Common use of Relationship to Borrower Clause in Contracts

Relationship to Borrower. The Guarantors have had full and complete access to the underlying documentation relating to the Obligations and all other documentation executed by any other person in connection with the Obligations. The Guarantors are fully informed of all circumstances which bear upon the risks of executing this Guarantee which a diligent inquiry would reveal. The Guarantors have adequate means to obtain from the Borrower on a continuing basis information concerning the Borrower's financial condition, and is not depending on any Beneficiary to provide such information, now or in the future. The Guarantors agree that the Beneficiaries shall not have any obligation to advise or notify the Guarantors (or any of them) or to provide the Guarantors (or any of them) with any data or information.

Appears in 2 contracts

Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)

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Relationship to Borrower. The Guarantors have Guarantor has had full and complete access to the underlying documentation relating to the Obligations and all other documentation executed by any other person in connection with the Obligations. The Guarantors are Guarantor is fully informed of all circumstances which bear upon the risks of executing this Guarantee which a diligent inquiry would reveal. The Guarantors have Guarantor has adequate means to obtain from the Borrower on a continuing basis information concerning the Borrower's ’s financial condition, and is not depending on any Beneficiary to provide such information, now or in the future. The Guarantors agree Guarantor agrees that the Beneficiaries shall not have any obligation to advise or notify the Guarantors (or any of them) Guarantor or to provide the Guarantors (or any of them) Guarantor with any data or information.

Appears in 1 contract

Samples: Credit Agreement (Pengrowth Energy Trust)

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Relationship to Borrower. The Guarantors have had full and complete access to the underlying documentation relating to the Obligations and all other documentation executed by any other person in connection with the Obligations. The Guarantors are fully informed of all circumstances which bear upon the risks of executing this Guarantee which a diligent inquiry would reveal. The Guarantors have adequate means to obtain from the Borrower on a continuing basis information concerning the Borrower's ’s financial condition, and is not depending on any Beneficiary to provide such information, now or in the future. The Guarantors agree that the Beneficiaries shall not have any obligation to advise or notify the Guarantors (or any of them) or to provide the Guarantors (or any of them) with any data or information.

Appears in 1 contract

Samples: Credit Agreement (Pengrowth Energy Trust)

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