Common use of Lack of Reliance on the Agent Clause in Contracts

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 121 contracts

Samples: Security Agreement (High Wire Networks, Inc.), Security Agreement (Prairie Operating Co.), Security Agreement (NovaBay Pharmaceuticals, Inc.)

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Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 34 contracts

Samples: Security Agreement (Ensysce Biosciences, Inc.), Security Agreement (Greenwave Technology Solutions, Inc.), Security Agreement (Digital Ally, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 27 contracts

Samples: Security Agreement (Charge Enterprises, Inc.), Security Agreement (Optimus Healthcare Services, Inc.), Security Agreement (NightFood Holdings, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s 's investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 17 contracts

Samples: Security Agreement (Ecotality, Inc.), Security Agreement (Universal Energy Corp.), Security Agreement (Telanetix,Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 9 contracts

Samples: Security Agreement (Bloomios, Inc.), Security Agreement (Recruiter.com Group, Inc.), Security Agreement (Amergent Hospitality Group, Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the this Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the this Agreement, the Debentures or any of the other Transaction Documents.

Appears in 4 contracts

Samples: Pledge and Security Agreement (Guardian 8 Holdings), Pledge and Security Agreement (EnerJex Resources, Inc.), Pledge and Security Agreement (U S Wireless Data Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s 's investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 4 contracts

Samples: Security Agreement (TNX Television Holdings Inc), Security Agreement (Tarrant Apparel Group), Registration Rights Agreement (Tarrant Apparel Group)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Note or any of the other Transaction Documents.

Appears in 4 contracts

Samples: Security Agreement (Giga Tronics Inc), Security Agreement (Biotech Products Services & Research, Inc.), Security Agreement (Casita Enterprises, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Note or any of the other Transaction Documents.

Appears in 4 contracts

Samples: Security Agreement (Xenetic Biosciences, Inc.), Security Agreement (Directview Holdings Inc), Security Agreement (ECO Building Products, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 3 contracts

Samples: Security Agreement (LifeMD, Inc.), Security Agreement (Legend Oil & Gas, Ltd.), Security Agreement (Brillian Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyBank and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Borrower and its subsidiaries Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, Loans and the transactions contemplated by the Transaction Documents, participation in Letters of Credit and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company Borrower and its subsidiariesSubsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Bank or the holder of any Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans, the participation in the Letters of Credit or at any time or times thereafter. The Agent shall not be responsible to any Bank or the Debtors or holder of any Secured Party Note for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the this Agreement or any other Transaction Document, Credit Document or for the financial condition of the Debtors Borrower or the value of any of the Collateral, its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Credit Document, or the financial condition of the Debtors, Borrower or the value of any of the Collateral, its Subsidiaries or the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 3 contracts

Samples: Credit Agreement (Reckson Services Industries Inc), Credit Agreement (Moovies Inc), And Assumption Agreement (Vantas Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 3 contracts

Samples: Security Agreement (Boldface Group, Inc.), Security Agreement (Boldface Group, Inc.), Security Agreement (Boldface Group, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 3 contracts

Samples: Security Agreement (Medovex Corp.), Security Agreement (MassRoots, Inc.), Intellectual Property Security Agreement (Telecommunication Systems Inc /Fa/)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyBank and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of Holdings, the Company Borrower and its subsidiaries Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Loans and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of Holdings, the Company Borrower and its subsidiariesSubsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Bank or the holder of any Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans or at any time or times thereafter. The Agent shall not be responsible to any Bank or the Debtors or holder of any Secured Party Note for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the this Agreement or any other Transaction Document, Credit Document or for the financial condition of the Debtors or the value of any of the Collateral, Borrower and its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Credit Document, or the financial condition of Holdings, the Debtors, or the value of any of the Collateral, Borrower and its Subsidiaries or the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 3 contracts

Samples: Credit Agreement (Universal Outdoor Holdings Inc), Consolidation And (Universal Outdoor Inc), Credit Agreement (Universal Outdoor Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party for any recitals, statements, information, financial statements, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the this Agreement or any other Transaction Documentrelated agreement or any contracts or insurance policies, or for the financial condition of the Debtors Company or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Documentrelated agreement, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the this Agreement, the Debentures Notes or any of the other Transaction Documentsrelated agreement.

