Common use of Reliance by the Bank Clause in Contracts

Reliance by the Bank. All representations and warranties made herein to the Bank (or incorporated by reference for the benefit of the Bank) have been made with the understanding that the Bank is relying upon the accuracy of such representations and warranties. Notwithstanding that the Bank may conduct its own investigation as to some or all of the matters covered by the representations and warranties in the Loan Documents, and any certificates, information, opinions or documents delivered in connection therewith, the Bank is entitled to rely on all representations and warranties as a material inducement to the Bank’s extension of the credit evidenced by the Loan Documents.

Appears in 3 contracts

Samples: Revolving Loan Agreement, Loan Agreement, Loan Agreement

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Reliance by the Bank. All representations and warranties made herein to the Bank (or incorporated by reference hereby for the benefit of the Bank) have been Bank are made with the understanding that the Bank is relying upon the accuracy of such representations and warranties. Notwithstanding that the Bank may conduct its own investigation or make any determination as to some or all of the matters covered by the representations and warranties in the Loan Bond Documents, and any certificates, information, opinions or documents delivered in connection therewith, the Bank is entitled to rely on all representations and warranties as a material inducement to the Bank’s extension of the credit evidenced by the Loan Bond Documents.

Appears in 3 contracts

Samples: Continuing Covenant Agreement, Continuing Covenant Agreement, Continuing Covenant Agreement

Reliance by the Bank. All representations and warranties made in the Prior Facility and herein to the Bank (or incorporated by reference for the benefit of the Bank) have been made with the understanding that the Bank is relying upon the accuracy of such representations and warranties. Notwithstanding that the Bank may conduct its own investigation as to some or all of the matters covered by the representations and warranties in the Loan Documents, and any certificates, information, opinions or documents delivered in connection therewith, the Bank is entitled to rely on all representations and warranties as a material inducement to the Bank’s extension of the credit evidenced by the Loan Documents.

Appears in 1 contract

Samples: Term Loan Agreement

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Reliance by the Bank. All representations and warranties made herein to the Bank (or incorporated by reference hereby for the benefit of the Bank) have been Bank are made with the understanding that the Bank is relying upon the accuracy of such representations and warranties. Notwithstanding that the Bank may conduct its own investigation as to some or all of the matters covered by the representations and warranties in the Loan Bond Documents, and any certificates, information, opinions or documents delivered in connection therewith, the Bank is entitled to rely on all representations and warranties as a material inducement to the Bank’s extension of the credit evidenced by the Loan Bond Documents.

Appears in 1 contract

Samples: Continuing Covenant Agreement

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