Common use of Condition of Borrowers Clause in Contracts

Condition of Borrowers. The Company acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Designated Borrowers and any other guarantor such information concerning the financial condition, business and operations of each Designated Borrower and any such other guarantor as the Company requires, and that none of the Lender Parties has any duty, and the Company is not relying on the Lender Parties at any time, to disclose to the Company any information relating to the business, operations or financial condition of any Designated Borrower or any other guarantor (the Company waiving any duty on the part of the Lender Parties to disclose such information and any defense relating to the failure to provide the same).

Condition of Borrowers. The Company Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Designated Borrowers and any other guarantor such information concerning the financial condition, business and operations of each Designated Borrower the Borrowers and any such other guarantor as the Company Guarantor requires, and that none of the Lender Creditor Parties has any duty, and the Company Guarantor is not relying on the Lender Creditor Parties at any time, to disclose to the Company Guarantor any information relating to the business, operations or financial condition of any Designated Borrower the Borrowers or any other guarantor (the Company waiving any duty on the part of the Lender Creditor Parties to disclose such information and any defense relating to the failure to provide the same).