Appears in 3 contracts

Samples: Security Agreement (SONDORS Inc.), Security Agreement (Alldigital Holdings, Inc.), Security Agreement (Alldigital Holdings, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Debtor and its subsidiaries in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Debtor and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors any Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors any Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtorsany Debtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Purchase Agreement, the Note or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Patent and Trademark Security Agreement (YayYo, Inc.), Security Agreement (YayYo, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyCreditor, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Pledgor and its subsidiaries in connection with such Secured PartyCreditor’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction DocumentsIndebtedness, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Pledgor and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Creditor with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations Indebtedness are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party Creditor for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction DocumentAgreement, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documentsotherwise.

Appears in 2 contracts

Samples: Security Agreement (Creatd, Inc.), Security Agreement (Anpath Group, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyPledgees, to the extent it deems they deem appropriate, has have made and shall continue to make (i) its their own independent investigation of the financial condition and affairs of the Company Pledgor and its subsidiaries in connection with such Secured Party’s Pledgees’ investment in the DebtorsPledgor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Obligations and the taking or not taking of any action in connection therewith, and (ii) its their own appraisal of the creditworthiness of the Company Pledgor and its subsidiaries, and of the value of the Pledged Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Pledgees with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Pledgor or any Secured Party Pledgees for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction DocumentAgreement, or for the financial condition of the Debtors Pledgor or the value of any of the Pledged Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction DocumentAgreement, or the financial condition of the DebtorsPledgor, or the value of any of the Pledged Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, Agreement or the Debentures or any of the other Transaction Documentsrelated agreement.

Appears in 2 contracts

Samples: Pledge Agreement, Pledge Agreement (Accentia Biopharmaceuticals Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtorspurchase of Notes, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiariesCompany, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party for any recitals, statements, information, financial statements, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the this Agreement or any other Transaction Documentrelated agreement or any contracts or insurance policies, or for the financial condition of the Debtors Company or the value of any of the Collateral, or have any duty to ascertain or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Documentrelated agreement, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, or the existence or possible existence or absence of any default or Event of Default under the this Agreement, the Debentures Notes or any of the other Transaction Documentsrelated agreement, or the contents of any certificate, report or other document delivered under this Agreement, Notes or any of the other related agreement or in connection therewith. It is acknowledged and agreed by the Secured Parties and the Company that the Agent (i) has undertaken no analysis of this Agreement or the Pledged Collateral and (ii) has made no determination as to (x) the validity, enforceability, perfection, collectability, priority or sufficiency of any Liens granted or purported to be granted pursuant to this Agreement or (y) the accuracy or sufficiency of the documents, filings, recordings and other actions taken, or to be taken, to create, perfect or maintain the existence, perfection or priority of the Liens granted or purported to be granted pursuant to this Agreement. The Agent shall be entitled to assume that all Liens purported to be granted pursuant to this Agreement are valid and perfected Liens having the priority intended by the Secured Parties and this Agreement.

Appears in 2 contracts

Samples: Security Agreement (Pacific Ethanol, Inc.), Security Agreement (Pacific Ethanol, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Debtor and its subsidiaries in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Debtor and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors any Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors any Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtorsany Debtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Purchase Agreement, the Notes or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Patent and Trademark Security Agreement (Amarantus Bioscience Holdings, Inc.), Security Agreement (Amarantus Bioscience Holdings, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Debtor and its subsidiaries in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Debtor and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Security Agreement (QPC Lasers), Security Agreement (QPC Lasers)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Debtors and its subsidiaries in connection with such Secured Party’s 's investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Debtors and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Security Agreement (Western Power & Equipment Corp), Security Agreement (Western Power & Equipment Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries Debtor in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiariesDebtor, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Security Agreement (ADVANCED MEDICAL ISOTOPE Corp), Security Agreement (ADVANCED MEDICAL ISOTOPE Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyBank and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Holdings and its subsidiaries Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Loans and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company Holdings and its subsidiariesSubsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Bank or the holder of any Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans or at any time or times thereafter. The Agent shall not be responsible to any Bank or the Debtors or holder of any Secured Party Note for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the this Agreement or any other Transaction Document, Credit Document or for the financial condition of the Debtors Holdings or the value of any of the Collateral, its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Credit Document, or the financial condition of the Debtors, Holdings or the value of any of the Collateral, its Subsidiaries or the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 2 contracts

