Common use of Not Responsible for Recitals or Borrowing of Secured Loans Clause in Contracts

Not Responsible for Recitals or Borrowing of Secured Loans. The recitals contained herein shall be taken as the statements of the Borrower and the Loan Agent and the Collateral Trustee assume no responsibility for their correctness. The Loan Agent and the Collateral Trustee make no representation as to the validity or sufficiency of this Agreement (except as may be made with respect to the validity of the respective obligations of the Loan Agent and the Collateral Trustee hereunder), the Assets or the Debt. The Loan Agent and the Collateral Trustee shall not be accountable for the use or application by the Borrower of the Debt or the proceeds thereof or any amounts paid to the Borrower pursuant to the provisions hereof.

Appears in 4 contracts

Samples: Loan Agreement (Blue Owl Credit Income Corp.), Loan Agreement (Blue Owl Credit Income Corp.), Loan Agreement (Owl Rock Core Income Corp.)

AutoNDA by SimpleDocs

Not Responsible for Recitals or Borrowing of Secured Loans. The recitals contained herein shall be taken as the statements of the Borrower and the Loan Agent and the Collateral Trustee assume no responsibility for their correctness. The Loan Agent and the Collateral Trustee make no representation as to the validity or sufficiency of this Agreement (except as may be made with respect to the validity of the respective obligations of the Loan Agent Agent's and the Collateral Trustee Trustee’s respective obligations hereunder), the Underlying Assets or the Debt. The Loan Agent and the Collateral Trustee shall not be accountable for the use or application by the Borrower of the Debt Secured Loans or the proceeds thereof or any amounts paid to the Borrower pursuant to the provisions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Ares Capital Corp), Credit Agreement (Ares Capital Corp)

Not Responsible for Recitals or Borrowing of Secured Loans. The recitals contained herein shall be taken as the statements of the Borrower Co-Borrowers and the Loan Agent and the Collateral Trustee assume no responsibility for their correctness. The Loan Agent and the Collateral Trustee make no representation as to the validity or sufficiency of this Agreement (except as may be made with respect to the validity of the respective obligations of the Loan Agent and the Collateral Trustee hereunder), the Assets or the Debt. The Loan Agent and the Collateral Trustee shall not be accountable for the use or application by the Borrower Co-Borrowers of the Debt or the proceeds thereof or any amounts paid to the Borrower Co-Borrowers pursuant to the provisions hereof.

Appears in 2 contracts

Samples: Credit Agreement (Barings Private Credit Corp), Credit Agreement (Barings Private Credit Corp)

AutoNDA by SimpleDocs

Not Responsible for Recitals or Borrowing of Secured Loans. The recitals contained herein shall be taken as the statements of the Borrower and the Loan Agent and the Collateral Trustee assume no responsibility for their correctness. The Loan Agent and the Collateral Trustee make no representation as to the validity or sufficiency of this Agreement (except as may be made with respect to the validity of the respective obligations of the Loan Agent and the Collateral Trustee hereunder), the Assets or the Debt. The Loan Agent and the Collateral Trustee shall not be accountable for the use or application by the Borrower of the Debt or the proceeds thereof or any amounts paid to the Borrower pursuant to the provisions hereof.

Appears in 1 contract

Samples: Loan Agreement (Blue Owl Capital Corp III)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!