No Reliance by Others Sample Clauses

No Reliance by Others. None of the provisions of this Amendment shall inure to the benefit of Borrower or any other Obligor or any Person other than Lenders and Agent; consequently, neither Borrower or any other Obligor shall be, and no Person other than the Lenders and Agent shall be, entitled to rely upon or raise as a claim or defense, in any manner whatsoever, the failure of Lenders and Agent to comply with the provisions of this Amendment. Neither the Agent nor any Lender shall incur any liability to Borrower or any other Obligor or any other Person for any act or omission of the other.
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No Reliance by Others. None of the provisions of this Amendment shall inure to the benefit of Obligors or any Person other than Bank; consequently, Obligors shall not be, and no Person other than the Bank shall be, entitled to rely upon or raise as a claim or defense, in any manner whatsoever, the failure of Bank to comply with the provisions of this Amendment. Bank shall not incur any liability to Obligors or any other Person for any act or omission of the other.
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No Reliance by Others. Except as provided above in the introductory paragraph to this Article 20, none of the provisions of this Article 20 shall inure to the benefit of any person other than Lenders and Agent; consequently, neither Borrower nor any other person, shall be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure of any one of Lenders or Agent to comply with the provisions of this Article 20. None of the Lenders or Agent shall incur any liability to Borrower or any other person for any act or omission of the Lenders or Agent.
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No Reliance by Others. 98 20.17 LEGAL FEES........................................................... 99 20.18 TERMINATION.......................................................... 99 20.19 LITIGATION UNDER LOAN DOCUMENTS...................................... 99
Sample 1
No Reliance by Others. None of the provisions of this Agreement shall inure to the benefit of the REIT, either Senior Borrower or any guarantor or other party liable under any of the Senior Loan Documents or the Subordinated Loan Documents (collectively, the "Borrower Parties") or any person other than the Senior Agent, the Senior Lenders, the Subordinated Agent, the Subordinated Lenders and the Purchaser and their respective successors and assigns (collectively, the "Lender Parties"); consequently, no Borrower Party shall be entitled to rely upon or raise as a defense, in any manner whatsoever, the failure of any Party to comply with the provisions of this Agreement. No Lender Party shall incur any liability to any Borrower Party or any other person (other than a Lender Party) for any act or omission of such Lender Party hereunder.
Sample 1
No Reliance by Others. None of the provisions of this Agreement shall inure to the benefit of the Borrowers, the Guarantor, any other Additional Pledgor or any person other than the Banks and Agent; consequently, neither the Borrowers, the Guarantor nor the Additional Pledgors shall be, and no person other than the Banks and Agent shall be, entitled to rely upon or raise as a defense, in any manner whatsoever, the failure of either Bank or Agent to comply with the provisions of this Agreement. Neither the Banks nor the Agent shall incur any liability to the Borrowers, the Guarantor, the other Additional Pledgors or any other person for any act or omission of the Banks or Agent.
Sample 1
No Reliance by Others. None of the provisions of this Agreement shall inure to the benefit of Borrowers, Guarantor or any Person other than the Banks and Agent; consequently, neither any Borrower nor Guarantor shall be, and no Person other than the Banks and Agent shall be, entitled to rely upon or raise as a defense, in any manner whatsoever, the failure of any Bank or Agent to comply with the provisions of this Agreement. Neither the Banks nor the Agent shall incur any liability to Borrowers, Guarantor or any other Person for any act or omission of the Banks or Agent.
Sample 1
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No Reliance by Others. None of the provisions of this Agreement shall inure to the benefit of the Borrower or any Person other than Lenders; consequently, the Borrower shall not be, and no Person other than Lenders shall be, entitled to rely upon or raise as a defense, in any manner whatsoever, the failure of either Lender to comply with the provisions of this Agreement. No Lender shall incur any liability to the Borrower or any other Person for any act or omission of any other Lender.
Sample 1

Related to No Reliance by Others

  • No Reliance The Company has not relied upon the Agent or legal counsel for the Agent for any legal, tax or accounting advice in connection with the offering and sale of the Placement Shares.

  • No Reliance, etc Company confirms that it has relied on the advice of its own counsel and other advisors (to the extent it deems appropriate) with respect to any legal, tax, accounting, or regulatory consequences of this Agreement, that it has not relied on Dealer or its affiliates in any respect in connection therewith, and that it will not hold Dealer or its affiliates accountable for any such consequences.

