Common use of Several Obligations; Nonreliance; Violation of Law Clause in Contracts

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) for the repayment of the Borrowings provided for herein.

Appears in 5 contracts

Samples: Credit Agreement (Worthington Industries Inc), Credit Agreement (Worthington Industries Inc), Credit Agreement (Worthington Industries Inc)

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Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Anything contained in this Agreement to the contrary notwithstanding, no Lender hereby represents that it is not relying on or looking shall be obligated to any margin stock (as defined extend credit to the Borrowers in Regulation U violation of the Board) for the repayment of the Borrowings provided for hereinapplicable law.

Appears in 4 contracts

Samples: Ascena Retail (Ascena Retail Group, Inc.), Guaranty and Collateral Agreement (Ascena Retail Group, Inc.), Ascena Retail (Ascena Retail Group, Inc.)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to the Company in violation of any Requirement of Law.

Appears in 2 contracts

Samples: Credit Agreement (CSK Auto Corp), Credit Agreement (CSK Auto Corp)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Anything contained in this Agreement to the contrary notwithstanding, no Lender hereby represents that it is not relying on or looking shall be obligated to any margin stock (as defined extend credit to the Borrower in Regulation U violation of the Board) for the repayment of the Borrowings provided for hereinapplicable law.

Appears in 2 contracts

Samples: Term Credit Agreement (Fossil Group, Inc.), Term Credit Agreement (Tailored Brands Inc)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Anything contained in this Agreement to the contrary notwithstanding, neither any Issuing Bank nor any Lender hereby represents that it is not relying on or looking shall be obligated to extend credit to the Borrowers in violation of any margin stock (as defined in Regulation U Requirement of the Board) for the repayment of the Borrowings provided for hereinLaw. SECTION 9.14.

Appears in 2 contracts

Samples: Credit Agreement (Pilgrims Pride Corp), Credit Agreement (Pilgrims Pride Corp)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) for the repayment of the Borrowings provided for herein.141

Appears in 1 contract

Samples: Credit Agreement (Winnebago Industries Inc)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Anything contained in this Agreement to the contrary notwithstanding, neither any Issuing Bank nor any Lender hereby represents that it is not relying on or looking shall be obligated to extend credit to the Borrowers in violation of any margin stock (as defined in Regulation U Requirement of the Board) for the repayment of the Borrowings provided for herein.Law. SECTION 9.14

Appears in 1 contract

Samples: Credit Agreement (Pilgrims Pride Corp)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents acknowledges that (a) it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) Margin Stock for the repayment of the Borrowings provided for herein.herein and acknowledges that the Collateral shall not include any Margin Stock and (b) it is not 187

Appears in 1 contract

Samples: Credit Agreement (TransDigm Group INC)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Anything contained in this Agreement to the contrary notwithstanding, no Lender hereby represents that it is not relying on or looking shall be obligated to any margin stock (as defined extend credit to the Company in Regulation U violation of the Board) for the repayment of the Borrowings provided for hereinapplicable law.

Appears in 1 contract

Samples: Intercreditor Agreement (Ascena Retail Group, Inc.)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that (a) it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) Margin Stock for the repayment of the Borrowings provided for herein.herein and acknowledges that the Collateral shall not include any Margin Stock and (b) it is not and will not become a β€œ

Appears in 1 contract

Samples: Credit Agreement (Harland Clarke Holdings Corp)

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Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Anything contained in this Agreement to the contrary notwithstanding, neither any Issuing Bank nor any Lender hereby represents that it is not relying on or looking shall be obligated to extend credit to the Borrowers in violation of any margin stock (as defined in Regulation U Requirement of the Board) for the repayment of the Borrowings provided for herein.Law. 152

Appears in 1 contract

Samples: Credit Agreement (Pilgrims Pride Corp)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Anything contained in this Agreement to the contrary notwithstanding, no Lender hereby represents that it is not relying on or looking shall be obligated to any margin stock (as defined extend credit to Parentthe Borrower in Regulation U violation of the Board) for the repayment of the Borrowings provided for hereinapplicable law.

Appears in 1 contract

Samples: Term Credit Agreement (Tailored Brands Inc)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) for the repayment of the Borrowings provided for herein.. Anything

Appears in 1 contract

Samples: Credit Agreement (CSS Industries Inc)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Anything contained in this Agreement to the contrary notwithstanding, no Lender hereby represents that it is not relying on or looking shall be obligated to any margin stock (as defined extend credit to Parent in Regulation U violation of the Board) for the repayment of the Borrowings provided for hereinapplicable law.

Appears in 1 contract

Samples: Junior Priority Intercreditor Agreement (Mens Wearhouse Inc)

Several Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock (as defined in Regulation U of the Board) Margin Stock for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to the Company in violation of any Requirement of Law.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Brunswick Corp)

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