No Reliance; Information. The First-Out Secured Parties and the Second-Out Secured Parties shall have no duty to disclose to any Second-Out Secured Party or to any First-Out Secured Party, respectively, any information relating to the Borrower or any of the other Grantors, or any other circumstance bearing upon the risk of non-payment of any of the First-Out Obligations or the Second-Out Obligations, respectively, that is known or becomes known to any of them or any of their Affiliates. In the event any First-Out Secured Party or any Second-Out Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, any Second-Out Secured Party or any First-Out Secured Party, respectively, it shall be under no obligation (a) 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, (b) to provide any additional information or to provide any such information on any subsequent occasion or (c) to undertake any investigation.
Appears in 5 contracts
Samples: Credit Agreement, Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp)
No Reliance; Information. The First-Out Revolver Secured Parties and the Second-Out Term Loan Secured Parties shall have no duty to disclose to any Second-Out Term Loan Secured Party or to any First-Out Revolver Secured Party, respectively, any information relating to the Borrower or any of the other Grantors, or any other circumstance bearing upon the risk of non-payment of any of the First-Out Revolver Obligations or the Second-Out Term Loan Obligations, respectively, that is known or becomes known to any of them or any of their Affiliates. In the event any First-Out Revolver Secured Party or any Second-Out Term Loan Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, any Second-Out Term Loan Secured Party or any First-Out Revolver Secured Party, respectively, it shall be under no obligation (a) 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, (b) to provide any additional information or to provide any such information on any subsequent occasion or (c) to undertake any investigation.
Appears in 3 contracts
Samples: Collateral Trust Agreement, Collateral Trust Agreement (Chesapeake Energy Corp), Term Loan Agreement (Chesapeake Energy Corp)
No Reliance; Information. The First-Out Revolver Secured Parties and the Second-Out FLLO Secured Parties shall have no duty to disclose to any Second-Out FLLO Secured Party or to any First-Out Revolver Secured Party, respectively, any information relating to the Borrower or any of the other Grantors, or any other circumstance bearing upon the risk of non-payment of any of the First-Out Revolver Obligations or the Second-Out FLLO Obligations, respectively, that is known or becomes known to any of them or any of their Affiliates. In the event any First-Out Revolver Secured Party or any Second-Out FLLO Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, any Second-Out FLLO Secured Party or any First-Out Revolver Secured Party, respectively, it shall be under no obligation (a) 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, (b) to provide any additional information or to provide any such information on any subsequent occasion or (c) to undertake any investigation.
Appears in 1 contract
Samples: Collateral Trust Agreement (Chesapeake Energy Corp)