Common use of Information Regarding Borrower Clause in Contracts

Information Regarding Borrower. Guarantor hereby assumes responsibility for keeping itself informed of the financial condition of Borrower, and any and all endorsers and/or other guarantors of any instrument or document evidencing all or any part of Borrower's Liabilities and of all other circumstances bearing upon the risk of nonpayment of Borrower's Liabilities or any part thereof that diligent inquiry would reveal and Guarantor hereby agrees that LaSalle shall have no duty to advise Guarantor of information known to LaSalle regarding such condition or any such circumstances or to undertake any investigation not a part of its regular business routine. If LaSalle, in its sole discretion, undertakes at any time or from time to time to provide any such information to any Guarantor, LaSalle shall be under no obligation to update any such information or to provide any such information to Guarantor on any subsequent occasion.

Appears in 2 contracts

Sources: Continuing Unconditional Guaranty (Antigua Enterprises Inc), Continuing Unconditional Guaranty (Antigua Enterprises Inc)