Common use of Lack of Reliance on Agent Clause in Contracts

Lack of Reliance on Agent. Independently and without reliance upon Agent, each Lender has made and shall continue to make its own independent investigation and analysis of the content and validity of the Credit Documents and of the performance and creditworthiness of the Credit Parties thereunder. Based on such documents and information as it has deemed appropriate, each Lender has made its own credit analysis of Borrower and of whether to enter into this Agreement. Each Lender shall, independently and without reliance upon Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement or any other Credit Document. Agent assumes no responsibility and undertakes no obligation to make inquiry with respect to such matters. Agent shall not be responsible to any Lender for any recitals, statements, representations or warranties made by Borrower or any officer, employee or official of Borrower or any other Person contained in this Agreement or any other Credit Document, or in any certificate or other document or instrument referred to or provided for it, or received by any of them under, this Agreement or any other Credit Document, or for the value, legality, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Credit Document or any other document or instrument referred to or provided for herein or therein, or for any failure by Borrower to perform any obligations hereunder or thereunder. Agent shall not be required to keep itself informed as to Borrower's compliance with this Agreement or any other Credit Document or any other document referred to or provided for herein or therein or to inspect the properties or books and records and Borrower. Except for notices, reports, and other documents and information that this Agreement expressly requires Agent to furnish to the Lenders, Agent shall have no duty or obligation to provide any Lender with any credit or other information concerning the affairs, financial condition or business of any Credit Party. Agent shall not be required to file this Agreement, any other Credit Document, or any document or instrument referred to herein or therein, for record, or to give notice to anyone of any of the foregoing.