Common use of Non-Reliance on Additional Agent Clause in Contracts

Non-Reliance on Additional Agent. Each Additional Purchaser expressly acknowledges that neither any Additional Agent, nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates has made any representations or warranties to it and that no act by such Additional Agent hereafter taken, including, without limitation, any review of the affairs of the Seller or the Servicer, shall be deemed to constitute any representation or warranty by such Additional Agent. Each Additional Purchaser represents and warrants to the related Additional Agent that it has and will, independently and without reliance upon such Additional Agent, such Additional Purchaser and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, prospects, financial and other conditions and creditworthiness of the Seller and made its own decision to enter into this Agreement, the other Transaction Documents and all other documents related hereto or thereto.

Appears in 10 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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Non-Reliance on Additional Agent. Each Additional Purchaser expressly acknowledges that neither any Additional Agent, nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates has made any representations or warranties to it and that no act by such Additional Agent hereafter taken, including, without limitation, any review of the affairs of the Seller Sellers or the Servicer, shall be deemed to constitute any representation or warranty by such Additional Agent. Each Additional Purchaser represents and warrants to the related Additional Agent that it has and will, independently and without reliance upon such Additional Agent, such Additional Purchaser and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, prospects, financial and other conditions and creditworthiness of the Seller Sellers and made its own decision to enter into this Agreement, the other Transaction Documents and all other documents related hereto or thereto.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc), Sale and Servicing Agreement (Capitalsource Inc)

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