Common use of Reliance by Lender; Cumulative Clause in Contracts

Reliance by Lender; Cumulative. Each warranty and representation contained in this Agreement automatically shall be deemed repeated with each advance and shall be conclusively presumed to have been relied upon by Lender regardless of any investigation made or information possessed by Lender. The warranties and representations set forth herein shall be cumulative and in addition to any and all other warranties and representations that Borrowers now or hereafter shall give, or cause to be given, to Lender pursuant to the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Proxim Corp), Loan and Security Agreement (Proxim Corp)

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Reliance by Lender; Cumulative. Each warranty and representation contained in this Agreement automatically shall be deemed repeated with each advance and shall be conclusively presumed to have been relied upon on by Lender regardless of any investigation made or information possessed by Lender. The warranties and representations set forth herein shall be cumulative and in addition to any and all other warranties and representations that Borrowers Borrower now or hereafter shall give, or cause to be given, given to Lender pursuant to the terms and conditions of this AgreementLender.

Appears in 1 contract

Samples: Loan and Security Agreement (Voice Powered Technology International Inc)

Reliance by Lender; Cumulative. Each warranty and representation contained in this Agreement automatically shall be deemed repeated with each advance Advance in a manner consistent with Section 3.2(b) and shall be conclusively presumed to have been relied upon by Lender regardless of any investigation made or information possessed by Lender. The warranties and representations set forth herein shall be cumulative and in addition to any and all other warranties and representations that Borrowers Borrower now or hereafter shall give, or cause to be given, to Lender pursuant to the terms and conditions of this Agreementany Loan Document.

Appears in 1 contract

Samples: Credit and Security Agreement (Vermillion, Inc.)

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Reliance by Lender; Cumulative. Each warranty and representation contained in this Agreement automatically shall be automatically deemed repeated with each advance or issuance of an L/C and shall be conclusively presumed to have been relied upon on by Lender regardless of any investigation made or information possessed by Lender. The warranties and representations set forth herein shall be cumulative and in addition to any and all other warranties and representations that Borrowers now or hereafter shall give, or cause to be given, to Lender pursuant to the terms and conditions of this Agreement.to

Appears in 1 contract

Samples: Loan and Security Agreement (Pia Merchandising Services Inc)

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