Borrower Acknowledgements. In the event that the Principal Borrower is marketing its own Bankers’ Acceptances in accordance with Section 5.3(b), the Principal Borrower hereby agrees that it shall make its own arrangements for the marketing and sale of such Bankers’ Acceptances to be issued hereunder and that neither the Agent nor the Lenders shall have any obligation nor be responsible in that regard. The Principal Borrower further acknowledges and agrees that the availability of purchasers for such Bankers’ Acceptances requested to be issued hereunder, as well as all risks relating to the purchasers thereof, are its own risk.
Appears in 3 contracts
Samples: Credit Agreement, Assignment and Assumption (Kinder Morgan, Inc.), Assignment and Assumption (Kinder Morgan, Inc.)
Borrower Acknowledgements. In the event that the Principal Borrower is marketing its own Bankers’ Acceptances in accordance with Section 5.3(b), the Principal Borrower hereby agrees that it shall make its own arrangements for the marketing and sale of such Bankers’ Acceptances to be issued hereunder and that neither the Agent nor the Lenders shall have any obligation nor be responsible in that regard. The Principal Borrower Xxxxxxxx further acknowledges and agrees that the availability of purchasers for such Bankers’ Acceptances requested to be issued hereunder, as well as all risks relating to the purchasers thereof, are its own risk.
Appears in 1 contract
Samples: Credit Agreement
