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

Non-Reliance on Agents and Other Banks. Each Bank agrees that it has, independently and without reliance on the Administrative Agent or any other Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower and the Subsidiaries and decision to enter into this Agreement and that it will, independently and without reliance upon the Administrative Agent or any other 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. Neither the Administrative Agent nor any other Agent shall be required to keep itself informed as to the performance or observance by the Borrower of this Agreement or any other document referred to or provided for herein or to inspect the properties or books of the Borrower or any Subsidiary. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Administrative Agent hereunder, neither the Administrative Agent nor any other Agent shall 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 Subsidiary (or any of their Affiliates) which may come into the possession of the Administrative Agent or any other Agent or any of its affiliates.

Non-Reliance on Agents and Other Banks. Each Bank agrees that it has received current financial information with respect to the Parent and its Subsidiaries and that it has, independently and without reliance on the Administrative Agent Agents or any other Agent or any other Bank, Bank and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower Parent and the its Subsidiaries and decision to enter into this Agreement and that it will, independently and without reliance upon the Administrative Agent or any other Agent Agents 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. Neither the Administrative Agent nor any other Agent The Agents shall not be required to keep itself themselves informed as to the performance or observance by the Borrower any Relevant Party of this Agreement Agreement, the Bankers' Acceptances, the Letters of Credit or any of the other Loan Documents or any other document referred to or provided for herein or therein or to inspect the properties or books of the Borrower Parent or any Subsidiaryits Subsidiaries. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Administrative Agent Agents hereunder, neither under the Administrative Agent nor any Bankers' Acceptances, under the Letters of Credit or the other Agent Loan Documents, the Agents 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 Parent or any Subsidiary its Subsidiaries (or any of their Affiliates) which may come into the possession of the Administrative Agent or any other Agent or any of its affiliatesAgents.

Non-Reliance on Agents and Other Banks. Each Bank agrees that it has, independently and without reliance on the Administrative Agent or any other Agent Agents or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower and the Subsidiaries and decision to enter into this Agreement and that it will, independently and without reliance upon the Administrative Agent or any other Agent Agents 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. Neither the Administrative Agent nor any other Agent The Agents shall not be required to keep itself themselves (or any Bank) informed as to the performance or observance by the Borrower of this Agreement or any of the other Loan Documents or any other document referred to or provided for herein or therein or to inspect the properties or books of the Borrower or any Subsidiaryother Person. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by such Agent hereunder or under the Administrative Agent hereunderother Loan Documents, neither the Administrative Agent nor any other each 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 Subsidiary other Person (or any of their Affiliates) which may come into the possession of the Administrative Agent or any other Agent or any of its affiliatessuch Agent.