Independent Credit Evaluation Sample Clauses
The Independent Credit Evaluation clause requires each party to independently assess the creditworthiness and financial stability of its counterparties before entering into a transaction or agreement. In practice, this means that parties cannot rely solely on the other party’s representations or on third-party assessments; instead, they must conduct their own due diligence, such as reviewing financial statements or credit ratings. This clause ensures that each party takes responsibility for its own risk assessment, thereby reducing disputes and misunderstandings related to credit risk.
Independent Credit Evaluation. The Guarantor has independently, and without reliance on any information supplied by any one or more of the Noteholders, taken, and will continue to take, whatever steps the Guarantor deems necessary to evaluate the financial condition and affairs of the Company, and the Noteholders shall have no duty to advise the Guarantor of information at any time known to the Noteholders regarding such financial condition or affairs.
Independent Credit Evaluation. Each Guarantor has independently, and without reliance on any information supplied by the Guarantied Parties, taken, and will continue to take, whatever steps such Guarantor deems necessary to evaluate the financial condition and affairs of Borrowers and each other Guarantor. No Guarantied Party has any duty to advise any Guarantor of information at any time known to it regarding the financial condition or affairs of any Borrower or any other Guarantor.
Independent Credit Evaluation. Mobile Energy has independently, and without reliance on any information supplied by the Agent or any Lender, taken, and will continue to take, whatever steps it deems necessary to evaluate the financial condition and affairs of the Company, and neither the Agent nor any Lender shall have any duty to advise Mobile Energy of information at any time known to it regarding such financial condition or affairs.
Independent Credit Evaluation. Each of the Lenders hereby confirms that it has conducted and will conduct, wholly on its self, investigation and evaluation of financial position, credibility, corporate affairs, legal and independent status of the Borrower, and has made its own judgment and decision at its own discretion, and will assume the risks accordingly, including without limitation to:
(1) Review, investigate or enquire on its behalf about the truth, accuracy or completeness of any information with respect to either Party or the transaction contemplated hereunder, no matter whether such information has been or will be provided to such Lender by the Agent Bank or the Lead Manager;
(2) Evaluate or examine on its behalf the financial position, credibility, development, corporate affairs or legal status of any other Party; or
(3) Investigate or evaluate on its behalf the legality, validity, binding effect, sufficiency or enforceability of this Agreement, or any relating document, or any act taken or to be taken by any other Lenders.
Independent Credit Evaluation. Each Guarantor has independently, and without reliance on any information supplied by the Guarantied Parties, taken, and will continue to take,
Independent Credit Evaluation. Each Pledgor has independently, and without reliance on any information supplied by the Secured Parties, taken, and will continue to take, whatever steps it deems necessary to evaluate the financial condition and affairs of the Borrower, and neither the Collateral Agent nor any other Secured Party shall have any duty to advise such Pledgor of information at any time known to it regarding such financial condition or affairs.
Independent Credit Evaluation. The Guarantor has independently, and without reliance on any information supplied by U.S. Agent or any U.S. Lender, taken, and will continue to take, whatever steps such Guarantor deems necessary to evaluate the financial condition and affairs of U.S. Borrower, and neither U.S. Agent nor any U.S. Lender shall have any duty to advise the Guarantor of information at any time known to U.S. Agent or any U.S. Lender regarding such financial condition or affairs.
Independent Credit Evaluation. Each Subsidiary Guarantor has independently, and without reliance on any information supplied by any one or more of the Noteholders, taken, and will continue to take, whatever steps such Subsidiary Guarantor deems necessary to evaluate the financial condition and affairs of the Company, and the Noteholders shall have no duty to advise any Subsidiary Guarantor of information at any time known to the Noteholders regarding such financial condition or affairs.
Independent Credit Evaluation. Guarantor has independently, and without reliance on any information supplied by Canadian Agent or any Canadian Lender, taken, and will continue to take, whatever steps Guarantor deems necessary to evaluate the financial condition and affairs of Canadian Borrower, and neither Canadian Agent nor any Canadian Lender shall have any duty to advise Guarantor of information at any time known to Canadian Agent or any Canadian Lender regarding such financial condition or affairs.
Independent Credit Evaluation. The Guarantor has independently, and without reliance on any information supplied by the Guaranteed Parties, taken, and will continue to take, whatever steps it deems necessary to evaluate the financial condition and affairs of US Holdings and any other guarantors, and the Guaranteed Parties shall have no duty to advise the Guarantor of information at any time known to them regarding such financial condition or affairs.