Common use of Limitation of responsibility of Existing Lender Clause in Contracts

Limitation of responsibility of Existing Lender. (a) Unless expressly agreed to the contrary, an Existing Lender makes no representation or warranty and assumes no responsibility to a New Lender for: (i) the legality, validity, effectiveness, adequacy or enforceability of the Finance Documents or any other documents; (ii) the financial condition of any Transaction Party or any other person; (iii) the performance and observance by any Transaction Party or any other person of its obligations under the Finance Documents or any other documents; or (iv) the accuracy of any statements (whether written or oral) made in or in connection with any Finance Document or any other document, and any representations or warranties implied by law are excluded. (b) Each New Lender confirms to the Existing Lender that it: (i) has made (and shall continue to make) its own independent investigation and assessment of the financial condition and affairs of each Transaction Party and its related entities and any other person in connection with its participation in this Agreement and has not relied exclusively on any information provided to it by the Existing Lender in connection with any Finance Document; and (ii) will continue to make its own independent appraisal of the creditworthiness of each Transaction Party and its related entities and any other person whilst any amount is or may be outstanding under the Finance Documents or any Commitment is in force. (c) Nothing in any Finance Document obliges the Existing Lender to: (i) accept a re-transfer from a New Lender of any of the rights and obligations assigned or transferred under this Clause 24; or (ii) support any losses directly or indirectly incurred by the New Lender by reason of the non-performance by any Transaction Party or any other person of its obligations under the Finance Documents or otherwise.

Limitation of responsibility of Existing Lender. (a) Unless expressly agreed to the contrary, an Existing Lender makes no representation or warranty and assumes no responsibility to a New Lender for: (i) the business, assets, prospects, condition (financial or otherwise) or results of operations of any Obligor or any member of the Group; (ii) the legality, validity, effectiveness, adequacy enforceability, adequacy, accuracy, completeness or enforceability of the performance of: (A) any Finance Documents Document or any other documentsdocument; (iiB) the financial condition of any Transaction Party statement or any other person; (iii) the performance and observance by any Transaction Party or any other person of its obligations under the Finance Documents or any other documents; or (iv) the accuracy of any statements information (whether written or oral) made in or supplied in connection with any Finance Document; or (C) any observance by any Obligor of its obligations under any Finance Document or any other document, and any representations or warranties implied by law are excluded. (b) Each New Lender confirms to the Existing Lender and the other Finance Parties that it: (i) has made (made, and shall will continue to make) , its own independent investigation and assessment appraisal of all risks arising under or in connection with the Finance Documents (including the financial condition and affairs of each Transaction Party Obligor and its related entities and the nature and extent of any other person recourse against any Party or its assets) in connection with its participation in this Agreement and Agreement; (ii) has not relied exclusively on any information provided supplied to it by the Existing Lender in connection with any Finance Document; and (iiiii) will continue to make its own independent appraisal is a person whose ordinary business includes participation in syndicated facilities of the creditworthiness of each Transaction Party and its related entities and any other person whilst any amount is or may be outstanding under the Finance Documents or any Commitment is in forcethis type. (c) Nothing in any Finance Document obliges the requires an Existing Lender to: (i) accept a re-transfer from a New Lender of any of the rights and obligations assigned or transferred under this Clause 24Clause; or (ii) support any losses directly or indirectly incurred by the New Lender by reason of the non-performance by any Transaction Party or any other person Obligor of its obligations under the any Finance Documents Document or otherwise.

Limitation of responsibility of Existing Lender. (a) Unless expressly agreed to the contrary, an Existing Lender makes no representation or warranty and assumes no responsibility to a New Lender for: (i) the financial condition of an Obligor; or (ii) the legality, validity, effectiveness, adequacy enforceability, adequacy, accuracy, completeness or enforceability of the performance of: (A) any Finance Documents Document or any other documentsdocument; (iiB) the financial condition of any Transaction Party statement or any other person; (iii) the performance and observance by any Transaction Party or any other person of its obligations under the Finance Documents or any other documents; or (iv) the accuracy of any statements information (whether written or oral) made in or supplied in connection with any Finance Document, or (C) any observance by any Obligor of its obligations under any Finance Document or any other documentdocuments, and any representations or warranties implied by law are excluded. (b) Each New Lender confirms to the Existing Lender and the other Finance Parties that it: (i) has made (made, and shall will continue to make) , its own independent investigation and assessment appraisal of all risks arising under or in connection with the Finance Documents (including the financial condition and affairs of each Transaction Party Obligor and its related entities and the nature and extent of any other person recourse against any Party or its assets) in connection with its participation in this Agreement and Agreement; and (ii) has not relied exclusively on any information provided supplied to it by the Existing Lender in connection with any Finance Document; and (ii) will continue to make its own independent appraisal of the creditworthiness of each Transaction Party and its related entities and any other person whilst any amount is or may be outstanding under the Finance Documents or any Commitment is in force. (c) Nothing in any Finance Document obliges the requires an Existing Lender to: (i) accept a re-transfer from a New Lender of any of the rights and obligations assigned or transferred under this Clause 24Clause; or (ii) support any losses directly or indirectly incurred by the New Lender by reason of the non-performance by any Transaction Party or any other person either Obligor of its obligations under the any Finance Documents Document or otherwise.

Limitation of responsibility of Existing Lender. (a) Unless expressly agreed to the contrary, an Existing Lender makes no representation or warranty and assumes no responsibility to a New Lender for: (i) the financial condition of a Principal Project Party; (ii) the legality, validity, effectiveness, adequacy enforceability, adequacy, accuracy, completeness or enforceability of performance of: (A) the Finance Documents or any other documentsdocument; (iiB) the financial condition of any Transaction Party statement or any other person; (iii) the performance and observance by any Transaction Party or any other person of its obligations under the Finance Documents or any other documents; or (iv) the accuracy of any statements information (whether written or oral) made in or supplied in connection with any Finance Document; or (C) any observance by any Principal Project Party of its obligations under any Finance Document or any other document, and any representations or warranties implied by law are excluded. (b) Each New Lender confirms to the Existing Lender and the other Finance Parties that it: (i) has made (and shall continue to make) its own independent investigation and assessment appraisal of all risks arising under or in connection with the Finance Documents (including the financial condition and affairs of the Company and each Transaction Principal Project Party and and, in each case, its related entities and the nature and extent of any other person recourse against any Party or its assets) in connection with its participation in this Agreement and each Finance Document; and (ii) has not relied exclusively on any information provided to it by the Existing Lender in connection with any Finance Document; and (ii) will continue to make its own independent appraisal of the creditworthiness of each Transaction Party and its related entities and or any other person whilst any amount is or may be outstanding under the Finance Documents or any Commitment is in forceParty. (c) Nothing in any Finance Document obliges the an Existing Lender to: (i) accept a re-transfer from a the New Lender of any of the rights and or obligations assigned or transferred under this Clause 24Clause; or (ii) support any losses directly or indirectly incurred by the New Lender by reason of the non-performance by any Transaction Party the Company or any other person Principal Project Party of its obligations under the any Finance Documents Document or otherwise.