Common use of Non-Liability of the Bank Clause in Contracts

Non-Liability of the Bank. The relationship between the Borrower and the Bank created by this agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The Borrower is exercising the Borrower's own judgement with respect to the Borrower's business. All information supplied to the Bank is for the Bank's protection only and no other party is entitled to rely on such information. There is no duty for Bank to review, inspect, supervise or inform the Borrower of any matter with respect to the Borrower's business. The Bank and the Borrower intend that the Bank may reasonably rely on all information supplied by the Borrower to the Bank, together with all representations and warranties given by the Borrower to the Bank, without investigation or confirmation by the Bank and that any investigation or failure to investigate will not diminish the Bank's right to so rely.

Appears in 10 contracts

Samples: Credit Agreement (Advanced Materials Group, Inc.), Credit Agreement (Tandy Leather Factory Inc), Credit Agreement (Mace Security International Inc)

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Non-Liability of the Bank. The relationship between of the Borrower and the Bank created by this agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The Borrower is exercising the Borrower's ’s own judgement with respect to the Borrower's ’s business. All information supplied to the Bank is for the Bank's ’s protection only and no other party is entitled to rely on such information. There is no duty for Bank to review, inspect, supervise or inform the Borrower of any matter with respect to the Borrower's ’s business. The Bank and the Borrower intend intent that the Bank may reasonably rely on all information supplied by the Borrower or any other Parties to the Bank, together with all representations and warranties given by the Borrower and the other Parties to the Bank, without investigation or confirmation by the Bank and that any investigation or failure to investigate will not diminish the Bank's ’s right to so rely.

Appears in 2 contracts

Samples: Credit Agreement (Clarkston Financial Corp), Credit Agreement (Park National Corp /Oh/)

Non-Liability of the Bank. The relationship between the Borrower and the Bank created by this agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The Borrower is exercising the Borrower's ’s own judgement with respect to the Borrower's ’s business. All information supplied to the Bank is for the Bank's ’s protection only and no other party is entitled to rely on such information. There is no duty for Bank to review, inspect, supervise or inform the Borrower of any matter with respect to the Borrower's ’s business. The Bank and the Borrower intend that the Bank may reasonably rely on all information supplied by the Borrower to the Bank, together with all representations and warranties given by the Borrower to the Bank, without investigation or confirmation by the Bank and that any investigation or failure to investigate will not diminish the Bank's ’s right to so rely.

Appears in 2 contracts

Samples: Credit Agreement (Cavco Industries Inc), Credit Agreement (Harris Interactive Inc)

Non-Liability of the Bank. The relationship between the Borrower and the Bank created by this agreement Agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The Borrower is exercising the Borrower's ’s own judgement judgment with respect to the Borrower's ’s business. All information supplied to the Bank is for the Bank's ’s protection only and no other party is entitled to rely on such information. There is no duty for Bank to review, inspect, supervise or inform the Borrower of any matter with respect to the Borrower's ’s business. The Bank and the Borrower intend that the Bank may reasonably rely on all information supplied by the Borrower to the Bank, together with all representations and warranties given by the Borrower to the Bank, without investigation or confirmation by the Bank and that any investigation or failure to investigate will not diminish the Bank's ’s right to so rely.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Medical Transcription Billing, Corp)

Non-Liability of the Bank. The relationship between of the Borrower and the Bank created by this agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The Borrower is exercising the Borrower's ’s own judgement judgment with respect to the Borrower's its business. All information supplied to the Bank is for the Bank's ’s protection only and no other party is entitled to rely on such information. There is no duty for the Bank to review, inspect, supervise or inform the Borrower of any matter with respect to the Borrower's its business. The Bank and the Borrower intend that the Bank may reasonably rely on all information supplied by the Borrower or any other Parties to the Bank, together with all representations and warranties given by the Borrower and the other Parties to the Bank, without investigation or confirmation by the Bank and that any investigation or failure to investigate will not diminish the Bank's ’s right to so rely.

Appears in 1 contract

Samples: Credit Agreement (United Western Bancorp Inc)

Non-Liability of the Bank. The relationship between the Borrower and the Bank created by this agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The , the Borrower is exercising excercising the Borrower's ’s own judgement with respect to the Borrower's ’s business. All information supplied to the Bank is for the Bank's ’s protection only and no other party is entitled to rely on such information. There is no duty for Bank to review, inspectimpact, supervise or inform the Borrower of any matter with respect to the Borrower's ’s business. The Bank and the Borrower intend that the Bank may reasonably rely on all information supplied by the Borrower to the be Bank, together with all representations representation and warranties given by the Borrower to the Bank, without investigation or confirmation by the Bank and that any investigation investigations or failure to investigate will not diminish the Bank's ’s right to so rely.

