Common use of Own responsibility Clause in Contracts

Own responsibility. It is understood and agreed by each Bank that it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigations into the financial condition, creditworthiness, condition, affairs, status and nature of the Borrower and, accordingly, each Bank warrants to the Agent that it has not relied and will not hereafter rely on the Agent: (i) to check or enquire on its behalf into the adequacy, accuracy or completeness of any information provided by the Borrower in connection with the Facility Documents or the transactions therein contemplated (whether or not such information has been or is hereafter circulated to each Bank by the Agent); or (ii) to assess or keep under review on its behalf the financial condition, creditworthiness, condition, affairs, status or nature of the Borrower.

Own responsibility. It is understood and agreed by each Bank that it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigations into the financial condition, creditworthiness, condition, affairs, status and nature of the Borrower Borrowers and, accordingly, each Bank warrants to the Agent that it has not relied and will not hereafter rely on the Agent: (i) to check or enquire on its behalf into the adequacy, accuracy or completeness of any information provided by the Borrower Borrowers in connection with the Facility Documents or the transactions therein contemplated (whether or not such information has been or is hereafter circulated to each Bank by the Agent); or (ii) to assess or keep under review on its behalf the financial condition, creditworthiness, condition, affairs, status or nature of the BorrowerBorrowers.

Own responsibility. It is understood and agreed by each Bank that it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigations into the financial condition, creditworthiness, condition, affairs, status and nature of the Borrower and, accordingly, each Bank warrants to the Agent that it has not relied and will not hereafter rely on the Agent: (i) to check or enquire on its behalf into the adequacy, accuracy or completeness of any information provided by the Borrower in connection with the Facility Financing Documents or the transactions therein contemplated (whether or not such information has been or is hereafter circulated to each Bank by the Agent); or (ii) to assess or keep under review on its behalf the financial condition, creditworthiness, condition, affairs, status or nature of the Borrower.