  • Reliance by Parent The Stockholder understands and acknowledges that Parent is entering into the Merger Agreement in reliance upon the Stockholder’s execution and delivery of this Agreement.

  • No Reliance; Information Each Collateral Agent, for itself and on behalf of the applicable other Secured Parties, acknowledges that (a) it and such Secured Parties have, independently and without reliance upon, in the case of the First Lien Secured Parties, any Second Lien Secured Party and, in the case of the Second Lien Secured Parties, any First Lien Secured Party, and based on such documents and information as they have deemed appropriate, made their own credit analysis and decision to enter into the Loan Documents to which they are party and (b) it and such Secured Parties will, independently and without reliance upon, in the case of the First Lien Secured Parties, any Second Lien Secured Party and, in the case of the Second Lien Secured Parties, any First Lien Secured Party, and based on such documents and information as they shall from time to time deem appropriate, continue to make their own credit decision in taking or not taking any action under this Agreement or any other Loan Document to which they are party. The First Lien Secured Parties and the Second Lien Secured Parties shall have no duty to disclose to any Second Lien Secured Party or to any First Lien Secured Party, respectively, any information relating to the Borrower, Holdings or any of the Subsidiaries, or any other circumstance bearing upon the risk of nonpayment of any of the First Lien Obligations or the Second Lien Obligations, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Lien Secured Party or any Second Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Lien Secured Party or any First Lien Secured Party, it shall be under no obligation (i) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (ii) to provide any additional information or to provide any such information on any subsequent occasion or (iii) to undertake any investigation.

  • No Reliance on Lender The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property. Borrower is not relying on Lender's expertise, business acumen or advice in connection with the Property.

  • Reliance on Others The Company confirms that it will rely on its own counsel and accountants for legal and accounting advice.

  • Reliance by Company Subscriber represents to the Company that the representations and warranties of Subscriber contained herein are complete and accurate and may be relied upon by the Company in determining the availability of an exemption from registration under federal and state securities laws in connection with a private offering of securities.

  • No Reliance on Documents Except as expressly stated herein, Seller makes no representation or warranty as to the truth, accuracy or completeness of any materials, data or information delivered by Seller to Purchaser in connection with the transaction contemplated hereby. Purchaser acknowledges and agrees that all materials, data and information delivered by Seller to Purchaser in connection with the transaction contemplated hereby are provided to Purchaser as a convenience only and that any reliance on or use of such materials, data or information by Purchaser shall be at the sole risk of Purchaser, except as otherwise expressly stated herein. Without limiting the generality of the foregoing provisions, Purchaser acknowledges and agrees that (a) any environmental or other report with respect to the Property which is delivered by Seller to Purchaser shall be for general informational purposes only, (b) Purchaser shall not have any right to rely on any such report delivered by Seller to Purchaser, but rather will rely on its own inspections and investigations of the Property and any reports commissioned by Purchaser with respect thereto, and (c) neither Seller, any affiliate of Seller nor the person or entity which prepared any such report delivered by Seller to Purchaser shall have any liability to Purchaser for any inaccuracy in or omission from any such report or in verbal communication.

  • Reliance by Agent Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, resolution, notice, consent, certificate, affidavit, letter, telegram, telefacsimile or other electronic method of transmission, telex or telephone message, statement or other document or conversation believed by it to be genuine and correct and to have been signed, sent, or made by the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to Borrowers or counsel to any Lender), independent accountants and other experts selected by Agent. Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless Agent shall first receive such advice or concurrence of the Lenders as it deems appropriate and until such instructions are received, Agent shall act, or refrain from acting, as it deems advisable. If Agent so requests, it shall first be indemnified to its reasonable satisfaction by the Lenders (and, if it so elects, the Bank Product Providers) against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Lenders (and Bank Product Providers).

  • Reliance by Agents (a) Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature, resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message, electronic mail message, statement or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to any Loan Party), independent accountants and other experts selected by such Agent. Each Agent shall be fully justified in failing or refusing to take any action under any Loan Document unless it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders (or such greater number of Lenders as may be expressly required hereby in any instance) and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders.

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