Common use of Condition of Borrower Clause in Contracts

Condition of Borrower. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower such information concerning the financial condition, business, and operations of the Borrower as Guarantors require, and that no Credit Party shall have any duty, and the Guarantors are not relying on any Credit Party at any time, to disclose to the Guarantors any information relating to the business, operations, or financial condition of the Borrower.

Appears in 9 contracts

Samples: Term Loan Agreement (STAG Industrial, Inc.), Term Loan Agreement (STAG Industrial, Inc.), Credit Agreement (STAG Industrial, Inc.)

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Condition of Borrower. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower such information concerning the financial condition, business, and operations of the Borrower as Guarantors require, and that no Credit Party shall have any duty, and the Guarantors are not relying on any Credit Party at any time, to disclose to the Guarantors any information relating to the business, operations, or financial condition of the Borrower.

Appears in 8 contracts

Samples: Credit Agreement (Ashford Hospitality Prime, Inc.), Credit Agreement (Ashford Hospitality Prime, Inc.), Pledge Agreement (Sunstone Hotel Investors, Inc.)

Condition of Borrower. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower such information concerning the financial condition, business, and operations of the Borrower as Guarantors requireGuarantor requires, and that no Credit Party shall have any duty, and the Guarantors are Guarantor is not relying on any Credit Party at any time, to disclose to the Guarantors Guarantor any information relating to the business, operations, or financial condition of the Borrower.

Appears in 7 contracts

Samples: Term Loan Agreement (STAG Industrial, Inc.), Pledge Agreement (Sunstone Hotel Investors, Inc.), Pledge Agreement (Sunstone Hotel Investors, Inc.)

Condition of Borrower. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower such information concerning the financial condition, business, business and operations of the Borrower as Guarantors require, and that Credit Parties have no Credit Party shall have any duty, and the Guarantors are not relying on any the Credit Party Parties at any time, to disclose to the Guarantors any information relating to the business, operations, operations or financial condition of the Borrower.

Appears in 7 contracts

Samples: Credit Agreement (PMC Commercial Trust /Tx), Credit Agreement (NVR Inc), Credit Agreement (NVR Inc)

Condition of Borrower. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower such information concerning the financial condition, business, business and operations of the Borrower as Guarantors requiresuch Guarantor requires, and that the Guaranteed Parties have no Credit Party shall have any duty, and the Guarantors are such Guarantor is not relying on any Credit Party the Guaranteed Parties at any time, to disclose to the Guarantors such Guarantor any information relating to the business, operations, operations or financial condition of the Borrower.

Appears in 6 contracts

Samples: Credit Agreement (Patterson Uti Energy Inc), Credit Agreement (Patterson Uti Energy Inc), Term Loan Agreement (Patterson Uti Energy Inc)

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Condition of Borrower. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower such information concerning the financial condition, business, business and operations of the Borrower as Guarantors requireGuarantor requires, and that Lender has no Credit Party shall have any duty, and the Guarantors are Guarantor is not relying on any Credit Party Lender at any time, time to disclose to the Guarantors Guarantor any information relating to the business, operations, operations or financial condition of the Borrower.

Appears in 2 contracts

Samples: North American Vaccine Inc, North American Vaccine Inc

Condition of Borrower. Each The Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower such information concerning the financial condition, business, business and operations of the Borrower as Guarantors requirethe Guarantor requires, and that the Lender has no Credit Party shall have any duty, and the Guarantors are Guarantor is not relying on any Credit Party the Lender at any time, to disclose to the Guarantors Guarantor any information relating to the business, operations, operations or financial condition of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Usana Health Sciences Inc)

Condition of Borrower. Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrower such information concerning the financial condition, business, and operations of the Borrower as Guarantors require, and that no Credit Party shall have any duty, and the Guarantors are not relying on any Credit Party at any time, to disclose to the Guarantors any information relating to the business, operations, or financial condition of the Borrower.

Appears in 1 contract

Samples: Guaranty (Agree Realty Corp)

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