Common use of RISKS OF VALUE OF COLLATERAL Clause in Contracts

RISKS OF VALUE OF COLLATERAL. The Agent’s reference to a given asset in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit or the Term Loan and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Agent or any Revolving Credit Lender or any Term Loan Lender relative to the actual value of the asset in question. All risks concerning the value of the Collateral are and remain upon the Borrower. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Agent in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and the Term Loan.

Appears in 2 contracts

Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)

AutoNDA by SimpleDocs

RISKS OF VALUE OF COLLATERAL. The Agent’s 's reference to a given asset in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit or the Term Loan and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Agent or any Revolving Credit Lender or any Term Loan Lender relative to the actual value of the asset in question. All risks concerning the value collectability of the Receivables Collateral and the saleability of the Borrowers' Inventory are and remain upon the BorrowerBorrowers. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Agent or by any Lender in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and the Term LoanCredit.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sports Authority Inc /De/), Sports Authority Inc /De/

RISKS OF VALUE OF COLLATERAL. The Agent’s 's reference to a given asset in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit or the Term Loan and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Agent or any Revolving Credit Lender or any Term Loan Lender relative to the actual value of the asset in question. All risks concerning the value collectability of the Collateral Borrower's Accounts and the saleability of the Borrower's Inventory are and remain upon the Borrower. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Agent or by any Lender in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and the Term LoanCredit.

Appears in 1 contract

Samples: Loan and Security Agreement (Aeropostale Inc)

RISKS OF VALUE OF COLLATERAL. The Agent’s 's reference to a given asset in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit or the Term Loan and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Agent or any Revolving Credit Lender or any Term Loan Lender relative to the actual value of the asset in question. All risks concerning the value collectability of the Receivables Collateral and the merchantability of the Borrowers' Inventory are and remain upon the BorrowerBorrowers'. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Agent or by any Lender in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and the Term LoanCredit.

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

AutoNDA by SimpleDocs

RISKS OF VALUE OF COLLATERAL. The Agent’s 's reference to a given asset in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit or the Term Loan and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Agent or any Revolving Credit Lender or any Term Loan Lender relative to the actual value of the asset in question. All risks concerning the value collectability of the Receivables Collateral and the merchantability of the Borrowers' Inventory are and remain upon the BorrowerBorrowers'. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Agent or by any Lender in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and the Term Loan.Credit. 2.4

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

RISKS OF VALUE OF COLLATERAL. The Agent’s reference to a given asset in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit or the Term Loan and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by the Agent or any Revolving Credit Lender or any Term Loan Lender relative to the actual value of the asset in question. All risks concerning the value of the Collateral are and remain upon the BorrowerBorrowers. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Agent in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and the Term Loan.

Appears in 1 contract

Samples: Loan and Security Agreement (Gander Mountain Co)

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