Common use of Responsibilities of Lenders Clause in Contracts

Responsibilities of Lenders. It is understood and agreed by each Lender that it is, and will continue to be, solely responsible for making its own independent appraisal of and investigations into the financial condition, creditworthiness, condition, affairs, status and nature of the Shipowner, the Secretary and the United States of America and, accordingly, each Lender warrants to the Facility Agent that it has not relied and will not hereafter rely on the Facility Agent:

Appears in 7 contracts

Samples: Credit Agreement (Rowan Companies Inc), Credit Agreement (Cal Dive International Inc), Credit Agreement (Rowan Companies Inc)

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