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

Non-Reliance on the Agents and Other Lenders. Each Lender -------------------------------------------- agrees that it has, independently and without reliance on the Agents or any other Lender, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Company and the Subsidiaries and decision to enter into this Agreement and that it shall, independently and without reliance upon the 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 analysis and decisions in taking or not taking action under this Agreement. The Agents shall not be required to keep itself informed as to the performance or observance by the Company of this Agreement or any other document referred to or provided for herein or to inspect the properties or books of the Company or any Subsidiary. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders by the Agent hereunder, the Agents shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the affairs, financial condition or business of the Company or any Subsidiary (or any of their affiliates) which may come into the possession of the Agents or any of their Affiliates. Each Lender further acknowledges that (i) the Agents have responded satisfactorily to any request by such Lender for information regarding such credit facilities; and (ii) the Agents and their Affiliates may manage their relationships with the Company under such facilities as it sees fit as though it were not an Agent hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Pg&e Gas Transmission Northwest Corp), Credit Agreement (Pg&e Gas Transmission Northwest Corp)

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Non-Reliance on the Agents and Other Lenders. Each Lender -------------------------------------------- agrees that it has, independently and without reliance on the Agents or any other Lender, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Company and the Subsidiaries Motorola and decision to enter into this Agreement and that it shallwill, independently and without reliance upon the 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 analysis and decisions in taking or not taking action under this AgreementAgreement or under any other Credit Document. The Agents Neither Agent shall not be required to keep itself informed as to the performance or observance by the Company either Credit Party of this Agreement or any of the other Credit Documents or any other document referred to or provided for herein or therein or to inspect the properties Properties or books of the Company or any SubsidiaryMotorola. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders by the Agents hereunder or under any of the other Credit Documents, neither Agent hereunder, the Agents shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the affairs, financial condition or business of the Company or any Subsidiary Motorola (or any of their respective Subsidiaries or affiliates) which that may come into the possession of the Agents such Agent or any of their Affiliates. Each Lender further acknowledges that (i) the Agents have responded satisfactorily to any request by such Lender for information regarding such credit facilities; and (ii) the Agents and their Affiliates may manage their relationships with the Company under such facilities as it sees fit as though it were not an Agent hereunderits affiliates.

Appears in 1 contract

Samples: Senior Guaranteed Credit Agreement (Iridium Facilities Corp)

Non-Reliance on the Agents and Other Lenders. Each Lender -------------------------------------------- agrees that it has, independently and without reliance on the Agents or any other Lender, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Company and the Subsidiaries and decision to enter into this Agreement and that it shall, independently and without reliance upon the 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 analysis and decisions in taking or not taking action under this Agreement. The Agents shall not be required to keep itself informed as to the performance or observance by the Company of this Agreement or any other document referred to or provided for herein or to inspect the properties or books of the Company or any Subsidiary. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders by the Agent hereunder, the Agents shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the affairs, financial condition or business of the Company or any Subsidiary (or any of their affiliates) which may come into the possession of the Agents any Agent or any of their its Affiliates. Each Lender further acknowledges that (i) the Agents have responded satisfactorily to any request by such Lender for information regarding such credit facilities; and (ii) the Agents and their Affiliates may manage their relationships with the Company under such facilities as it sees fit as though it were not an Agent hereunder.

Appears in 1 contract

Samples: Credit Agreement (Pg&e Gas Transmission Northwest Corp)

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Non-Reliance on the Agents and Other Lenders. Each Lender -------------------------------------------- agrees that it has, independently and without reliance on the Agents either Agent or any other LenderLenders, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Company Companies and the Subsidiaries and its own decision to enter into this Agreement and that it shallwill, independently and without reliance upon the Agents either Agent or any other LenderLenders, 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 Neither of the Agents shall not be required to keep itself informed as to the performance or observance by the Company Companies of this Agreement or any other document referred to or provided for herein or to inspect the properties or books of the Company or any SubsidiaryCompanies. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders by the Agent Agents hereunder, the Agents neither Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the affairs, financial condition or business businesses of the Company or any Subsidiary Companies (or any of their affiliatesAffiliates) which may come into the possession of the Agents such Agent or any of their Affiliatesits affiliates. Each Lender further acknowledges that (i) Notwithstanding the Agents have responded satisfactorily foregoing, each Agent will provide to the Lenders any request and all information reasonably requested by them and reasonably available to such Lender for information regarding Agent promptly upon such credit facilities; and (ii) the Agents and their Affiliates may manage their relationships with the Company under such facilities as it sees fit as though it were not an Agent hereunderrequest.

Appears in 1 contract

Samples: Credit Agreement (Teletrac Inc /De)

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