Common use of Non-Reliance on Agent and Other Banks Clause in Contracts

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower and its Subsidiaries and decision to enter into this Agreement and accept its Note and that it will, independently and without reliance upon the Agent or any other Bank, 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 and its Note. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower of this Agreement or any other document referred to or provided for herein or to inspect the properties or books of the Borrower or any of its Subsidiaries. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower or any of its Subsidiaries (or any of their affiliates) which may come into the possession of the Agent or any of its affiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower Company and its Subsidiaries and decision to enter into this Agreement and accept its Note and that it will, independently and without reliance upon the Agent or any other Bank, 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 and its NoteAgreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower any Obligor of this Agreement or any of the other Basic Documents or any other document referred to or provided for herein or therein or to inspect the properties Properties or books of the Borrower Company or any of its Subsidiaries. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower Company or any of its Subsidiaries (or any of their affiliatesAffiliates) which that may come into the possession of the Agent or any of its affiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the each Borrower and its Subsidiaries and decision to enter into this Agreement and accept its Note and that it will, independently and without reliance upon the Agent or any other Bank, 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 and its Noteor the other Loan Documents. The Agent shall not be required to keep itself informed as to the performance or observance by the any Borrower of this Agreement or the other Loan Documents or any other document referred to or provided for herein or therein or to inspect the properties or books of the Borrower or any of its SubsidiariesBorrower. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunderhereunder or under the other Loan Documents, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower or any of its Subsidiaries (or any of their affiliates) which Borrower, that may come into the possession of the Agent or any of its affiliatesAffiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower Borrowers and their respective Subsidiaries and its Subsidiaries and own decision to enter into this Agreement and accept its Note and that it will, independently and without reliance upon on the Agent or any other Bank, 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 and its NoteAgreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower Borrowers or any other Person of this Agreement or any other document referred to Credit Document or provided for herein or to inspect in respect of the properties or books of the Borrower Borrowers or any of its Subsidiariesother their respective Subsidiaries or any other Person. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower or any of its Subsidiaries Borrowers (or any of their affiliatesrespective Subsidiaries or other Affiliates) which may come into the possession of the Agent or any of its affiliatesAffiliates.

Non-Reliance on Agent and Other Banks. Each Bank ------------------------------------- agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information infor- mation as it has deemed appropriate, made its own credit analysis of the Borrower and each Subsidiary and its Subsidiaries and decision to enter into the transactions contemplated by this Agreement and accept its Note and that it will, independently and without reliance upon the Agent or any other Bank, 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 and its NoteAgreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower of this Agreement or any other document referred to or provided for herein or to inspect the properties or books of the Borrower or any of its SubsidiariesSubsidiary. Except for notices, reports reports, and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition condition, or business of the Borrower or any of its Subsidiaries Subsidiary (or any of their affiliatesAffiliates) which may come into the possession of the Agent or any of its affiliatesAffiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower State, and its Subsidiaries and decision to enter into this Agreement and accept its Note and that it will, independently and without reliance upon the Agent or any other Bank, 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 and its NoteAgreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower State of this Agreement any Related Document or any other document referred to or provided for herein or to inspect the properties or books of the Borrower State. The Agent shall provide to each Bank a copy of each notice or any of its Subsidiariescommunication that may be provided to the Agent under this Agreement. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower or any of its Subsidiaries (or any of their affiliates) which State that may come into the possession of the Agent or any of its affiliates.

Non-Reliance on Agent and Other Banks. Each Bank agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower Company and its Subsidiaries and Fibreboard and its Subsidiaries and its own decision to enter into this Agreement and accept its Note Agreement, and that it will, independently and without reliance upon on the Agent or any other Bank, 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 and its NoteAgreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower Company of this Agreement or any other document referred to or provided for herein or to inspect the properties or books of the Borrower Company or any of its SubsidiariesSubsidiary. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunderunder this Agreement, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower Company or any of its Subsidiaries (or any of their affiliates) which Affiliates that may come into the possession of the Agent or any of its affiliatesSubsidiaries or Affiliates.

Non-Reliance on Agent and Other Banks. Each Bank -------------------------------------- agrees that it has, independently and without reliance on the Agent or any other Bank, and based on such documents and information as it has deemed appropriate, made its own credit analysis and evaluation of the Borrower and its Subsidiaries and its own decision to enter into this Agreement and accept its Note and that it will, independently and without reliance upon on the Agent or any other Bank, 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 and its NoteAgreement. The Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Person of this Agreement or any other document referred to Credit Document or provided for herein or to inspect in respect of the properties or books of the Borrower or any of its SubsidiariesSubsidiaries or any other Person. Except for notices, reports and other documents and information expressly required to be furnished to the Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower (or any of its Subsidiaries (or any of their affiliatesother Affiliates) which may come into the possession of the Agent or any of its affiliatesAffiliates.