Samples: Credit Agreement (Atc Group Services Inc /De/), Credit Agreement (Power Ten)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Debtor and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Security Agreement (QPC Lasers), Security Agreement (QPC Lasers)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyBank and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Borrower and its subsidiaries Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, Loans and the transactions contemplated by the Transaction Documents, participation in Letters of Credit and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company Borrower and its subsidiariesSubsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Bank or the holder of any Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans, the participation in the Letters of Credit or at any time or times thereafter. The Agent shall not be responsible to any Bank or the Debtors or holder of any Secured Party Note for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the this Agreement or any other Transaction Document, Credit Document or for the financial condition of the Debtors Borrower or the value of any of the Collateral, its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Credit Document, or the financial condition of the Debtors, Borrower or the value of any of the Collateral, its Subsidiaries or the existence or possible existence of any default Default or Event of Default under Default. In no event shall the AgreementAgent be required in contravention of applicable law or if such action would cause it, the Debentures in its sole determination, to incur any risk or any of the other Transaction Documentsliability for which it is not adequately indemnified for to its satisfaction.

Appears in 2 contracts

Samples: Credit Agreement (Ubiquitel Inc), Credit Agreement (Thane International Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Debtor and its subsidiaries in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Debtor and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors any Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors any Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtorsany Debtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Purchase Agreement, the Notes or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Security Agreement (xG TECHNOLOGY, INC.), Security Agreement (xG TECHNOLOGY, INC.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsGrantors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction DocumentsSecurities Purchase Agreements, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Grantors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction DocumentAgreement, or for the financial condition of the Debtors Grantors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction DocumentAgreement, or the financial condition of the DebtorsGrantors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes, or any of the other Transaction Documentstransaction document executed in connection therewith.

Appears in 2 contracts

Samples: Security Agreement (Pure Bioscience, Inc.), Security Agreement (ZBB Energy Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party for any recitals, statements, information, financial statements, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction DocumentDocument or any contracts or insurance policies, or for the financial condition of the Debtors Company or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Security Agreement (Balqon Corp.), Security Agreement (Balqon Corp.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s 's investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Company or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Israeli Security Agreement (Metalink LTD), Security Agreement (Metalink LTD)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party for any recitals, statements, information, financial statements, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the this Agreement or any other Transaction Documentrelated agreement or any contracts or insurance policies, or for the financial condition of the Debtors Company or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Documentrelated agreement, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the this Agreement, the Debentures Debentures, the Professional Notes or any of the other Transaction Documentsrelated agreement.

Appears in 2 contracts

Samples: Security Agreement (US Dry Cleaning Services Corp), Security Agreement (US Dry Cleaning Services Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (ia) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (iib) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Security Agreement (AtheroNova Inc.), Security Agreement (AtheroNova Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Debtor and its subsidiaries in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Debtor and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Security Agreement (Amarantus Bioscience Holdings, Inc.), Security Agreement (Victory Electronic Cigarettes Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s 's investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Security Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Security Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Security Agreement, the Debentures or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Security Agreement (Practicexpert Inc), Security Agreement (Practicexpert Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyPledgees, to the extent it deems appropriate, has have made and shall continue to make (i) its their own independent investigation of the financial condition and affairs of the Company Pledgor and its subsidiaries in connection with such Secured Party’s Pledgees’ investment in the DebtorsPledgor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its their own appraisal of the creditworthiness of the Company Pledgor and its subsidiaries, and of the value of the Pledged Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Pledgees with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Pledgor or any Secured Party Pledgees for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction DocumentAgreement, or for the financial condition of the Debtors Pledgor or the value of any of the Pledged Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction DocumentAgreement, or the financial condition of the DebtorsPledgor, or the value of any of the Pledged Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Agreement or any of the other Transaction Documents.

