Common use of Non-reliance on Funding Agent Clause in Contracts

Non-reliance on Funding Agent. Each of the APA Banks and PARCO expressly acknowledges that neither the Funding 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 the Funding Agent hereafter taken, shall be deemed to constitute any representation or warranty by the Funding Agent. The Funding Agent shall not have any duty or responsibility to provide PARCO or any APA Bank with any credit or other information concerning the business, operations, property, prospects, financial and other condition or creditworthiness of the Transferor, NFC or the Servicer which may come into the possession of the Funding Agent or any of its officers, directors, employees, agents, attorneys-in-fact or affiliates.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Navistar Financial Retail Receivables Corporation)

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Non-reliance on Funding Agent. Each of the PARCO and each APA Banks and PARCO Bank expressly acknowledges that neither the Funding 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 the Funding Agent hereafter taken, including, without limitation, any review of the affairs of PARCO, the APA Banks or any Transaction Party, shall be deemed to constitute any representation or warranty by the Funding Agent. The Funding Agent shall not have any duty or responsibility to provide PARCO or any APA Bank with any credit or other information concerning the business, operations, property, prospects, financial and other condition or creditworthiness of PARCO, the Transferor, NFC APA Banks or the Servicer Transaction Parties which may come into the possession of the Funding Agent or any of its officers, directors, employees, agents, attorneys-in-fact or affiliates.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Collins & Aikman Corp)

Non-reliance on Funding Agent. Each of the PARCO and each APA Banks and PARCO Bank expressly acknowledges that neither the Funding Agent, nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates Affiliates has made any representations or warranties to it and that no act by the Funding Agent hereafter taken, including, without limitation, any review of the affairs of PARCO, the APA Banks or any Transaction Party, shall be deemed to constitute any representation or warranty by the Funding Agent. The Funding Agent shall not have any duty or responsibility to provide PARCO or any APA Bank with any credit or other information concerning the business, operations, property, prospects, financial and other condition or creditworthiness of PARCO, the Transferor, NFC APA Banks or the Servicer Transaction Parties which may come into the possession of the Funding Agent or any of its officers, directors, employees, agents, attorneys-in-fact or affiliatesAffiliates.

Appears in 1 contract

Samples: Asset Purchase Agreement (Idine Rewards Network Inc)

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Non-reliance on Funding Agent. Each PARCO and each of the APA Banks and PARCO expressly acknowledges that neither the Funding 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 the Funding Agent hereafter taken, including, without limitation, any review of the affairs of PARCO or any APA Bank, shall be deemed to constitute any representation or warranty by the Funding Agent. The Funding Agent shall not have any duty or responsibility to provide PARCO or any the APA Bank Banks with any credit or other information concerning the business, operations, property, prospects, financial and other condition or creditworthiness of the TransferorPARCO, NFC any APA Bank or the Servicer any Transaction Party which may come into the possession of the Funding Agent or any of its officers, directors, employees, agents, attorneys-in-fact or affiliates.

Appears in 1 contract

Samples: Asset Purchase Agreement (Onyx Acceptance Corp)

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