Common use of Role of the Banks Clause in Contracts

Role of the Banks. Notwithstanding any of the terms or conditions hereof or of the other Loan Documents to the contrary, the Banks shall not have, and by their execution and acceptance of this Credit Agreement hereby expressly disclaim, any obligation or responsibility for the management, conduct or operation of the business and affairs of the Company. Any term or condition hereof, or of any of the other Loan Documents, permitting the Banks to take or refrain from taking any action with respect to the Company or the Collateral shall be deemed solely to permit the Banks to audit and review the management, operation and conduct of the business and affairs of the Company and to maintain and preserve the security given by the Company to the Agent, in its capacity as agent for the Banks, for the Secured Obligations, and may not be relied upon by any other Person. Further, the Banks shall not have, have not assumed, and by their execution and acceptance of this Credit Agreement hereby expressly disclaim, any liability or responsibility for the payment or performance of any indebtedness or obligation of the Company, and no term or condition hereof, or of any of the other Loan Documents, shall be construed otherwise.

Role of the Banks. Notwithstanding any of the terms or conditions hereof or of the other Loan Documents to the contrary, the Banks shall not have, and by their execution and acceptance of this Credit Loan Agreement hereby expressly disclaim, any obligation or responsibility for the management, conduct or operation of the business and affairs of the CompanyBorrower. Any term or condition hereof, or of any of the other Loan Documents, permitting the Banks to take or refrain from taking any action with respect to the Company or the Collateral Borrower shall be deemed solely to permit the Banks to audit and review the management, operation and conduct of the business and affairs of the Company and to maintain and preserve the security given by the Company to the Agent, in its capacity as agent for the Banks, for the Secured ObligationsBorrower, and may not be relied upon by any other Person. Further, the Banks shall not have, have not assumed, and by their execution and acceptance of this Credit Loan Agreement hereby expressly disclaim, any liability or responsibility for the payment or performance of any indebtedness or obligation of the CompanyBorrower, and no term or condition hereof, or of any of the other Loan an Documents, shall be construed otherwise.

Role of the Banks. Notwithstanding any of the terms or conditions hereof or of the other Loan Documents Instruments to the contrary, the Banks shall not have, and by their execution and acceptance of this Credit Loan Agreement hereby expressly disclaim, any obligation or responsibility for the management, conduct or operation of the business and affairs of the CompanyBorrower. Any term or condition hereof, or of any of the other Loan DocumentsInstruments, permitting the Banks to take or refrain from taking any action with respect to the Company or the Collateral Borrower shall be deemed solely to permit the Banks to audit and review the management, operation and conduct of the business and affairs of the Company and to maintain and preserve the security given by the Company to the Agent, in its capacity as agent for the Banks, for the Secured ObligationsBorrower, and may not be relied upon by any other Person. Further, the Banks shall not have, have not assumed, and by their execution and acceptance of this Credit Loan Agreement hereby expressly disclaim, any liability or responsibility responsibili- ty for the payment or performance of any indebtedness or obligation of the CompanyBorrower, and no term or condition hereof, or of any of the other Loan DocumentsInstruments, shall be construed otherwise.