Common use of Bank Credit Decision Clause in Contracts

Bank Credit Decision. Each Bank acknowledges that it has, independently and without reliance upon Administrative Agent, Sole Lead Arranger, Bookrunner or any other Agent or Bank and based on the financial statements prepared by Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Papers. Each Bank also acknowledges that it will, independently and without reliance upon Administrative Agent, Sole Lead Arranger, Bookrunner or any other Agent or Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Papers.

Appears in 3 contracts

Samples: Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Alliant Energy Corp), Credit Agreement (Delta Petroleum Corp/Co)

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Bank Credit Decision. Each Bank acknowledges that it has, independently and without reliance upon Administrative the Agent, Sole Lead Arranger, Bookrunner the Issuing Bank or any other Agent or Bank and based on the financial statements prepared by Borrower referred to in Section 5.01(e) and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan PapersDocuments. Each Bank also acknowledges that it will, independently and without reliance upon Administrative the Agent, Sole Lead Arranger, Bookrunner any Issuing Bank or any other Agent or Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan PapersDocuments.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Phycor Inc/Tn), Revolving Credit Agreement (Phycor Inc/Tn), Revolving Credit Agreement (Phycor Inc/Tn)

Bank Credit Decision. Each Bank acknowledges that it has, independently and without reliance upon Administrative the Agent, Sole Lead Arranger, Bookrunner the Issuing Bank or any other Agent or Bank and based on the financial statements prepared by Borrower referred to in Section 5.01(e) and its review of the Loan Documents and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan PapersDocuments. Each Bank also acknowledges that it will, independently and without reliance upon Administrative the Agent, Sole Lead Arranger, Bookrunner any Issuing Bank or any other Agent or Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan PapersDocuments.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Phycor Inc /Tn/), Revolving Credit Agreement (Phycor Inc /Tn/)

Bank Credit Decision. Each Bank acknowledges and agrees -------------------- that it has, independently and without reliance upon Administrative Agent, Sole Lead Arranger, Bookrunner either of the Agents or any other Agent or Bank and based on the financial statements prepared by Borrower referred to in Section 4.09 and such other documents and information ------------ as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan PapersCredit Agreement. Each Bank also acknowledges and agrees that it will, independently and without reliance upon Administrative Agent, Sole Lead Arranger, Bookrunner either of the Agents or any other Agent or Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Credit Agreement and the other Loan PapersDocuments.

Appears in 1 contract

Samples: Credit Agreement (Barrett Resources Corp)

Bank Credit Decision. Each Bank acknowledges that it has, independently and without reliance upon the Administrative Agent, Sole Lead Arranger, Bookrunner the Arranger or any other Agent or Bank and based on the financial statements prepared by the Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan PapersCredit Documents. Each Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent, Sole Lead Arranger, Bookrunner the Arranger or any other Agent or Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan PapersCredit Documents.

Appears in 1 contract

Samples: Credit Agreement (Integrated Electrical Services Inc)

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Bank Credit Decision. Each Bank acknowledges that it has, independently has independent of and without reliance upon Administrative Agent, Sole Lead Arranger, Bookrunner any other Bank (including the Agents) or any information provided by any other Agent or Bank (including the Agents) and based on the financial statements prepared by Borrower of the Borrowers and the Guarantors and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan PapersAgreement. Each Bank also acknowledges that it will, independently independent of and without reliance upon Administrative Agent, Sole Lead Arranger, Bookrunner or any other Agent or Bank (including the Agents) and based on such documents and information as it shall deem appropriate at the that time, continue to make its own credit decisions in taking or not taking action under this Agreement and the any other Loan Papersdocuments relating thereto.

Appears in 1 contract

Samples: Credit Facility Agreement (Ensco International Inc)

Bank Credit Decision. Each Bank acknowledges that it has, independently and without reliance upon Administrative the Agent, Sole Lead Arranger, Bookrunner the Issuing Bank or any other Agent or Bank and based on the financial statements prepared by Borrower referred to in Section 6.04 and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the any other Loan PapersDocument. Each Bank also acknowledges that it will, independently and without reliance upon Administrative the Agent, Sole Lead Arranger, Bookrunner the Issuing Bank or any other Agent or Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the any other Loan PapersDocument.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Inmac Corp)

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