No Duty to Verify. No provision of this Schedule 7.01(h) or any provision of any Transaction Document shall impose on the Administrative Agent, Collateral Agent or any Senior Secured Party any duty or obligation to verify the existence or adequacy of the insurance coverage maintained by the Borrowers, nor shall the Administrative Agent, Collateral Agent or any Senior Secured Party be responsible for any representations or warranties made by or on behalf of any Borrower to any insurance company or underwriter.
Appears in 3 contracts
Samples: Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (ASAlliances Biofuels, LLC), Possession Credit Agreement (Pacific Ethanol, Inc.)
No Duty to Verify. No provision of this Schedule 7.01(h) or any provision of any Transaction Document shall impose on any of the Administrative Agent, Collateral Agent or any Senior Secured Party Parties any duty or obligation to verify the existence or adequacy of the insurance coverage maintained by the BorrowersBorrower, nor shall any of the Administrative Agent, Collateral Agent or any Senior Secured Party Parties be responsible for any representations or warranties made by or on behalf of any the Borrower to any insurance company or underwriter.
Appears in 2 contracts
Samples: Credit Agreement (Renewable Energy Group, Inc.), Blocked Account Agreement (First United Ethanol LLC)
