Common use of Nonliability of the Lenders Clause in Contracts

Nonliability of the Lenders. The relationship between Borrower and the Lenders is, and shall at all times remain, solely that of borrower and lender. The Lenders neither undertake nor assume any responsibility or duty to Borrower to review, inspect, supervise, pass judgment upon, or inform Borrower of any matter in connection with any phase of Borrower's business, operations, or condition, financial or otherwise. Borrower shall rely entirely upon its own judgment with respect to such matters, and any review, inspection, supervision, exercise of judgment, or information supplied to Borrower by the Lenders, or any representative or agent of the Lenders, in connection with any such matter is for the protection of the Lenders, and neither Borrower nor any third party is entitled to rely thereon.

Nonliability of the Lenders. The relationship between Borrower and the Lenders is, and shall at all times remain, solely that of borrower and lender. The Lenders neither undertake nor assume any responsibility or duty to the Borrower to review, inspect, supervise, pass judgment upon, or inform Borrower of any matter in connection with any phase of Borrower's business, operations, or condition, financial or otherwise. Borrower shall rely entirely upon its own judgment with respect to such matters, and any review, inspection, supervision, exercise of judgment, or information supplied to Borrower by the Lenders, or any representative or agent of the Lenders, in connection with any such matter is for the protection of the Lenders, and neither Borrower nor any third party is entitled to rely thereon.