Common use of No Responsibility for Representations or Validity, etc Clause in Contracts

No Responsibility for Representations or Validity, etc. Each Bank agrees that Agent shall not be responsible to any Bank for any representations, statements, or warranties of Borrowers herein. Agent will promptly deliver to Banks such reports, notices and material information which it receives from Borrowers. Neither Agent nor any of its directors, officers, employees or agents shall be responsible for the validity, effectiveness, sufficiency, perfection or enforceability of this Agreement or any documents relating thereto.

Appears in 2 contracts

Samples: Credit Agreement (Sunsource Inc), Credit Agreement (Sunsource Inc)

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No Responsibility for Representations or Validity, etc. Each Bank agrees that Agent shall not be responsible to any Bank for any representations, statements, or warranties of Borrowers herein. Agent will promptly deliver to Banks such reports, notices and material information which it receives from BorrowersBorrower herein or in the other Loan Documents. Neither Agent nor any of its directors, officers, employees or agents agents, shall be responsible for the validity, effectiveness, sufficiency, perfection or enforceability of this Agreement or the other Loan Documents, or any collateral, or any documents relating theretothereto or for the priority of any of Banks' security interests in any such collateral.

Appears in 1 contract

Samples: Credit Agreement (Nichols Research Corp /Al/)

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No Responsibility for Representations or Validity, etc. Each ------------------------------------------------------ Bank agrees that Agent shall not be responsible to any Bank for any representations, statements, or warranties of Borrowers Borrower herein. Agent will promptly deliver to Banks such reports, notices and material information which it receives from Borrowers. Neither Agent nor any of its directors, officers, employees or agents shall be responsible for the validity, effectiveness, sufficiency, perfection or enforceability of this Agreement and any Collateral, or any documents relating theretothereto or for the priority of any of Banks' security interests in any such Collateral.

Appears in 1 contract

Samples: Credit Agreement (Home Health Corp of America Inc \Pa\)

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