Common use of Limitation of Responsibility to Existing Lenders Clause in Contracts

Limitation of Responsibility to Existing Lenders. (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 Credit Documents, the Security Documents or any other documents; (ii) the financial condition of any Credit Party; (iii) the performance and observance by any Credit Party of its obligations under the Credit Documents or any other documents; or