Common use of Condition of Borrowers Clause in Contracts

Condition of Borrowers. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from each Borrower, each other Guarantor and any other guarantor of the Guaranteed Obligations such information concerning the financial condition, business and operations of such Borrower, such other Guarantor and any such other guarantor as such Guarantor requires, and that the Secured Parties have no duty, and such Guarantor is not relying on the Secured Parties at any time, to disclose to such Guarantor any information relating to the business, operations or financial condition of any Borrower, any other Guarantor or any other guarantor of the Guaranteed Obligations (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).

Appears in 2 contracts

Sources: Credit Agreement (Herbalife Ltd.), Credit Agreement (Herbalife Ltd.)

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

Appears in 2 contracts

Sources: Credit Agreement (Arthur J. Gallagher & Co.), Credit Agreement (Arthur J. Gallagher & Co.)

Condition of Borrowers. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from each Borrower, each other Guarantor the Borrowers and any other guarantor of the Guaranteed Obligations such information concerning the financial condition, business and operations of such Borrower, such other Guarantor the Borrowers and any such other guarantor as such Guarantor requires, and that each of the Secured Parties Administrative Agent and the Sustainability Structuring Agent has and the Lenders have no duty, and such Guarantor is not relying on the Secured Parties Administrative Agent at any time, to disclose to such Guarantor any information relating to the business, operations or financial condition of any Borrower, any other Guarantor Borrower or any other guarantor of the Guaranteed Obligations (the Guarantors each Guarantor waiving any duty on the part of the Secured Parties Administrative Agent, the Sustainability Structuring Agent or any Lender to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Sources: Credit Agreement (Host Hotels & Resorts L.P.)

Condition of Borrowers. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from each Borrower, each other Guarantor Borrowers and any other guarantor of the Guaranteed Obligations such information concerning the financial condition, business and operations of such Borrower, such other Guarantor Borrowers and any such other guarantor as such the Guarantor requires, and that the Secured Parties Agent, Collateral Agent, Documentation Agent, and Lenders have no duty, and such not Guarantor is not relying on the Secured Parties Agent, Collateral Agent, Documentation Agent, or any Lender at any time, to disclose to such Guarantor any information relating to the business, operations or financial condition of any Borrower, any other Guarantor Borrowers or any other guarantor of the Guaranteed Obligations (the Guarantors guarantor waiving any duty on the part of the Secured Parties Lender to disclose such information and any defense relating to the failure to provide the same).

Appears in 1 contract

Sources: Continuing Guaranty (Americas Carmart Inc)