Appears in 2 contracts

Samples: Registration Rights Agreement (Accentia Biopharmaceuticals Inc), Pledge Agreement (Accentia Biopharmaceuticals Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyBank and the holder of each Revolving Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Holdings and its subsidiaries Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Revolving Loans and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company Holdings and its subsidiariesSubsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Bank or the holder of any Revolving Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Revolving Loans or at any time or times thereafter. The Agent shall not be responsible to any Bank or the Debtors or holder of any Secured Party Revolving Note for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the this Agreement or any other Transaction Document, Credit Document or for the financial condition of the Debtors or the value of any of the Collateral, Holdings and its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Credit Document, or the financial condition of the Debtors, or the value of any of the Collateral, Holdings and its Subsidiaries or the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 2 contracts

Samples: Credit Agreement (H-R Window Supply Inc), Credit Agreement (Neodata Services Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyPledgee, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Pledgor and its subsidiaries in connection with such Secured Party’s Pledgee's investment in the DebtorsPledgor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Pledgor and its subsidiaries, and of the value of the Pledged Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Pledgee with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Pledgor or any Secured Party Pledgee for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction DocumentAgreement, or for the financial condition of the Debtors Pledgor or the value of any of the Pledged Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction DocumentAgreement, or the financial condition of the DebtorsPledgor, or the value of any of the Pledged Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Convertible Debentures or oor any of the other Transaction Documents.

Appears in 1 contract

Samples: Pledge Agreement (Wastemasters Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyPledgee, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Partythe Pledgee’s investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Pledged Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Pledgee with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Pledgors or any Secured Party Pledgee for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Company or the value of any of the Pledged Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsCompany, or the value of any of the Pledged Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Note or any of the other Transaction Documents.

Appears in 1 contract

Samples: Pledge and Security Agreement (Grom Social Enterprises, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s 's investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Terra Tech Corp.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction DocumentsDocuments (as defined in the Purchase Agreement), and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Agreement or any of the other Transaction DocumentsDocuments (as defined in the Purchase Agreement), including without limitation, any Event of Default under the Notes.

Appears in 1 contract

Samples: Security Agreement (Black Cactus Global, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each the Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any the Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any the Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Note or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Mobiquity Technologies, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyLender and Issuing Lender, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Borrower and each of its subsidiaries Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Loans and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company Borrower and each of its subsidiariesSubsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Lender or Issuing Lender with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans or at any time or times thereafter. The Agent shall not be responsible to the Debtors any Lender or any Secured Party Issuing Lender for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the this Agreement or any other Transaction DocumentLoan Document (or with respect to the validity, priority or for perfection of any security interests purported to be created thereunder) or the financial condition of the Debtors Borrower or the value of any of the Collateral, its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Loan Document, or the financial condition of the Debtors, Borrower or the value of any of the Collateral, its Subsidiaries or the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 1 contract

Samples: Loan Agreement (Qep Co Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyLender, and the Issuing Lender, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Borrower and its subsidiaries each Guarantor in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Loans and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company Borrower and its subsidiarieseach Guarantor and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Lender or the Issuing Lender with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans or at any time or times thereafter. The Agent shall not be responsible to any Lender or the Debtors or any Secured Party Issuing Lender for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the this Agreement or any other Transaction DocumentLoan Document (or with respect to the validity, priority or for perfection of any security interests purported to be created hereunder or thereunder) or the financial condition of the Debtors Borrower or the value of any of the Collateral, Guarantor or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Loan Document, or the financial condition of the Debtors, Borrower or the value of any of the Collateral, Guarantors or the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 1 contract

Samples: Loan and Security Agreement (Trans Lux Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Debtor and its subsidiaries in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Victory Electronic Cigarettes Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyPurchaser, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Oz Rey and its subsidiaries in connection with such Secured PartyPurchaser’s investment in the DebtorsOz Rey, the creation and continuance of the Secured Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Oz Rey and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Purchaser with any credit, market or other information with respect thereto, whether coming into its possession before any Secured Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Oz Rey or any Secured Party Purchaser for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Oz Rey or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsOz Rey, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default (as defined in the Notes), under the this Agreement, the Debentures Notes, or any of the other Transaction Documents.

