Common use of Each Bank Clause in Contracts

Each Bank. (a) acknowledges that it has, independently and without reliance on any of the Agents and Arrangers, made its own analysis of the transaction contemplated by, and reached its own decision to enter into, this Agreement and made its own investigation of the financial condition and affairs and its own appraisal of the creditworthiness of each Borrower; and (b) agrees that it shall continue to make its own independent appraisal of the creditworthiness of each Borrower.

Each Bank. (a) acknowledges that it has, independently and without reliance on any of the Agents Agent and the Lead Arrangers, made its own analysis of the transaction contemplated by, and reached its own decision to enter into, this Agreement and made its it own investigation of the financial condition and affairs and its own appraisal of the creditworthiness of each BorrowerObligor; and (b) agrees that it shall continue to make its own independent appraisal of the creditworthiness of each BorrowerObligor.