Representations of Lenders. Each Lender represents and warrants to each other Lender and the Agent that: (a) in making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any Agent; and (b) so long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 6 contracts
Samples: Facility Agreement (International Shipholding Corp), Facility Agreement (International Shipholding Corp), Facility Agreement (International Shipholding Corp)
Representations of Lenders. Each Lender represents and warrants to each other Lender and the each Agent that:
(a) in making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any Agent; and
(b) so long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 4 contracts
Samples: Loan Agreement (Gulfmark Offshore Inc), Secured Credit Facility Agreement (Teekay Shipping Corp), Loan Agreement (Omi Corp/M I)
Representations of Lenders. Each Lender represents and warrants to each other Lender and the Agent that:
(ai) in In making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any the Agent; and
(bii) so So long as any portion of its Commitment remains remain outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 4 contracts
Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)
Representations of Lenders. Each Lender represents and warrants to each other Lender and the Agent Agents that:
(ai) in In making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any Agentthe Agents; and
(bii) so So long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 3 contracts
Samples: Credit Agreement (Chiles Magellan LLC), Credit Agreement (Chiles Offshore Inc/New/), Credit Agreement (Chiles Offshore LLC)
Representations of Lenders. Each Lender represents and warrants to each other Lender and the each Agent that:
(a) in making its decision to enter into this Credit Facility Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any Agent; and
(b) so long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 3 contracts
Samples: Credit Facility Agreement (Top Ships Inc.), Credit Facility Agreement (Top Tankers Inc.), Credit Facility Agreement (Top Tankers Inc.)
Representations of Lenders. Each Lender represents and warrants to each other Lender and the Agent Agents that:
(a1) in making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any Agent; and
(b2) so long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 2 contracts
Samples: Credit Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp)
Representations of Lenders. Each Lender represents and warrants to each other Lender and the Facility Agent that:
(a) in making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any the Facility Agent; and
(b) so long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 1 contract
Samples: Term Loan Credit Facility Agreement (SEACOR Marine Holdings Inc.)
Representations of Lenders. Each Lender represents and warrants to each other Lender and the each Agent that:
(a) in making its decision to enter into this Loan Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any Agent; and
(b) so long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 1 contract
Representations of Lenders. Each Lender represents and warrants to each other Lender and the Agent Agents that:
(a1) in making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made · an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any Agent; and
(b2) so long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 1 contract
Representations of Lenders. Each Lender represents and warrants to each other Lender and the each Agent that:
(aA) in making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any Agent; and
(bB) so long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 1 contract
Samples: Term Loan and Revolving Credit Facility Agreement (Stolt Nielsen S A)
Representations of Lenders. Each Lender represents and warrants to each other Lender and the Agent that:
(a) in making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any the Agent; and
(b) so long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 1 contract
Representations of Lenders. Each Lender represents and warrants to each other Lender and the each Agent that:
(aA) in making its decision to enter into this Credit Facility Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any Agent; and
(bB) so long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 1 contract
Representations of Lenders. Each Lender represents and warrants to each other Lender and the Agent Creditor that:
(a) in making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any AgentCreditor; and
(b) so long as any portion of its Commitment remains outstanding, it will shall continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 1 contract
Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp)
Representations of Lenders. Each Lender represents and warrants to each other Lender and the Agent that:
(a1) in making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any Agent; and
(b2) so long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 1 contract
Samples: Facility Agreement (International Shipholding Corp)
Representations of Lenders. Each Lender represents and warrants to each other Lender and the Agent that:
(ai) in In making its decision to enter into this Agreement and to make its Commitment available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any the Agent; and
(bii) so So long as any portion of its Commitment remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 1 contract
Representations of Lenders. Each Lender represents and warrants to each other Lender and the Agent Agents that:
(a) in making its decision to enter into this Agreement and to make its Commitment Advances available hereunder, it has independently taken whatever steps it considers necessary to evaluate the financial condition and affairs of the Security Parties, that it has made an independent credit judgment and that it has not relied upon any statement, representation or warranty by any other Lender or any Agent; and
(b) so long as any portion of its Commitment Advances remains outstanding, it will continue to make its own independent evaluation of the financial condition and affairs of the Security Parties.
Appears in 1 contract
Samples: Senior Secured Term Loan Facility Agreement (International Shipholding Corp)