Common use of Banks' Credit Decisions Clause in Contracts

Banks' Credit Decisions. Each Bank agrees that it has, independently and without reliance upon the Administrative Agent, any other Bank, or the directors, officers, agents, or employees of the Administrative Agent or of any other Bank, and instead in reliance upon information supplied to it by or on behalf of Borrower and its Subsidiaries and upon such other information as it has deemed appropriate, made its own independent credit analysis and decision to enter into this Agreement. Each Bank also agrees that it shall, independently and without reliance upon the Administrative Agent, any other Bank, or the directors, officers, agents, or employees of the Administrative Agent or of any other Bank, continue to make its own independent credit analyses and decisions in acting or not acting under the Loan Documents.

Appears in 5 contracts

Samples: Revolving Loan Agreement (Kb Home), Term Loan Agreement (Kaufman & Broad Home Corp), Revolving Loan Agreement (Kaufman & Broad Home Corp)

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Banks' Credit Decisions. Each Bank agrees that it has, independently and without reliance upon the Administrative Agent, any other Bank, Bank or the directors, officers, agents, employees or employees attorneys of the Administrative Agent or of any other Bank, and instead in reliance upon information supplied to it by or on behalf of Borrower and its Subsidiaries and upon such other information as it has deemed appropriate, made its own independent credit analysis and decision to enter into this Agreement. Each Bank also agrees that it shall, independently and without reliance upon the Administrative Agent, any other Bank, Bank or the directors, officers, agents, employees or employees attorneys of the Administrative Agent or of any other Bank, continue to make its own independent credit analyses and decisions in acting or not acting under the Loan Documents.

Appears in 4 contracts

Samples: Unsecured Credit Agreement (BioMed Realty Trust Inc), Loan Agreement (Eldorado Resorts LLC), Credit Agreement (Science Applications International Corp)

Banks' Credit Decisions. Each Bank agrees that it has, independently and without reliance upon the Administrative Agent, any other Bank, Bank or the directors, officers, agents, employees or employees attorneys of the Administrative Agent or of any other Bank, and instead in reliance upon information supplied to it by or on behalf of Borrower and its Subsidiaries Borrowers and upon such other information as it has deemed appropriate, made its own independent credit analysis and decision to enter into this Agreement. Each Bank also agrees that it shall, independently and without reliance upon the Administrative Agent, any other Bank, Bank or the directors, officers, agents, employees or employees attorneys of the Administrative Agent or of any other Bank, continue to make its own independent credit analyses and decisions in acting or not acting under the Loan Documents.

Appears in 1 contract

Samples: Revolving Loan Agreement (BioMed Realty Trust Inc)

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Banks' Credit Decisions. Each Bank agrees that it has, ----------------------- independently and without reliance upon the Administrative Managing Agent, any other Bank, Bank or the directors, officers, agents, employees or employees attorneys of the Administrative Managing Agent or of any other Bank, and instead in reliance upon information supplied to it by or on behalf of Borrower and its Subsidiaries and upon such other information as it has deemed appropriate, made its own independent credit analysis and decision to enter into this Agreement. Each Bank also agrees that it shall, independently and without reliance upon the Administrative Managing Agent, any other Bank, Bank or the directors, officers, agents, employees or employees attorneys of the Administrative Managing Agent or of any other Bank, continue to make its own independent credit analyses and decisions in acting or not acting under the Loan Documents.

Appears in 1 contract

Samples: Revolving Loan Agreement (MGM Grand Inc)

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