Common use of Lack of Reliance on Agent and Resignation Clause in Contracts

Lack of Reliance on Agent and Resignation. Independently and without reliance upon Agent or any other Lender, each Lender has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of each Borrower in connection with the making and the continuance of the Advances hereunder and the taking or not taking of any action in connection herewith, and (ii) its own appraisal of the creditworthiness of each

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Maxum Petroleum Holdings, Inc.)

Lack of Reliance on Agent and Resignation. (i) Independently and without reliance upon Agent or any other Lender, each Lender has made and shall continue to make (iA) its own independent investigation of the financial condition and affairs of each Borrower in connection with the making and the continuance of the Advances Loans hereunder and the taking or not taking of any action in connection herewith, and (iiB) its own appraisal of the creditworthiness of eachappraisal

Appears in 1 contract

Sources: Loan and Security Agreement (Transact Technologies Inc)

Lack of Reliance on Agent and Resignation. Independently and without reliance upon Agent or any other Lender, each Lender has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of each Borrower Loan Party in connection with the making and the continuance of the Advances Loans hereunder and the taking or not taking of any action in connection herewith, and (ii) its own appraisal of the creditworthiness of eachand

Appears in 1 contract

Sources: Senior Credit Agreement