Reliance Waivers Etc Clause Samples
The 'Reliance; Waivers; Etc' clause defines the parties' rights and limitations regarding reliance on representations and the waiver of certain rights or claims. Typically, this clause clarifies that each party is only relying on the express terms and representations stated in the agreement, and not on any outside statements or promises. It may also specify the conditions under which a party may waive a right, such as requiring written consent for any waiver to be valid. The core function of this clause is to prevent misunderstandings or disputes over informal assurances and to ensure that only the documented terms of the contract are enforceable, thereby reducing the risk of future claims based on alleged side agreements or verbal statements.
Reliance Waivers Etc. 23 7.1 Reliance...................................................................................... 23 7.2 No Warranties or Liability.................................................................... 24 7.3 No Waiver of Lien Priorities.................................................................. 24
Reliance Waivers Etc. 3940 8.1 Reliance 3940 8.2 No Warranties or Liability 4041 8.3 No Waivers 4041 SECTION 9. Obligations Unconditional 4041
Reliance Waivers Etc. Other than any reliance on the terms of this Agreement, the ABL Facility Collateral Agent, on behalf of itself and the other ABL Facility Secured Parties, acknowledges that it and such ABL Facility Secured Parties, as the case may be, have, independently and without reliance on the Term Loan Collateral Agent or any Term Loan Secured Parties, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into the ABL Facility Documents and be bound by the terms of this Agreement and they will continue to make their own credit decision in taking or not taking any action under the ABL Facility Credit Agreement or this Agreement.
Reliance Waivers Etc. Section 7.1 Reliance 69 Section 7.2 No Warranties or Liability 69 Section 7.3 No Waiver of Lien Priorities 70 Section 7.4 Obligations Unconditional 72
Reliance Waivers Etc. 12 6.1 Reliance........................................................................... 12 6.2
Reliance Waivers Etc. 7.1 Reliance Other than any reliance on the terms of this Agreement, the First Lien Collateral Agent, on behalf of itself and the First Lien Claimholders under its First Lien Loan Documents, acknowledges that it and such First Lien Claimholders have, independently and without reliance on the Second Lien Collateral Agent or any Second Lien Claimholders, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into such First Lien Loan Documents and be bound by the terms of this Agreement and they will continue to make their own credit decision in taking or not taking any action under the First Lien Credit Agreement or this Agreement. The Second Lien Collateral Agent, on behalf of itself and the Second Lien Claimholders, acknowledges that it and the Second Lien Claimholders have, independently and without reliance on the First Lien Collateral Agent or any First Lien Claimholder, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into each of the Second Lien Loan Documents and be bound by the terms of this Agreement and they will continue to make their own credit decision in taking or not taking any action under the Second Lien Loan Documents or this Agreement.
Reliance Waivers Etc. (a) Each of ▇▇▇▇▇▇▇ and the Indenture Trustee acknowledges and agrees that neither Indenture Trustee nor ▇▇▇▇▇▇▇ has made any representation or warranty with respect to the execution, validity, legality, completeness, collectability or enforceability of the Loan Documents or the Indenture Documents.
(b) No right or benefit of any party hereunder shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of such party or any other party hereto or by any noncompliance by Manhattan Bridge or the Issuer with the terms and conditions of any of the Loan Documents or the Indenture Documents.
Reliance Waivers Etc. 3134
7.1 Non-Reliance 3134
7.2 No Warranties or Liability 3135
7.3 No Waiver of Lien Priorities 3235 #100620020v5 7.4 Obligations Unconditional 3437
Reliance Waivers Etc. 54 7.1 Reliance ............................................................................................................................ 54 7.2
Reliance Waivers Etc. 8.1 [Reserved].