Appears in 1 contract

Samples: Securities Exchange Agreement (Oz Rey LLC)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyBank and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries Sub- sidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, Loans and the transactions contemplated by the Transaction Documents, participation in Letters of Credit and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company and its subsidiariesSubsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Bank or the holder of any Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans or the participation in the Letters of Credit or at any time or times thereafter. The Agent shall not be responsible to any Bank or the Debtors or holder of any Secured Party Note for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycol- lectibility, priority or sufficiency of the this Agreement or any other Transaction Document, Credit Document or for the financial condition of the Debtors Company or the value of any of the Collateral, its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Credit Document, or the financial condition of the Debtors, Company or the value of any of the Collateral, its Sub- sidiaries or the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 1 contract

Samples: Credit Agreement (American Italian Pasta Co)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Debentures, the Certificate of Designation of the Series D Convertible Preferred Stock or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Guided Therapeutics Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Security Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Security Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Security Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Linux Gold Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of observanceof any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Madison Technologies Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each the Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Debtor and its subsidiaries in connection with such the Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Operative Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Debtor and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any the Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any the Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Operative Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Operative Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Note or any of the other Transaction Operative Documents.

Appears in 1 contract

Samples: Security Agreement (Intercloud Systems, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Company or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Endexx Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction DocumentsDocument, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Agreement or any of the other Transaction DocumentsDocument.

Appears in 1 contract

Samples: Security Agreement (Accentia Biopharmaceuticals Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Debentures, the Note or any of the other Transaction Documents.

Appears in 1 contract

Samples: Amended and Restated Security Agreement (Theralink Technologies, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction DocumentsNotes, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Documentthe Notes, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Documentthe Notes, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, Agreement or the Debentures or any of the other Transaction DocumentsNotes.

Appears in 1 contract

Samples: Security Agreement (Sg Blocks, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Debtors and its subsidiaries in connection with such Secured Party’s 's investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiariesDebtors, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Intraop Medical Corp)

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Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Company or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Note(s)s or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Endexx Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyPurchaser, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured PartyPurchaser’s investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness financial condition of the Company and its subsidiaries, and of the value of the Collateral Shares from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Purchaser with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party Purchaser for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Company or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Agreement or any of the other Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Technoconcepts, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyLender and the holder of each Note, to the extent it deemed or deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Loans and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company and its subsidiariesSubsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Lender or the holder of any Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans or at any time or times thereafter. The Agent shall not be responsible to any Lender or the Debtors or holder of any Secured Party Note for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the this Agreement or any other Transaction Document, Credit Document or for the financial condition of the Debtors Company or the value of any of the Collateral, its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Credit Document, or the financial condition of the Debtors, Company or the value of any of the Collateral, its Subsidiaries or the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 1 contract

Samples: Credit Agreement (Neff Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyLender, to the extent it deems appropriate, has made and shall continue to make (ia) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries Borrower in connection with such Secured PartyLender’s investment in the DebtorsBorrower, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Facility Documents, and the taking or not taking of any action in connection therewith, and (iib) its own appraisal of the creditworthiness of the Company and its subsidiariesBorrower, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Lender with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Borrower or any Secured Party Lender for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction DocumentFacility Documents, or for the financial condition of the Debtors Borrower or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction DocumentFacility Documents, or the financial condition of the DebtorsBorrower, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Agreement or any of the other Transaction Facility Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Ruthigen, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party for any recitals, statements, information, financial statements, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction DocumentDocument or any contracts or insurance policies, or for the financial condition of the Debtors Company or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Balqon Corp.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyHolder, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured PartyHolder’s investment in the DebtorsDebtor and ESI, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Holder with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor and ESI or any Secured Party Holder for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor and ESIs or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor and ESIs, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Credit Agreement (Ecosphere Technologies Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyPurchaser, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured PartyPurchaser’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Purchaser with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party Purchaser for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction DocumentDocuments, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction DocumentDocuments, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Mela Sciences, Inc. /Ny)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s 's investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. , The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Sg Blocks, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyHolder, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured PartyHxxxxx’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Holder with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party Holder for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of or creation or perfection of any security interest in any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of or creation or perfection of any security interest in any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures New Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Subordinated Security Agreement (ProSomnus, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Green Earth Technologies, Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyLender and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Borrower and its subsidiaries Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Loans and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company Borrower and its subsidiariesSubsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Lender or the holder of any Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans or at any time or times thereafter. The Agent shall not be responsible to any Lender or the Debtors or holder of any Secured Party Note for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the this Agreement or any other Transaction Document, Credit Document or for the financial condition of the Debtors or the value of any of the Collateral, Borrower and its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Credit Document, or the financial condition of the Debtors, or the value of any of the Collateral, Borrower and its Subsidiaries or the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 1 contract

