Common use of Purchaser Credit Decision Clause in Contracts

Purchaser Credit Decision. Each Purchaser acknowledges that it has, independently and without reliance upon either Co-Agent or any other Purchaser and, based on the financial statements referred to in Section 5.4 and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Purchaser also acknowledges that it will, independently and without reliance upon either Co-Agent or any other Purchaser and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement.

Appears in 2 contracts

Samples: Note Purchase Agreement (Telex Communications Inc), Note Purchase Agreement (Telex Communications Inc)

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Purchaser Credit Decision. Each Purchaser acknowledges that it has, independently and without reliance upon either Co-the Agent or any other Purchaser and, and based on the financial statements referred to in Section 5.4 and upon such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Purchaser also acknowledges that it will, independently and without reliance upon either Co-Agent or any other Purchaser and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement.reliance

Appears in 1 contract

Samples: Receivables Transfer Agreement (Trendwest Resorts Inc)

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Purchaser Credit Decision. Each Purchaser acknowledges that it has, independently and without reliance upon either Co-the Agent or any other Purchaser and, and based on the financial statements referred to in Section 5.4 and upon such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Purchaser also acknowledges that it will, independently and without reliance upon either Co-the Agent or any other Purchaser and based on upon such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this AgreementAgreement and the other Facility Documents.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Trendwest Resorts Inc)

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