Common use of Participant's Warranties Clause in Contracts

Participant's Warranties. Participant represents, warrants and acknowledges that: a. It has full power and authority to enter into and perform this Agreement and the officers of Participant signing the Agreement on behalf of Participant have been duly authorized to do so. b. It has reviewed and approved the form and substance of each of the Line of Credit Loan Documents. c. Its decision to purchase this Participation and any future decisions it makes with respect to its Participation in the Participation Loan was based and will be based solely on its own independent evaluation of the Participation Loan, the creditworthiness of Borrowers and any other entity which may have liability for the Participation Loan, and its own investigation of the legality, sufficiency, and enforceability of the Loan Documents, and of the risks involved in the transactions contemplated in the Loan Documents and it is not and will not rely on Lender with respect thereto.

Participant's Warranties. Each Participant represents, warrants and acknowledges that: a. It has full power and authority to enter into and perform this Agreement and the officers of such Participant signing the Agreement on behalf of such Participant have been duly authorized to do so. b. It has reviewed and approved the form and substance of each of the Line of Credit Enumerated Loan Documents. c. Its decision to purchase this Participation and any future decisions it makes with respect to its Participation in the Participation Loan was based and will be based solely on its own independent evaluation of the Participation Loan, the creditworthiness of Borrowers Borrower and any other entity which may have liability for the Participation Loan, and its own investigation of the legality, sufficiency, and enforceability of the Loan Documents, and of the risks involved in the transactions contemplated in the Loan Documents and it is not and will not rely on Lender with respect thereto.