Common use of Obligation to Keep Informed Clause in Contracts

Obligation to Keep Informed. Each Guarantor shall be responsible for keeping itself informed of the financial condition of the Company and any other Persons primarily or secondarily liable on the Guaranteed Obligations or any portion thereof, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations or any portion thereof, and each Guarantor agrees that no Holder shall have a duty to advise such Guarantor of information known to such Holder regarding such condition or any such circumstance. If any Holder, in its discretion, undertakes at any time or from time to time to provide any such information to any Guarantor, such Holder shall not be under any obligation (i) to undertake any investigation, whether or not a part of its regular business routine, (ii) to disclose any information which such Holder wishes to maintain confidential, or (iii) to make any other or future disclosures of such information or any other information to such or any other Guarantor.

Appears in 1 contract

Samples: Subsidiary Guarantee Agreement (Manitowoc Co Inc)

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Obligation to Keep Informed. Each Guarantor shall be responsible for keeping itself informed of the financial condition of the Company and any other Persons primarily or secondarily liable on the Guaranteed Guarantied Obligations or any portion thereof, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Guarantied Obligations or any portion thereof, and each Guarantor agrees that no Holder Beneficiary shall have a duty to advise such Guarantor of information known to such Holder Beneficiary regarding such condition or any such circumstance. If any HolderBeneficiary, in its discretion, undertakes at any time or from time to time to provide any such information to any Guarantor, such Holder no Beneficiary shall not be under any obligation (i) to undertake any investigation, whether or not a part of its regular business routine, (ii) to disclose any information which such Holder Beneficiary wishes to maintain confidential, or (iii) to make any other or future disclosures of such information or any other information to such or any other Guarantor.

Appears in 1 contract

Samples: Guaranty Agreement (Davey Tree Expert Co)

Obligation to Keep Informed. Each Guarantor shall be responsible for keeping itself informed of the financial condition of the Company and any other Persons primarily or secondarily liable on the Guaranteed Guarantied Obligations or any portion thereof, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Guarantied Obligations or any portion thereof, and each Guarantor agrees that no Holder Noteholder shall have a any duty to advise such Guarantor of information known to such Holder Noteholder regarding such condition or any such circumstance. If any HolderNoteholder, in its discretion, undertakes at any time or from time to time to provide any such information to any Guarantor, such Holder Noteholder shall not be under any obligation (i) to undertake any investigation, whether or not a part of its regular business routine, (ii) to disclose any information which such Holder Noteholder wishes to maintain confidential, or (iii) to make any other or future disclosures of such information or any other information to such or any other Guarantor.

Appears in 1 contract

Samples: Note Purchase Agreement (Oil Dri Corporation of America)

Obligation to Keep Informed. Each Guarantor of the Guarantors shall be responsible for keeping itself informed of the financial condition of the Company and any other Persons primarily or secondarily liable on the Guaranteed Obligations or any portion thereof, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations or any portion thereof, and each Guarantor of the Guarantors agrees that no Holder shall have a duty to advise such any Guarantor of information known to such Holder regarding such condition or any such circumstance. If any Holder, in its discretion, undertakes at any time or from time to time to provide any such information to any Guarantor, such Holder shall not be under any obligation (i) to undertake any investigation, whether or not a part of its regular business routine, (ii) to disclose any information which such Holder wishes to maintain confidential, or (iii) to make any other or future disclosures of such information or any other information to such or any other Guarantor.

Appears in 1 contract

Samples: Note Purchase Agreement (Wausau Paper Corp.)

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Obligation to Keep Informed. Each Guarantor shall be responsible for keeping itself informed of the financial condition of the Company and any other Persons primarily or secondarily liable on the Guaranteed Guarantied Obligations or any portion thereof, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Guarantied Obligations or any portion thereof, and each Guarantor agrees that no Holder shall have a any duty to advise such Guarantor of information known to such Holder regarding such condition or any such circumstance. If any Holder, in its discretion, undertakes at any time or from time to time to provide any such information to any Guarantor, such no Holder shall not be under any obligation (i) to undertake any investigation, whether or not a part of its regular business routine, (ii) to disclose any information which such Holder wishes to maintain confidential, or (iii) to make any other or future disclosures of such information or any other information to such or any other Guarantor.

Appears in 1 contract

Samples: Note Purchase Agreement (Kapstone Paper & Packaging Corp)

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