Samples: Credit Agreement (Trico Marine Services Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsDebtor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Debtor or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Debtor or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsDebtor, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.. Annex B-1

Appears in 1 contract

Samples: Security Agreement (MassRoots, Inc.)

Lack of Reliance on the Agent. Independently and without ----------------------------- reliance upon the Agent, each Secured PartyBank and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Company, each Borrowing Subsidiary and its subsidiaries their respective Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Loans and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness credit worthiness of the Company Company, each Borrowing Subsidiary and its subsidiariestheir respective Subsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Bank or the holder of any Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans or at any time or times thereafter. The Agent shall not be responsible to any Bank or the Debtors or holder of any Secured Party Note for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the this Agreement or any other Transaction Document, Credit Document or for the financial condition of the Debtors or the value of any of the CollateralCompany, each Borrowing Subsidiary and their respective Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Credit Document, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, each Borrowing Subsidiary and their respective Subsidiaries or the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 1 contract

Samples: Credit Agreement (Ikon Office Solutions Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Debentures, the OID Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Cyberdefender Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s 's investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Chile Mining Technologies Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or 138358.00102/7092084v.4 sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Company or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Ceelox Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents. Anything to the contrary notwithstanding, the Agent shall have no obligation whatsoever to any Secured Party to assure that the Collateral exists or is owned by the Debtors or is cared for, protected or insured or that the liens granted pursuant to the Agreement have been properly or sufficiently or lawfully created, perfected, or enforced or are entitled to any particular priority.

Appears in 1 contract

Samples: Security Agreement (Technoconcepts, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiarieseach Debtor, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security and Pledge Agreement (Viscount Systems Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyBank and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Parent and its subsidiaries Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Loans and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company Parent and its subsidiariesSubsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Bank or the holder of any Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans or at any time or times thereafter. The Neither the Agent nor any of its affiliates nor any of their respective officers, directors, agents or employees shall not be responsible to any Bank or the Debtors holder of any Note for, or be required or have any Secured Party for duty to ascertain, inquire or verify the accuracy of, (i) any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for (ii) the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the this Agreement or any other Transaction Credit Document, or for (iii) the financial condition of the Debtors Parent or the value of any of the Collateralits Subsidiaries, or be required to make any inquiry concerning either (iv) the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Credit Document, or (v) the financial condition of the Debtors, or the value satisfaction of any of the Collateralconditions precedent set forth in Section 5 or 6, or (vi) the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 1 contract

Samples: Credit Agreement (Jordan Industries Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyPurchaser, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured PartyPurchaser’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Related Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Purchaser with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party Purchaser for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Related Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Related Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Related Documents.

Appears in 1 contract

Samples: Convertible Note and Warrant Purchase Agreement (LOCAL Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Debenture or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Innovative Card Technologies Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyCreditor, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Pledgor and its subsidiaries in connection with such Secured PartyCreditor’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction DocumentsIndebtedness, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company Pledgor and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Creditor with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations Indebtedness are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party Creditor for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction DocumentAgreement, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documentsotherwise.

