Common use of No Reliance by Others Clause in Contracts

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.

Appears in 3 contracts

Samples: Loan Agreement (Boots & Coots International Well Control Inc), Loan Agreement (Boots & Coots International Well Control Inc), Loan Agreement (Boots & Coots International Well Control Inc)

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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 Seller nor any Lender Purchaser shall incur any liability to Borrower or any other Obligor or any other Person for any act or omission of the other.

Appears in 2 contracts

Samples: Loan Agreement (Boots & Coots International Well Control Inc), Loan Agreement (Boots & Coots International Well Control Inc)

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