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 of any other circumstances bearing upon the risk of nonpayment of any 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 any Affiliate of the Company and nothing contained herein shall limit or in any way modify any of the obligations of the Company to any of the Creditors.

Appears in 2 contracts

Samples: Intercreditor and Collateral Agency Agreement (Corning Natural Gas Corp), Intercreditor and Collateral Agency Agreement (Corning Natural Gas Corp)

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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 Credit Parties or of any other circumstances bearing upon the risk of nonpayment of any 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 any Affiliate of the Company a Credit Party and nothing contained herein shall limit or in any way modify any of the obligations of the Company Credit Parties to any of the Creditors.

Appears in 2 contracts

Samples: Intercreditor and Collateral Agency Agreement (Bowne & Co Inc), Intercreditor and Collateral Agency Agreement (Inergy L P)

Relation of Creditors. This Agreement is entered into solely for the purposes set forth herein, and no Creditor 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 Guarantor or of any other circumstances circumstance bearing upon the risk of nonpayment of 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 any Affiliate of the Company Guarantor and nothing contained herein shall limit or in any way modify any of the obligations of the Company or any Guarantor to any of the Creditors.

Appears in 1 contract

Samples: Credit Agreement (Dreyers Grand Ice Cream Holdings Inc)

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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 Fund or of any other circumstances bearing upon the risk of nonpayment of 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 any Affiliate of the Company and nothing contained herein shall limit or in any way modify any of the obligations of the Company to any of the Creditors.

Appears in 1 contract

Samples: Intercreditor Agreement

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