Appears in 1 contract

Samples: Security Agreement (Anpath Group, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Senior Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Synova Healthcare Group Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction DocumentsDocuments (as defined in the Purchase Agreement), and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures AE Note or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Audioeye Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.. Annex B - 1

Appears in 1 contract

Samples: Security Agreement (Recruiter.com Group, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyHolder, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s Holder's investment in the DebtorsXxxxxxy, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral Mortgaged Property from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Holder with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party Holder for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement Mortgage or any other Transaction Document, or for the financial condition of the Debtors Company or the value of any of the CollateralMortgaged Property, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement Mortgage or any other Transaction Document, or the financial condition of the DebtorsCompany, or the value of any of the CollateralMortgaged Property, or the existence or possible existence of any default or Event of Default under the Agreement, Mortgage or the Debentures or any of the other Transaction DocumentsDebenture.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Baseline Oil & Gas Corp.)

Lack of Reliance on the Agent. Independently and without ----------------------------- reliance upon the Agent, each Secured PartyLender and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Holdings and its subsidiaries Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Loans and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company Holdings and its subsidiariesSubsidiaries and, and of the value of the Collateral from time to timeexcept as expressly provided in this Agreement, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Lender or the holder of any Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans or at any time or times thereafter. The Agent shall not be responsible to any Lender or the Debtors or holder of any Secured Party Note for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, herewith or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the this Agreement or any other Transaction Document, Loan Document or for the financial condition of the Debtors Holdings or the value of any of the Collateral, its Subsidiaries or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Loan Document, or the financial condition of the Debtors, Holdings or the value of any of the Collateral, its Subsidiaries or the existence or possible existence of any default Default or Event of Default under Default. In no event shall the AgreementAgent be required to take any action in contravention of applicable law or if such action would cause it, the Debentures in its sole determination, to incur any risk or any of the other Transaction Documentsliability for which it is not adequately indemnified for to its sole satisfaction.

Appears in 1 contract

Samples: Agreement (Physician Health Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyHolder, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured PartyXxxxxx’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Holder with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party Holder for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of or creation or perfection of any security interest in any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of or creation or perfection of any security interest in any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures New Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Senior Security Agreement (ProSomnus, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the DebtorsCompany, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Company or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsCompany, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Notes or any of the other Transaction Documents.. ENDEXX M2B and 3A Security Agreement August 2022.2 clean

Appears in 1 contract

Samples: Security Agreement (Endexx Corp)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its i)its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its ii)its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Healthcare Corp of America)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyPledgee, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured PartyPledgee’s investment in the DebtorsPledgors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Pledgee with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Pledgors or any Secured Party Pledgee for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Pledgors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsPledgors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 1 contract

Samples: Pledge and Security Agreement (Solar Wind Energy Tower, Inc.)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtors, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors or any Secured Party for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, Table of Contents effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors or the value of any of the Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the Debtors, or the value of any of the Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures Senior Notes or any of the other Transaction Documents.

Appears in 1 contract

Samples: Security Agreement (Synova Healthcare Group Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured Party, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company and its subsidiaries in connection with such Secured Party’s investment in the Debtorspurchase of Notes, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiariesCompany, and of the value of the Collateral (as defined in each Collateral Document) from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Company or any Secured Party for any recitals, statements, information, financial statements, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibilitycollectability, priority or sufficiency of the Agreement this Agreement, any other Collateral Document, or any other Transaction Documentrelated agreement or any contracts or insurance policies, or for the financial condition of the Debtors Company or the value of any of the CollateralCollateral (as defined in any of the Collateral Documents), or have any duty to ascertain or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement this Agreement, any other Collateral Document, or any other Transaction Documentrelated agreement, or the financial condition of the DebtorsCompany, or the value of any of the CollateralCollateral (as defined in any Collateral Document), or the existence or possible existence or absence of any default or Event of Default under the this Agreement, the Debentures Notes, any other Collateral Document, or any of the other Transaction Documentsrelated agreement, or the contents of any certificate, report or other document delivered under this Agreement, any other Collateral Document, Notes or any of the other related agreement or in connection therewith. It is acknowledged and agreed by the Secured Parties and the Company that the Agent (i) has undertaken no analysis of this Agreement, any other Collateral Document, or the Pledged Collateral or any “Collateral” under any other Collateral Document and (ii) has made no determination as to (x) the validity, enforceability, perfection, collectability, priority or sufficiency of any Liens granted or purported to be granted pursuant to this Agreement or any other Collateral Document or (y) the accuracy or sufficiency of the documents, filings, recordings and other actions taken, or to be taken, to create, perfect or maintain the existence, perfection or priority of the Liens granted or purported to be granted pursuant to this Agreement or any other Collateral Document. The Agent shall be entitled to assume that all Liens purported to be granted pursuant to this Agreement and pursuant to each other Collateral Document are valid and perfected Liens having the priority intended by the Secured Parties and this Agreement (or such other Collateral Document, as applicable).

