Common use of Non-Reliance on Agent and Other Banks Clause in Contracts

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower and its own decision to enter into this Agreement and that it will, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person of this Agreement or any other Credit Document or in respect of the properties or books of the Borrower or any other Person. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower (or Affiliates) which may come into its possession or into the possession of any of its Affiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower and each Subsidiary and its own decision to enter into the transactions contemplated by this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person of this Agreement or any other Credit Document or in respect of to inspect the properties or books of the Borrower or any other PersonSubsidiary. Except for notices, reports reports, and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition condition, or business of the Borrower or any Subsidiary (or any of their Affiliates) which may come into its possession or into the possession of the Agent or any of its Affiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower and each Subsidiary and its own decision to enter into the transactions contemplated by this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person of this Agreement or any other Credit Document or in respect of to inspect the properties or books of Panhandle Eastern, the Borrower or any other PersonSubsidiary. Except for notices, reports reports, and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition condition, or business of Southern Union, Panhandle Eastern, the Borrower or any Subsidiary (or any of their Affiliates) which may come into its possession or into the possession of the Agent or any of its Affiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower Company and its own Affiliates and decision to enter into this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person Company of this Agreement or any other Credit Document document referred to or in respect of provided for herein or to inspect the properties or books of the Borrower Company or any other Personof its Affiliates. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower (Company or Affiliates) any of its Affiliates which may come into its possession or into the possession of the Agent or any of its Affiliatesaffiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower and each Subsidiary and its own decision to enter into the transactions contemplated by this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person of this Agreement or any other Credit Document or in respect of to inspect the properties or books of Panhandle, the Borrower or any other PersonSubsidiary. Except for notices, reports reports, and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition condition, or business of Southern Union, Panhandle, the Borrower or any Subsidiary (or any of their Affiliates) which may come into its possession or into the possession of the Agent or any of its Affiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower Borrowers and its own the Guarantors and decision to enter into this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this AgreementAgreement or any of the other Loan Documents. The Agent shall not be required to keep itself (or any Bank) informed as to the performance or observance by the Borrower or any other Person Borrowers of this Agreement or any of the other Credit Document Loan Documents or in respect of any other document referred to or provided for herein or therein or to inspect the properties or books of the Borrower Borrowers or any other Person. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunderhereunder or under the other Loan Documents, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower Borrowers or any other Person (or any of their Affiliates) which may come into its possession or into the possession of any of its Affiliatesthe Agent.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made conducted its own credit analysis and evaluation of the Borrower and its own made a decision to enter into this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself (or any Bank) informed as to the performance or observance by the Borrower or any other Person of this Agreement or any other Credit Document document referred to or in respect of provided for herein or therein or to inspect the properties or books of the Borrower or any other Person. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower (or Affiliates) any other Person which may come into its possession or into the possession of any of its Affiliatesthe Agent.

Non-Reliance on Agent and Other Banks. Each Bank ------------------------------------- agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower and each Subsidiary and its own decision to enter into the transactions contemplated by this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person of this Agreement or any other Credit Document or in respect of to inspect the properties or books of the Borrower or any other PersonSubsidiary. Except for notices, reports reports, and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition condition, or business of the Borrower or any Subsidiary (or any of their Affiliates) which may come into its possession or into the possession of the Agent or any of its Affiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower Iusacell and its own Subsidiaries and decision to enter into this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this AgreementAgreement or under any other Basic Document. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person Xxxxxxxx of this Agreement or any other Credit Document or in respect of the properties or books of the Borrower other Basic Documents or any other Persondocument referred to or provided for herein or therein. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower Iusacell or any of its Subsidiaries (or Affiliatesany of their affiliates) which that may come into its possession or into the possession of the Agent or any of its Affiliatesaffiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower and its own the decision to enter into this Agreement Agreement, and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person of this Agreement or any other Credit Document document referred to or in respect of provided for herein or to inspect the properties or books of the Borrower or any other PersonSubsidiary thereof. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunderunder this Agreement, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower (or Affiliates) which any Affiliate thereof that may come into its possession or into the possession of the Agent or any of its Affiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower and its own decision to enter into this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person of this Agreement or any other Credit Document instrument, document or in respect of agreement referred to or provided for herein or to inspect the properties or books of the Borrower or any other PersonBorrower. Except for noticesnotice, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower (or any of its Affiliates) which may come into its possession or into the possession of the Agent or any of its Affiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower Company and its own Subsidiaries and decision to enter into this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person Company of this Agreement or any other Credit Document document referred to or in respect of provided for herein or to inspect the properties or books of the Borrower Company or any other Personof its Subsidiaries. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower Company or any of its Subsidiaries (or any of their Affiliates) which may come into its possession or into the possession of the Agent or any of its Affiliatesaffiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower Company and its own Subsidiaries and decision to enter into this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person Company of this Agreement or any other Credit Document document referred to or in respect of provided for herein or to inspect the properties or books of the Borrower Company or any other Personof its Subsidiaries. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower Company or any of its Subsidiaries (or Affiliatesany of their affiliates) which may come into its possession or into the possession of the Agent or any of its Affiliatesaffiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower Company and its Subsidiaries and Fibreboard and its Subsidiaries and its own decision to enter into this Agreement Agreement, and that it will, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person Company of this Agreement or any other Credit Document document referred to or in respect of provided for herein or to inspect the properties or books of the Borrower Company or any other PersonSubsidiary. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunderunder this Agreement, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower (Company or Affiliates) which any of its Subsidiaries or Affiliates that may come into its possession or into the possession of the Agent or any of its Subsidiaries or Affiliates.

Non-Reliance on Agent and Other Banks. Each Bank ------------------------------------- agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information infor- mation as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower and each Subsidiary and its own decision to enter into the transactions contemplated by this Agreement and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person of this Agreement or any other Credit Document or in respect of to inspect the properties or books of the Borrower or any other PersonSubsidiary. Except for notices, reports reports, and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition condition, or business of the Borrower or any Subsidiary (or any of their Affiliates) which may come into its possession or into the possession of the Agent or any of its Affiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower Loan Parties and its own decision to enter into this Agreement the transactions contemplated by the Loan Documents and that it will, independently and without reliance on upon the Agent or any other Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreementany Loan Document. The Agent shall not be required to keep itself informed as to the performance or observance by the any Borrower or of any other Person of this Agreement or any other Credit Loan Document or in respect of to inspect the properties or books of the Borrower or any other PersonBorrower. Except for notices, reports reports, and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition condition, or business of the any Borrower (or any of their Affiliates) which may come into its possession or into the possession of the Agent or any of its Affiliates.