Common use of RELIANCE AND DUTY TO REMAIN INFORMED Clause in Contracts

RELIANCE AND DUTY TO REMAIN INFORMED. Each Guarantor confirms that it has executed and delivered this guaranty after reviewing the terms and conditions of the Loan Documents and such other information as it has deemed appropriate in order to make its own credit analysis and decision to execute and deliver this guaranty. Each Guarantor confirms that it has made its own independent investigation with respect to Borrower's creditworthiness and is not executing and delivering this guaranty in reliance on any representation or warranty by Agent or any Lender as to that creditworthiness. Each Guarantor expressly assumes all responsibilities to remain informed of the financial condition of Borrower and any circumstances affecting Borrower's ability to perform under the Loan Documents to which it is a party or any collateral securing any Guaranteed Debt.

Appears in 2 contracts

Samples: Credit Agreement (Pillowtex Corp), Credit Agreement (Xplor Energy Inc)

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RELIANCE AND DUTY TO REMAIN INFORMED. Each Guarantor confirms that it ------------------------------------ has executed and delivered this guaranty after reviewing the terms and conditions of the Loan Documents and such other information as it has deemed appropriate in order to make its own credit analysis and decision to execute and deliver this guaranty. Each Guarantor confirms that it has made its own independent investigation with respect to Borrower's creditworthiness and is not executing and delivering this guaranty in reliance on any representation or warranty by Agent or any Lender as to that creditworthiness. Each Guarantor expressly assumes all responsibilities to remain informed of the financial condition of Borrower and any circumstances affecting Borrower's ability to perform under the Loan Documents to which it is a party or any collateral securing any Guaranteed Debt.

Appears in 2 contracts

Samples: Credit Agreement (Matrix Capital Corp /Co/), Credit Agreement (Matrix Bancorp Capital Trust I)

RELIANCE AND DUTY TO REMAIN INFORMED. Each Guarantor confirms that it has executed and delivered this guaranty Guaranty after reviewing the terms and conditions of the Credit Agreement and the other Loan Documents and such other information as it has deemed appropriate in order to make its own credit analysis and decision to execute and deliver this guarantyGuaranty. Each Guarantor confirms that it has made its own independent investigation with respect to Borrower's ’s creditworthiness and is not executing and delivering this guaranty Guaranty in reliance on any representation or warranty by Agent or any Lender as to that such creditworthiness. Each Guarantor expressly assumes all responsibilities to remain informed of the financial condition of Borrower and any circumstances affecting (a) Borrower's ’s ability to perform under the Loan Documents to which it Borrower is a party or (b) any collateral securing all or any part of the Guaranteed DebtObligation.

Appears in 2 contracts

Samples: Corporate Guaranty (Vertex Energy Inc.), Deep Down, Inc.

RELIANCE AND DUTY TO REMAIN INFORMED. Each Guarantor confirms that it has executed and delivered this guaranty Guaranty after reviewing the terms and conditions of the Credit Agreement and the other Loan Documents and such other information as it has deemed appropriate in order to make its own credit analysis and decision to execute and deliver this guarantyGuaranty. Each Guarantor confirms that it has made its own independent investigation with respect to each Borrower's ’s creditworthiness and is not executing and delivering this guaranty Guaranty in reliance on any representation or warranty by Agent or any Lender as to that such creditworthiness. Each Guarantor expressly assumes all responsibilities to remain informed of the financial condition of each Borrower and any circumstances affecting (a) any Borrower's ’s ability to perform under the Loan Documents to which it any Borrower is a party or (b) any collateral securing all or any part of the Guaranteed DebtObligation.

Appears in 1 contract

Samples: Vertex Energy Inc.

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RELIANCE AND DUTY TO REMAIN INFORMED. Each Guarantor confirms that it ------------------------------------ has executed and delivered this guaranty after reviewing the terms and conditions of the Loan Documents and such other information as it has deemed appropriate in order to make its own credit analysis and decision to execute and deliver this guaranty. Each Guarantor confirms that it has made its own independent investigation with respect to Borrower's creditworthiness and is not executing and delivering this guaranty in reliance on any representation or warranty by Administrative Agent or any Lender as to that creditworthiness. Each Guarantor expressly assumes all responsibilities to remain informed of the financial condition of Borrower Borrowers and any circumstances affecting Borrower's Borrowers' ability to perform under the Loan Documents to which it is a party or any collateral securing any Guaranteed Debt.

Appears in 1 contract

Samples: Credit Agreement (Trikon Technologies Inc)

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