Timber Manager’s Waivers Sample Clauses

Timber Manager’s Waivers. All of the Obligations shall be deemed to have been made, incurred and continued in material reliance upon this Agreement. The Timber Manager agrees that: (a) the Secured Parties have made no warranties or representations with respect to the due execution, legality, validity, completeness or enforceability of the Loan Documents, or any other documents executed in connection therewith, or the collectibility of the
Sample 1
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Timber Manager’s Waivers. All of the Senior Obligations and the Subordinated Obligations shall be deemed to have been made, incurred and continued in material reliance upon this Agreement, and the Timber Manager expressly waives all notice of the acceptance by the Senior Secured Parties and the Subordinated Secured Parties. The Timber Manager agrees that: (a) the Senior Secured Parties and the Subordinated Secured Parties have made no warranties or representations with respect to the due execution, legality, validity, completeness or enforceability of the Senior Loan Documents or the Subordinated Loan Documents, or any other documents executed in connection therewith, or the collectibility of the Senior Obligations or the Subordinated Obligations; (b) the Senior Secured Parties and the Subordinated Secured Parties shall have no fiduciary duty to the Timber Manager under this Agreement; (c) the Senior Secured Parties and the Subordinated Secured Parties shall be entitled to manage and supervise their loans and other credit extensions to the Loan Parties in accordance with their usual practices, modified from time to time as they deem appropriate under the circumstances, without regard to the existence of any rights that the Timber Manager may now or hereafter have in or to any of the assets of the Loan Parties; and (d) the Senior Secured Parties and the Subordinated Secured Parties shall have no liability to the Timber Manager for, and the Timber Manager waives any claim which it may now or hereafter have against, the Senior Secured Parties and the Subordinated Secured Parties arising out of, any and all actions which the Senior Secured Parties or the Subordinated Secured Parties, in good faith, take or omit to take with respect to the Senior Obligations or the Subordinated Obligations, as the case may be, or pursuant to this Agreement.
Sample 1

Related to Timber Manager’s Waivers

  • Owner’s Representatives 9.1.1 Owner designates the individual listed below as its Senior Representative (“Owner Senior Representative”), which individual has the authority and responsibility for avoiding and resolving disputes under Section 10.2 of the General Conditions: 9.1.2 Owner designates the individual listed below as its Owner’s Representative, which individual has the authority and responsibility set forth in Section 3.3 of the General Conditions:

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  • Construction Schedule The progress schedule of construction of the Project as provided by Developer and approved by District.

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