Common use of Representations and Warranties; No Responsibility for Appraisal of Credit Worthiness Clause in Contracts

Representations and Warranties; No Responsibility for Appraisal of Credit Worthiness. Each Lender represents and warrants that it has made its own independent investigation of the financial condition and affairs of Company and its Subsidiaries in connection with the making of the Loans and the issuance of Letters of Credit hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Company and its Subsidiaries. No Agent shall have any duty or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter, and no Agent shall have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Arterial Vascular Engineering Inc), Credit Agreement (Precision Engine Products Corp)

AutoNDA by SimpleDocs

Representations and Warranties; No Responsibility for Appraisal of Credit Worthiness. Each Lender represents and warrants that it has made its own independent investigation of the financial condition and affairs of Company the Borrowers and its their Subsidiaries in connection with the making of the Loans and the issuance of the Letters of Credit hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Company the Borrowers and its their Subsidiaries. No The Administrative Agent shall not have any duty or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times 148 thereafter, and no the Administrative Agent shall not have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Corp)

AutoNDA by SimpleDocs

Representations and Warranties; No Responsibility for Appraisal of Credit Worthiness. Each Lender represents and warrants that it has made its own independent investigation of the financial condition and affairs of Company and its Subsidiaries in connection with the making of the Loans and the issuance of Letters of Credit hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Company and its Subsidiaries. No Administrative Agent shall not have any duty or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter, and no Administrative Agent shall not have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders.

Appears in 1 contract

Samples: Credit Agreement (Smiths Food & Drug Centers Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!