No Due Diligence Services Sample Clauses
The "No Due Diligence Services" clause establishes that the party providing services under the agreement is not responsible for conducting any due diligence on behalf of the other party. In practice, this means the service provider will not investigate, verify, or assess the accuracy or completeness of information, assets, or parties involved in the transaction. This clause clarifies that the responsibility for performing due diligence rests solely with the recipient, thereby preventing misunderstandings and limiting the service provider's liability for issues that could arise from a lack of investigation.
No Due Diligence Services. Each Underwriter, severally and not jointly, represents and agrees that it has not employed any person to provide third-party “due diligence services” (as defined in Rule 17g-10 under the Exchange Act) relating to the Offered Notes or obtained a “third-party due diligence report” (as defined in Rule 15Ga-2 under the Exchange Act) relating to the Offered Notes.