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Common use of Own Clause in Contracts

Own. RESPONSIBILITY It is understood and agreed by each Bank that at all times it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigation into all risks arising under or in connection with the Finance Documents including, but not limited to: 33.13.1 the financial condition, creditworthiness, condition, affairs, status and nature of each member of the Group; 33.13.2 the legality, validity, effectiveness, adequacy and enforceability of the Finance Documents and any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Finance Documents; 33.13.3 whether such Bank has recourse, and the nature and extent of that recourse, against an Obligor or any other person or any of their respective assets under or in connection with the Finance Documents, the transactions therein contemplated or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Finance Documents; and 33.13.4 the adequacy, accuracy and/or completeness of the Information Memorandum and any other information provided by the Facility Agent or the Arrangers, an Obligor, or by any other person in connection with the Finance Documents, the transactions contemplated therein or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Finance Documents. Accordingly, each Bank acknowledges to the Facility Agent and the Arrangers that it has not relied on and will not hereafter rely on the Facility Agent and the Arrangers or any of them in respect of any of these matters.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Koninklijke Numico Nv)

Own. RESPONSIBILITY It is understood and agreed by each Bank and the L/C Issuing Bank that at all times it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigation into all risks arising under or in connection with the Finance Facility Documents including, but not limited to: 33.13.1 30.13.1 the financial condition, creditworthiness, condition, affairs, status and nature of each member of the GroupGroup and each Unconsolidated Affiliate; 33.13.2 30.13.2 the legality, validity, effectiveness, adequacy and enforceability of the Finance Facility Documents and any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Finance Facility Documents; 33.13.3 30.13.3 whether such Bank has recourse, and the nature and extent of that recourse, against an Obligor or any other person or any of their respective assets under or in connection with the Finance Facility Documents, the transactions therein contemplated in the Facility Documents or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Finance Facility Documents; and 33.13.4 30.13.4 the adequacy, accuracy and/or completeness of the Information Memorandum and any other information provided by the Facility Agent or the Arrangers, an Obligor, or by any other person in connection with the Finance Facility Documents, the transactions contemplated therein or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Finance Facility Documents. Accordingly, each Bank and the L/C Issuing Bank acknowledges to the Facility Agent and the Arrangers that it has not relied on and will not hereafter rely on the Facility Agent and the Arrangers or any of them in respect of any of these matters.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Facility Agreement (Prologis Trust)

Own. RESPONSIBILITY It is understood and agreed by each Bank that at all times it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigation into all risks arising under or in connection with the Finance Documents including, but not limited to: 33.13.1 12.1 the financial condition, creditworthiness, condition, affairs, status and nature of each member of the Group; 33.13.2 12.2 the legality, validity, effectiveness, adequacy and enforceability of the any Finance Documents and any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the any Finance DocumentsDocument; 33.13.3 12.3 whether such Bank has recourse, and the nature and extent of that recourse, against an Obligor or any other person or any of their respective assets under or in connection with the any Finance DocumentsDocument, the transactions therein contemplated or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the any Finance DocumentsDocument; and 33.13.4 12.4 the adequacy, accuracy and/or completeness of the Information Memorandum and any other information provided by the Facility Agent or the ArrangersArranger, an Obligor, or by any other person in connection with the any Finance DocumentsDocument, the transactions contemplated therein or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the any Finance Documents. Document. 12.5 Accordingly, each Bank acknowledges to the Facility Agent and the Arrangers Arranger that it has not relied on and will not hereafter rely on the Facility Agent and the Arrangers Arranger or any of them in respect of any of these matters.

Appears in 1 contract

Samples: Fourth Amendment Agreement (Sanitec International Sa)

Own. RESPONSIBILITY It is understood and agreed by each Bank that at all times it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigation into all risks arising under or in connection with the Finance Documents including, but not limited to: 33.13.1 28.13.1 the financial condition, creditworthiness, condition, affairs, status and nature of each member of the Group; 33.13.2 28.13.2 the legality, validity, effectiveness, adequacy and enforceability of the Finance Documents and any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Finance Documents; 33.13.3 28.13.3 whether such Bank has recourse, and the nature and extent of that recourse, against an Obligor or any other person or any of their respective assets under or in connection with the Finance Documents, the transactions therein contemplated or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Finance Documents; and 33.13.4 28.13.4 the adequacy, accuracy and/or completeness of the Information Memorandum and any other information provided by the Facility Agent or the Arrangers, an Obligor, or by any other person in connection with the Finance Documents, the transactions contemplated therein or any other agreement, arrangement or document entered into, made or executed in anticipation of, pursuant to or in connection with the Finance Documents. Accordingly, each Bank acknowledges to the Facility Agent and the Arrangers that it has not relied on and will not hereafter rely on the Facility Agent and the Arrangers or any of them in respect of any of these matters.

Appears in 1 contract

Samples: Bridge Facility Agreement (Koninklijke Numico Nv)