Appears in 1 contract

Samples: Security Agreement (Pacific Ethanol, Inc.)

Lack of Reliance on the Agent. the Documentation Agent and the Co-Agents. Independently and without reliance upon the Agent, the Documentation Agent and the Co-Agents, each Secured PartyBank and the holder of each Note, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Borrower and its subsidiaries Subsidiaries in connection with such Secured Party’s investment in the Debtors, making and the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, Loans and the taking or not taking of any action in connection therewith, herewith and (ii) its own appraisal of the creditworthiness of the Company Borrower and its subsidiariesSubsidiaries and, and of except as expressly provided in this Agreement, the value of Agent, the Collateral from time to time, Documentation Agent and the Agent Co-Agents shall not have no any duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Bank or the holder of any Note with any credit, market credit or other information with respect thereto, whether coming into its possession before any Obligations are incurred the making of the Loans or at any time or times thereafter. The Agent None of the Agent, the Documentation Agent, the Co-Agents or any of their respective affiliates nor any of their respective officers, directors, agents, or employees shall not be responsible to any Bank or the Debtors holder of any Note for, or be required or have any Secured Party for duty to ascertain, inquire or verify the accuracy of, (i) any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for (ii) the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the this Agreement or any other Transaction Credit Document, or for (iii) the financial condition of the Debtors or the value of Borrower and any of the Collateralits Subsidiaries, or be required to make any inquiry concerning either (iv) the performance or observance of any of the terms, provisions or conditions of the this Agreement or any other Transaction Credit Document, or (v) the financial condition of the Debtors, or the value satisfaction of any of the Collateralconditions precedent set forth in Section 5 or 6, or (vi) the existence or possible existence of any default Default or Event of Default under the Agreement, the Debentures or any of the other Transaction DocumentsDefault.

Appears in 1 contract

Samples: Credit Agreement (Big Flower Press Holdings Inc)

Lack of Reliance on the Agent. Independently and without reliance upon the Agent, each Secured PartyPledgee, to the extent it deems appropriate, has made and shall continue to make (i) its own independent investigation of the financial condition and affairs of the Company Pledgor and its subsidiaries the Issuer in connection with such Secured Party’s Pledgee's investment in the DebtorsPledgor, the creation and continuance of the Obligations, the transactions contemplated by the Transaction Documents, and the taking or not taking of any action in connection therewith, and (ii) its own appraisal of the creditworthiness of the Company and its subsidiaries, and of the value of the Pledged Collateral from time to time, and the Agent shall have no duty or responsibility, either initially or on a continuing basis, to provide any Secured Party Pledgee with any credit, market or other information with respect thereto, whether coming into its possession before any Obligations are incurred or at any time or times thereafter. The Agent shall not be responsible to the Debtors Pledgor or any Secured Party Pledgee for any recitals, statements, information, representations or warranties herein or in any document, certificate or other writing delivered in connection herewith, or for the execution, effectiveness, genuineness, validity, enforceability, perfection, collectibility, priority or sufficiency of the Agreement or any other Transaction Document, or for the financial condition of the Debtors Pledgor or the value of any of the Pledged Collateral, or be required to make any inquiry concerning either the performance or observance of any of the terms, provisions or conditions of the Agreement or any other Transaction Document, or the financial condition of the DebtorsPledgor, or the value of any of the Pledged Collateral, or the existence or possible existence of any default or Event of Default under the Agreement, the Debentures or any of the other Transaction Documents.

Appears in 1 contract

Samples: Pledge and Security Agreement (ABC Funding, Inc)

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