Common use of ADVISED BY COUNSEL Clause in Contracts

ADVISED BY COUNSEL. The Obligors each acknowledge that (i) they have been advised by counsel in the preparation, negotiation, execution and delivery of this Agreement; (ii) they have made an independent decision to enter into this Agreement without reliance on any representation, warranty, covenants or undertaking by the Lender, (iii) the Lender has no fiduciary obligation toward any of the Obligors with respect to this Agreement or the other Amended Loan Documents, (iv) the relationship between the Obligors and the Lender pursuant to this Agreement and the other Amended Loan Documents is and shall be solely that of debtor and creditor, respective; and (v) each of the Obligors understands the meaning and legal effect of this Agreement.