Common use of Non-Reliance on Administrative Agents and Other Lenders Clause in Contracts

Non-Reliance on Administrative Agents and Other Lenders. Each Lender expressly acknowledges that neither Administrative Agent or 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 either Administrative Agent hereinafter taken, including any review of the affairs of the Company, shall be deemed to constitute any representation or warranty by either Administrative Agent to any Lender. Each Lender represents to the Administrative Agents that it has, independently and without reliance upon either Administrative Agent 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 Borrowers and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon the Administrative Agents 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 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 Borrowers. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agents hereunder, neither Administrative Agent shall have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of the Borrowers which may come into the possession of either Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.

Appears in 2 contracts

Samples: Credit Agreement (Outdoor Systems Inc), Credit Agreement (Outdoor Systems Inc)

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Non-Reliance on Administrative Agents and Other Lenders. Each ------------------------------------------------------- Lender expressly acknowledges that neither Administrative Agent or 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 either Administrative Agent hereinafter taken, including any review of the affairs of the Companyeither Borrower, shall be deemed to constitute any representation or warranty by either such Administrative Agent to any Lender. Each Lender represents to the Administrative Agents that it has, independently and without reliance upon either Administrative Agent 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 Borrowers either Borrower and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon the either Administrative Agents Agent 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 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 Borrowersany Loan Party. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agents hereunder, neither Administrative Agent shall have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of the Borrowers any Loan Party which may come into the possession of either such Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.

Appears in 2 contracts

Samples: Credit Agreement (Pierce Leahy Corp), Credit Agreement (Pierce Leahy Corp)

Non-Reliance on Administrative Agents and Other Lenders. (a) Each Lender expressly acknowledges that neither Administrative Agent or nor any of its respective officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by either Administrative Agent hereinafter taken, including any review of the affairs of the CompanyCompany or the Canadian Borrower, shall be deemed to constitute any representation or warranty by either such Administrative Agent to any Lender. Each Lender represents to the each Administrative Agents Agent that it has, independently and without reliance upon either such Administrative Agent 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 112 106 creditworthiness of the Borrowers Company and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon the either Administrative Agents Agent 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 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 BorrowersCompany. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the such Administrative Agents Agent hereunder, neither each Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of the Borrowers Company or the Canadian Borrower which may come into the possession of either such Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.

Appears in 1 contract

Samples: Credit Agreement (Laidlaw Environmental Services Inc)

Non-Reliance on Administrative Agents and Other Lenders. (a) Each Lender expressly acknowledges that neither Administrative Agent or nor any of its respective officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by either Administrative Agent hereinafter taken, including any review of the affairs of the CompanyCompany or the Canadian Borrower, shall be deemed to constitute any representation or warranty by either such Administrative Agent to any Lender. Each Lender represents to the each Administrative Agents Agent that it has, independently and without reliance upon either such Administrative Agent 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 Borrowers Company and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon the either Administrative Agents Agent 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 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 BorrowersCompany. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the such Administrative Agents Agent hereunder, neither each Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of the Borrowers Company or the Canadian Borrower which may come into the possession of either such Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Laidlaw Environmental Services Inc)

Non-Reliance on Administrative Agents and Other Lenders. Each Lender expressly acknowledges that neither any Administrative Agent or nor any of its officers, directors, employees, sub-agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by either any of the Administrative Agent Agents hereinafter taken, including any review of the affairs of the CompanyBorrowers, shall be deemed to constitute any representation or warranty by either any Administrative Agent to any Lender. Each Lender represents to the Administrative Agents that it has, independently and without reliance upon either the Administrative Agent Agents 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 Borrowers and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon the any Administrative Agents Agent 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 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 Borrowers. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agents hereunder, neither none of the Administrative Agent Agents shall have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects ) or creditworthiness of the Borrowers which may come into the possession of either the Administrative Agent Agents or any of its their respective officers, directors, employees, sub-agents, attorneys-in-fact or Affiliates.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Reebok International LTD)

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Non-Reliance on Administrative Agents and Other Lenders. (a) Each Lender expressly acknowledges that neither Administrative Agent or nor any of its respective officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by either Administrative Agent hereinafter taken, including any review of the affairs of the CompanyCompany or the Canadian Borrower, shall be deemed to constitute any representation or warranty by either such Administrative Agent to any Lender. Each Lender represents to the each Administrative Agents Agent that it has, independently and without reliance upon either such Administrative Agent 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 Borrowers Company and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon the either Administrative Agents Agent 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 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 103 and creditworthiness of the BorrowersCompany. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the such Administrative Agents Agent hereunder, neither each Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of the Borrowers Company or the Canadian Borrower which may come into the possession of either such Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.

Appears in 1 contract

Samples: Credit Agreement (Safety Kleen Corp/)

Non-Reliance on Administrative Agents and Other Lenders. (a) Each Lender expressly acknowledges that neither Administrative Agent or nor any of its respective officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by either Administrative Agent hereinafter taken, including any review of the affairs of the CompanyCompany or the Canadian Borrower, shall be deemed to constitute any representation or warranty by either such Administrative Agent to any Lender. Each Lender represents to the each Administrative Agents Agent that it has, independently and without reliance upon either such Administrative Agent 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 Borrowers Company and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon the either Administrative Agents Agent 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 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 BorrowersCompany. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the such Administrative Agents Agent hereunder, neither each Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of the Borrowers Company or the Canadian 103 103 Borrower which may come into the possession of either such Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.

Appears in 1 contract

Samples: Credit Agreement (Laidlaw Environmental Services Inc)

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