Relation Among Lenders. The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Agent) authorized to act for, any other Lender. No Lender or any Affiliate of any Lender that obtains the benefits of Section 7.23 by virtue of the provisions hereof or of any Guaranty or Security Agreement, shall have the right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Agreement or any other Loan Document to the contrary, the Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made, with respect to, Obligations arising under any Bank Product.
Appears in 4 contracts
Samples: Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp), Credit Agreement (Westlake Chemical Corp)
