Common use of Condition of Borrowers Clause in Contracts

Condition of Borrowers. The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Obligors such information concerning the financial condition, business and operations of each Obligor as the Guarantor requires, and that no Secured Party has any duty, and the Guarantor is not relying on any Secured Party at any time, to disclose to the Guarantor any information relating to the business, operations or financial condition of any Obligor or any other guarantor (the guarantors waiving any duty on the part of the Secured Parties to disclose such information and any defense relating to the failure to provide the same).

Condition of Borrowers. The Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Obligors such information concerning the financial condition, business and operations of each Obligor as the Guarantor requiresGuarantors require, and that no Secured Party has any duty, and the Guarantor is Guarantors are not relying on any Secured Party at any time, to disclose to the Guarantor Guarantors any information relating to the business, operations or financial condition of any Obligor or any other guarantor (the guarantors Guarantors waiving any duty on the part of the Secured Parties to disclose such information and any defense relating to the failure to provide the same).