Common use of Credit Decisions Clause in Contracts

Credit Decisions. Each Credit Party (other than the Agents) acknowledges that it has, independently and without reliance upon the Agents or any other Credit Party, and based on the financial statements prepared by the Loan Parties and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the business, assets, operations, property, and financial and other condition of the Loan Parties and has made its own decision to enter into this Agreement and the other Loan Documents. Each Credit Party (other than the Agents) also acknowledges that it will, independently and without reliance upon the Agents or any other Credit Party, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in determining whether or not conditions precedent to closing any Loan hereunder have been satisfied and in taking or not taking any action under this Agreement and the other Loan Documents.

Appears in 16 contracts

Samples: Credit Agreement (Pier 1 Imports Inc/De), Pier 1 Imports Inc/De, Credit Agreement (Pier 1 Imports Inc/De)

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Credit Decisions. Each Credit Party (other than the Agents) acknowledges that it has, independently and without reliance upon the Agents or any other Credit Party, and based on the financial statements prepared by the Loan Parties and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the business, assets, operations, property, and financial and other condition of the Loan Parties and has made its own decision to enter into this Agreement and the other Loan Documents. Each Credit Party (other than the Agents) also acknowledges that it will, independently and without reliance upon the Agents or any other Credit Party, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in determining whether or not conditions precedent to closing any Loan hereunder have been satisfied and in taking or not taking any action under this Agreement and the other Loan Documents.. 140

Appears in 1 contract

Samples: Credit Agreement (Pier 1 Imports Inc/De)

Credit Decisions. Each Credit Party (other than the AgentsAgent) acknowledges that it has, independently and without reliance upon the Agents Agent or any other Credit Party, and based on the financial statements prepared by the Loan Parties Borrowers and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the business, assets, operations, property, and financial and other condition of the Loan Parties Borrowers and has made its own decision to enter into this Agreement and the other Loan Documents. Each Credit Party (other than the AgentsAgent) also acknowledges that it will, independently and without reliance upon the Agents Agent or any other Credit Party, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in determining whether or not conditions precedent to closing any Loan hereunder have been satisfied and in taking or not taking any action under this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Gerber Scientific Inc)

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Credit Decisions. Each Credit Party (other than the AgentsAgent) acknowledges that it has, independently and without reliance upon the Agents Agent or any other Credit Party, and based on the financial statements prepared by the Loan Parties and such other documents and information as it has deemed appropriate, made its own credit analysis and investigation into the business, assets, operations, property, and financial and other condition of the Loan Parties and has made its own decision to enter into this Agreement and the other Loan Documents. Each Credit Party (other than the AgentsAgent) also acknowledges that it will, independently and without reliance upon the Agents Agent or any other Credit Party, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in determining whether or not conditions precedent to closing any Loan hereunder have been satisfied and in taking or not taking any action under this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Pledge Agreement (Rex Stores Corp)

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