Common use of Relationship of Secured Parties Clause in Contracts

Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations or the Second Lien Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents or the Second Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither the Priority Lien Agent nor Second Lien Collateral Trustee makes any warranty or representation to the other Secured Debt Representative or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.

Appears in 2 contracts

Samples: Intercreditor Agreement (Breitburn Energy Partners LP), Intercreditor Agreement (Rentech Nitrogen Partners, L.P.)

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Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations or the Second Lien Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents or the Second Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither none of the Priority Lien Agent nor or the Second Lien Collateral Trustee Agent makes any warranty or representation to the other Secured Debt Representative Representatives or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent agents or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.

Appears in 2 contracts

Samples: Junior Lien Intercreditor Agreement (Comstock Oil & Gas, LP), Junior Lien Intercreditor Agreement (Comstock Oil & Gas, LP)

Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations or the Second Lien Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents or the Second Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither the Priority Lien Agent nor the Second Lien Collateral Trustee Agent makes any warranty or representation to the other Secured Debt Representative Representatives or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent agents or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.

Appears in 2 contracts

Samples: Intercreditor Agreement (Goodrich Petroleum Corp), Intercreditor Agreement (Gastar Exploration Inc.)

Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations or the Second Lien Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents or the Second Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither none of the Priority Lien Agent nor or the Second Lien Collateral Trustee Agent makes any warranty or representation to the other Secured Debt Representative Representatives or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent agents or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.. 38 [Vanguard Intercreditor Agreement]

Appears in 1 contract

Samples: Intercreditor Agreement (Vanguard Natural Resources, LLC)

Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations or the Second Lien Subordinated Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents or the Second Lien Subordinated Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither none of the Priority Lien Agent nor Second Lien or the Subordinated Collateral Trustee makes any warranty or representation to the other Secured Debt Representative Representatives or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent agents or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Sandridge Energy Inc)

Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations or the Second Lien Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents or the Second Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither of the Priority Lien Agent nor the Second Lien Collateral Trustee Agent makes any warranty or representation to the other Secured Debt Representative Representatives or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent agents or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.. Active.18117613.5

Appears in 1 contract

Samples: Credit Agreement

Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations or the Second Lien Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents or the Second Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither of the Priority Lien Agent nor the Second Lien Collateral Trustee Agent makes any warranty or representation to the other Secured Debt Representative Representatives or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent agents or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.. [SIGNATURES BEGIN NEXT PAGE] Active.18117613.5

Appears in 1 contract

Samples: Credit Agreement (California Resources Corp)

Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations or the Second Lien Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents or the Second Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither none of the Priority Lien Agent nor or the Second Lien Collateral Trustee makes any warranty or representation to the other Secured Debt Representative Representatives or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent agents or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.. 40 [VANGUARD AMENDED AND RESTATED INTERCREDITOR AGREEMENT]

Appears in 1 contract

Samples: Intercreditor Agreement (Vanguard Natural Resources, Inc.)

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Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations Obligations, or the Second 1.5 Lien Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents Documents, or the Second 1.5 Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither none of the Priority Lien Agent, or the 1.5 Lien Agent nor Second Lien Collateral Trustee makes any warranty or representation to the other Secured Debt Representative Representatives or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent agents or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (W&t Offshore Inc)

Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations or the Second Lien Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents or the Second Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither none of the Priority Lien Agent nor or the Second Lien Collateral Trustee Agent makes any warranty or representation to the other Secured Debt Representative Representatives or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent agents or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (Atlas Energy Group, LLC)

Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations or the Second Lien Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents or the Second Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither the Priority Lien Agent nor Second Lien Collateral Trustee EXXI makes any warranty or representation to the other Secured Debt Representative or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (Energy XXI LTD)

Relationship of Secured Parties. Nothing set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. None of the Secured Parties nor any of their respective directors, officers, agents or employees shall be responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations or the Second Lien Obligations, or for statements of any Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents or the Second Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and neither none of the Priority Lien Agent nor or the Second Lien Collateral Trustee Agent makes any warranty or representation to the other Secured Debt Representative Representatives or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agent agents or the Secured Parties for which it acts as agent with respect to matters identified or referred to in this Agreement.. [SIGNATURES BEGIN NEXT PAGE] [AEG INTERCREDITOR AGREEMENT]

Appears in 1 contract

Samples: Intercreditor Agreement (Atlas Energy Group, LLC)

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