Common use of No Reliance by Guarantor Clause in Contracts

No Reliance by Guarantor. Each Guarantor acknowledges and agrees that he has performed his own independent investigation of the financial condition of Borrower and has not relied upon Lenders for such investigation. Each Guarantor hereby waives and agrees not to assert or take advantage of any duty on the part of Lenders to disclose to any Guarantor any facts it may now or hereunder know about Borrower or any collateral for the Loan, it being understood and agreed that each Guarantor is fully responsible for being and keeping informed of the financial condition of Borrower and of all circumstances bearing on the risk of nonpayment of any indebtedness hereby guaranteed.

No Reliance by Guarantor. Each Guarantor acknowledges and agrees that he Guarantor has performed his own independent investigation of the financial condition of Borrower and has not relied upon Lenders Lender for such investigation. Each Guarantor hereby waives and agrees not to assert or take advantage of any duty on the part of Lenders Lender to disclose to any Guarantor any facts it he may now or hereunder know about Borrower or any collateral for the Loan, it being understood and agreed that each Guarantor is fully responsible for being and keeping informed of the financial condition of Borrower and of all circumstances bearing on the risk of nonpayment of any indebtedness hereby guaranteed.

No Reliance by Guarantor. Each Guarantor acknowledges and agrees that he Guarantor has performed his its own independent investigation of the financial condition of Borrower and has not relied upon Lenders Lender for such investigation. Each Guarantor hereby waives and agrees not to assert or take advantage of any duty on the part of Lenders Lender to disclose to any Guarantor any facts it may now or hereunder know about Borrower or any collateral for the Loan, it being understood and agreed that each Guarantor is fully responsible for being and keeping informed of the financial condition of Borrower and of all circumstances bearing on the risk of nonpayment of any indebtedness hereby guaranteed.