Common use of Relation of Creditors Clause in Contracts

Relation of Creditors. This Agreement is entered into solely for the purposes set forth herein, and no Creditor assumes any responsibility to any other party hereto to advise such other party of information known to such other party regarding the financial condition of the Company or any Subsidiary Guarantor or of any other circumstances bearing upon the risk of nonpayment of the Subject Obligation. Each Creditor specifically acknowledges and agrees that nothing contained in this Agreement is or is intended to be for the benefit of the Company or a Subsidiary Guarantor and nothing contained herein shall limit or in any way modify any of the obligations of the Company or any Subsidiary Guarantor to the Creditors.

Appears in 2 contracts

Samples: Note Purchase Agreement (Equifax Inc), Intercreditor Agreement (Talx Corp)

AutoNDA by SimpleDocs

Relation of Creditors. This Agreement is entered into solely for the purposes set forth herein, and no Creditor assumes any responsibility to any other party hereto to advise such other party of information known to such other party regarding the financial condition of the Company or any the Subsidiary Guarantor Guarantors or of any other circumstances bearing upon the risk of nonpayment of the Subject ObligationObligations. Each Creditor specifically acknowledges and agrees that nothing contained in this Agreement is or is intended to be for the benefit of the Company or a the Subsidiary Guarantor Guarantors and nothing contained herein shall limit or in any way modify any of the obligations of the Company or any the Subsidiary Guarantor Guarantors to the Creditors.

Appears in 2 contracts

Samples: Guaranty Agreement (Insituform Technologies Inc), Intercreditor Agreement (Insituform Technologies Inc)

Relation of Creditors. This Agreement is entered into solely for the purposes set forth herein, and no Creditor assumes any responsibility to any other party hereto to advise such other party of information known to such other party regarding the financial condition of the Company or any Subsidiary Guarantor Obligor or of any other circumstances bearing upon the risk of nonpayment of the Subject ObligationObligations. Each Creditor specifically acknowledges and agrees that nothing contained in this Agreement is or is intended to be for the benefit of the Company or a any Subsidiary Guarantor Obligor and nothing contained herein shall limit or in any way modify any of the obligations of the Company or any the Subsidiary Guarantor Obligors to the Creditors.

Appears in 1 contract

Samples: Guaranty Agreement (Precision Castparts Corp)

Relation of Creditors. This Agreement is entered into solely for the purposes set forth herein, and no Creditor assumes any responsibility to any other party hereto to Intercreditor Agreement advise such other party of information known to such other party regarding the financial condition of the Company or any a Subsidiary Guarantor or of any other circumstances bearing upon the risk of nonpayment of the Subject Obligation. Each Creditor specifically acknowledges and agrees that nothing contained in this Agreement is or is intended to be for the benefit of the Company or a Subsidiary Guarantor and nothing contained herein shall limit or in any way modify any of the obligations of the Company or any Subsidiary Guarantor to the Creditors.

Appears in 1 contract

Samples: Intercreditor Agreement (Otter Tail Corp)

Relation of Creditors. This Agreement is entered into solely for the purposes set forth herein, and no Creditor assumes any responsibility to any other party hereto to advise such other party of information known to such other party regarding the financial condition of the Company or any Subsidiary Guarantor or of any other circumstances bearing upon the risk of nonpayment of the any Subject Obligation. Each Creditor specifically acknowledges and agrees that nothing contained in this Agreement is or is intended to be for the benefit of the Company or a any Subsidiary Guarantor and nothing contained herein shall limit or in any way modify any of the obligations of the Company or any Subsidiary Guarantor to the Creditors.

Appears in 1 contract

Samples: Intercreditor Agreement (Nui Corp /Nj/)

Relation of Creditors. This Agreement is entered into solely for the purposes set forth herein, and no Creditor assumes any responsibility to any other party hereto to advise such other party of information known to such other party regarding the financial condition of the Company Obligors or any the Subsidiary Guarantor Guarantors or of any other circumstances bearing upon the risk of nonpayment of the Subject ObligationObligations. Each Creditor specifically acknowledges and agrees that nothing contained in this Agreement is or is intended to be for the benefit of the Company Obligors or a the Subsidiary Guarantor Guarantors and nothing contained herein shall limit or in any way modify any of the obligations of the Company Obligors or any the Subsidiary Guarantor Guarantors to the Creditors. Section 3.3.

Appears in 1 contract

Samples: Intercreditor Agreement (Insituform Technologies Inc)

AutoNDA by SimpleDocs

Relation of Creditors. This Agreement is entered into solely for the purposes set forth herein, and no Creditor assumes any responsibility to any other party hereto to advise such other party of information known to such other party Creditor regarding the financial condition of the Company or any the Subsidiary Guarantor Guarantors or of any other circumstances bearing upon the risk of nonpayment of the Subject ObligationObligations. Each Creditor specifically acknowledges and agrees that nothing contained in this Agreement is or is intended to be for the benefit of the Company or a the Subsidiary Guarantor Guarantors and nothing contained herein shall limit or in any way modify any of the obligations of the Company or any the Subsidiary Guarantor Guarantors to the Creditors.

Appears in 1 contract

Samples: Credit Agreement (Cambrex Corp)

Relation of Creditors. This Agreement is entered into --------------------- solely for the purposes set forth herein, and no Creditor assumes any responsibility to any other party hereto to advise such other party of information known to such other party regarding the financial condition of the Company or any Subsidiary Guarantor or of any other circumstances circumstance bearing upon the risk of nonpayment of the any Subject Obligation. Each Creditor specifically acknowledges and agrees that nothing contained in this Agreement is or is intended to be for the benefit of the Company or a any Subsidiary Guarantor and nothing contained herein shall limit or in any way modify any of the obligations of the Company or any Subsidiary Guarantor to the Creditors.

Appears in 1 contract

Samples: Intercreditor Agreement (Pentair Inc)

Relation of Creditors. This Agreement is entered into solely for the purposes set forth herein, and no Creditor assumes any responsibility to any other party hereto to advise such other party of information known to such other party regarding the financial condition of the Company Obligors or any the Subsidiary Guarantor Guarantors or of any other circumstances bearing upon the risk of nonpayment of the Subject ObligationObligations. Each Creditor specifically acknowledges and agrees that nothing contained in this Agreement is or is intended to be for the benefit of the Company Obligors or a the Subsidiary Guarantor Guarantors and nothing contained herein shall limit or in any way modify any of the obligations of the Company Obligors or any the Subsidiary Guarantor Guarantors to the Creditors.

Appears in 1 contract

Samples: Intercreditor Agreement (Insituform Technologies Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!