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

Non-Reliance on Administrative Agent. Each New Term Lender represents to the Administrative Agent and the Collateral Agent that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent or any Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decisions to make its New Term Loans hereunder and enter into this Amendment. Each New Term Lender also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent or any Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Amendment, the Third Amended and Restated Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates.

Appears in 1 contract

Samples: Assignment and Assumption (Freescale Semiconductor, Ltd.)

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Non-Reliance on Administrative Agent. Each New Tranche B-2 Term Lender represents to the Administrative Agent and the Collateral Agent that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent or any Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decisions to make its New Tranche B-2 Term Loans hereunder and enter into this Amendment. Each New Tranche B-2 Term Lender also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent or any Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Amendment, the Third Second Amended and Restated Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates.

Appears in 1 contract

Samples: Assignment and Assumption (Freescale Semiconductor Holdings I, Ltd.)

Non-Reliance on Administrative Agent. Each New Term Revolving Credit Lender represents to the Administrative Agent and the Collateral Agent that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent or any Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decisions to make provide its New Term Loans Revolving Credit Commitment hereunder and enter into this Amendment. Each New Term Revolving Credit Lender also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent or any Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Amendment, the Third Amended and Restated Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates.

Appears in 1 contract

Samples: Credit Agreement (Freescale Semiconductor, Ltd.)

Non-Reliance on Administrative Agent. Each New Term of the Replacement Lender represents to the Administrative Agent and the Collateral Agent Consenting Lenders acknowledges that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent any Fifth Amendment Arranger or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decisions to make its New Term Loans hereunder and enter into this Amendment. Each New Term of the Replacement Lender and the Consenting Lenders also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent any Fifth Amendment Arranger or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Amendment, the Third Amended and Restated Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates.

Appears in 1 contract

Samples: Fifth Amendment (Intrawest Resorts Holdings, Inc.)

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Non-Reliance on Administrative Agent. Each New Term of the Replacement Lender represents to the Administrative Agent and the Collateral Agent Consenting Lenders acknowledges that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent any Second Amendment Arranger or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decisions to make its New Term Loans hereunder and enter into this Amendment. Each New Term of the Replacement Lender and the Consenting Lenders also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent any Second Amendment Arranger or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Amendment, the Third Amended and Restated Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates.

Appears in 1 contract

Samples: Second Amendment (Intrawest Resorts Holdings, Inc.)

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