Appears in 1 contract

Samples: Credit Agreement (Ari Network Services Inc /Wi)

Non-Liability of the Bank. The relationship between of the Borrower and the Bank created by this agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The Borrower is exercising the Borrower's ’s own judgement with respect to the Borrower's business. All information supplied to the Bank is for the Bank's protection only and no other party is entitled to rely on such information. There is no duty for Bank to review, inspect, supervise or inform the Borrower of any matter with respect to the Borrower's business. The Bank and the Borrower intend that the Bank may reasonably rely on all information supplied by the Borrower or any other Parties to the Bank, together with all representations and warranties given by the Borrower and the other Parties to the Bank, without investigation or confirmation by the Bank and that any investigation or failure to investigate will not diminish the Bank's right to so rely.

Appears in 1 contract

Samples: Credit Agreement (Wesbanco Inc)

Non-Liability of the Bank. The relationship between of the Borrower and the Bank created by this agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The Borrower is exercising the Borrower's own judgement with respect to the Borrower's business. All information supplied to the Bank is for the Bank's protection only and no other party is entitled to rely on such information. There is no duty for Bank to review, inspect, supervise or inform the Borrower of any matter with respect to the Borrower's business. The Bank and the Borrower intend intent that the Bank may reasonably rely on all information supplied by the Borrower or any other Parties to to the Bank, together with all representations and warranties given by the Borrower and the other Parties to the Bank, without investigation or confirmation by the Bank and that any investigation or failure to investigate will not diminish the Bank's right to so rely.

Appears in 1 contract

Samples: Credit Agreement (Main Street Trust Inc)

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Non-Liability of the Bank. The relationship between the Borrower and the Bank created by this agreement Agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The Borrower is exercising the Borrower's own judgement judgment with respect to the Borrower's business. All information supplied to the Bank is for the Bank's protection only and no other party is entitled to rely on such information. There is no duty for the Bank to review, inspect, supervise or inform the Borrower of any matter with respect to the Borrower's business. The Bank and the Borrower intend that the that Bank may reasonably rely on all information I\15453359.12 supplied by the Borrower to the Bank, together with all representations and warranties given by the Borrower to the Bank, without investigation or confirmation by the Bank and that any investigation or failure to investigate will not diminish the Bank's right to so rely.

Appears in 1 contract

Samples: Loan and Security Agreement (AquaBounty Technologies, Inc.)

Non-Liability of the Bank. The relationship between the Borrower and the Bank created by this agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The Borrower is exercising the Borrower's ’s own judgement judgment with respect to the Borrower's ’s business. All information supplied to the Bank is for the Bank's ’s protection only and no other party is entitled to rely on such information. There is no duty for Bank to review, inspect, supervise or inform the Borrower of any matter with respect to the Borrower's ’s business. The Bank and the Borrower intend that the Bank may reasonably rely on all information supplied by the Borrower to the Bank, together with all representations and warranties given by the Borrower to the Bank, without investigation or confirmation by the Bank and that any investigation or failure to investigate will not diminish the Bank's ’s right to so rely.

Appears in 1 contract

Samples: Credit Agreement (Tii Network Technologies, Inc.)

Non-Liability of the Bank. The relationship between of the Borrower and the Bank created by this agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The Borrower is exercising the Borrower's ’s own judgement judgment with respect to the Borrower's its business. All information supplied to the Bank is for the Bank's ’s protection only and no other party is entitled to rely on such information. There is no duty for the Bank to review, inspect, supervise or inform the Borrower of any matter with respect to the Borrower's its business. The Bank and the Borrower intend that the Bank may reasonably rely on all information supplied by the Borrower or any other Parties to the Bank, together with all representations and warranties given by the Borrower and the other Parties to the Bank, without investigation or confirmation by the Bank and that any investigation or failure to investigate will not diminish the Bank's ’s right to so rely.

Appears in 1 contract

Samples: Credit Agreement (Plains Capital Corp)

Non-Liability of the Bank. The relationship between the Borrower and the Bank created by this agreement is strictly a debtor and creditor relationship and not fiduciary in nature, nor is the relationship to be construed as creating any partnership or joint venture between the Bank and the Borrower. The Borrower is exercising the Borrower's own judgement judgment with respect to the Borrower's business. All information supplied to the Bank is for the Bank's protection only and no other party is entitled to rely on such information. There is no duty for Bank to review, inspect, supervise or inform the Borrower of any matter with respect to the Borrower's business. The Bank and the Borrower intend that the Bank may reasonably rely on all information supplied by the Borrower to the Bank, together with all representations and warranties given by the Borrower to the Bank, without investigation or confirmation by the Bank and that any investigation or failure to investigate will not diminish the Bank's right to so rely.

Appears in 1 contract

Samples: Credit Agreement (Interphase Corp)

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