligations of the BORROWER to the LENDER. The GUARANTOR waives any right to claim or assert any such duty or obligation on the part of the LENDER. The GUARANTOR agrees to obtain all information which the GUARANTOR considers either appropriate or relevant to this GUARANTY from sources other than the LENDER and to become and remain at all times current and continuously apprised of all information concerning the BORROWER, other guarantors, and any collateral which is material and relevant to the obligations of the GUARANTOR under this GUARANTY.

Appears in 3 contracts

Samples: Guaranty Agreement (Avatech Solutions Inc), Guaranty Agreement (Ch Energy Group Inc), Guaranty Agreement (Ch Energy Group Inc)

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No Duty to Disclose. The LENDER SECURED PARTIES shall have no present or future duty or obligation to discover or to disclose to the GUARANTOR any information, financial or otherwise, concerning the BORROWER, any other guarantor, or any collateral securing either the obligations of the BORROWER to the LENDER SECURED PARTIES or of any other person who may have guarantied in whole or in part the obligations of the BORROWER to the LENDERSECURED PARTIES. The GUARANTOR waives any right to claim or assert any such duty or obligation on the part of the LENDERSECURED PARTIES. The GUARANTOR agrees to obtain all information which the GUARANTOR considers either appropriate or relevant to this GUARANTY from sources other than the LENDER SECURED PARTIES and to become and remain at all times current and continuously apprised of all information concerning the BORROWER, other guarantors, and any collateral which is material and relevant to the obligations OBLIGATIONS of the GUARANTOR under this GUARANTY.

Appears in 2 contracts

Samples: Guaranty Agreement (Martek Biosciences Corp), Loan and Security Agreement (Martek Biosciences Corp)

No Duty to Disclose. The LENDER shall have no present or future duty or obligation to discover or to disclose to the GUARANTOR any information, financial or otherwise, concerning the any BORROWER, any other guarantor, or any collateral securing either the obligations of the any BORROWER to the LENDER or of any other person who may have guarantied in whole or in part the obligations of the BORROWER BORROWERS to the LENDER. The GUARANTOR waives any right to claim or assert any such duty or obligation on the part of the LENDER. The GUARANTOR agrees to obtain all information which the GUARANTOR considers either appropriate or relevant to this GUARANTY from sources other than the LENDER and to become and remain at all times current and continuously apprised of all information concerning the BORROWERBORROWERS, other guarantors, and any collateral which is material and relevant to the obligations of the GUARANTOR under this GUARANTY.

Appears in 1 contract

Samples: Limited Guaranty Agreement (Gse Systems Inc)

No Duty to Disclose. The LENDER shall have no present or future duty or obligation to discover or to disclose to the GUARANTOR any information, financial or otherwise, concerning the BORROWERBORROWERS, any other guarantor, or any collateral securing either the obligations of the BORROWER BORROWERS to the LENDER or of any other person who may have guarantied in whole or in part the obligations of the BORROWER BORROWERS to the LENDER. The GUARANTOR waives any right to claim or assert any such duty or obligation on the part of the LENDER. The GUARANTOR agrees to obtain all information which the GUARANTOR considers either appropriate or relevant to this GUARANTY from sources other than than, the LENDER and to become and remain at all times current and continuously apprised of all information concerning the BORROWERBORROWERS, other guarantors, and any collateral which is the GUARANTOR deems to be material and or relevant to the obligations of the GUARANTOR under this GUARANTY.

Appears in 1 contract

Samples: Guaranty Agreement (Avatech Solutions Inc)

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No Duty to Disclose. The LENDER shall have no present or future duty or obligation to discover or to disclose to the GUARANTOR any information, financial or otherwise, concerning the any BORROWER, any other guarantor, or any collateral securing either the obligations of the any BORROWER to the LENDER or of any other person who may have guarantied in whole or in part the obligations of the BORROWER BORROWERS to the LENDER. The GUARANTOR waives any right to claim or assert any such duty or obligation on the part of the LENDER. The GUARANTOR agrees to obtain all information which the GUARANTOR considers either appropriate or relevant to this GUARANTY from sources other than the LENDER and to become and remain at all times current and continuously apprised of all information concerning the BORROWERBORROWERS, other guarantors, and any collateral which is material and relevant to the obligations of the GUARANTOR under this GUARANTY. Section 14.

Appears in 1 contract

Samples: Limited Guaranty Agreement (Gse Systems Inc)

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