Financial Condition of Borrowers. Each Borrower acknowledges that it is presently informed as to the financial condition of the other Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Obligations. Each Borrower hereby covenants that it will continue to keep informed as to the financial condition of the other Borrowers, the status of the other Borrowers and of all circumstances which bear upon the risk of nonpayment. Absent a written request from any Borrower to Bank for information, each Borrower hereby waives any and all rights it may have to require Bank to disclose to such Borrower any information which Bank may now or hereafter acquire concerning the condition or circumstances of the other Borrowers.
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Samples: Credit Agreement (Winc, Inc.), Credit Agreement (Matrixx Initiatives Inc), Credit Agreement (Jakks Pacific Inc)
Financial Condition of Borrowers. Each Borrower acknowledges that it is presently informed as to the financial condition of the other Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Obligations. Each Borrower hereby covenants that it will continue to keep informed as to the financial condition of the other Borrowers, the status of the other Borrowers and of all circumstances which bear upon the risk of nonpayment. Absent a written request from any Borrower to Bank Lender for information, each Borrower hereby waives any and all rights it may have to require Bank Lender to disclose to such Borrower any information which Bank Lender may now or hereafter acquire concerning the condition or circumstances of the other Borrowers.
Appears in 3 contracts
Samples: Business Financing Agreement (Selectica Inc), Business Financing Agreement (Digital Turbine, Inc.), Business Financing Agreement (Orion Energy Systems, Inc.)
Financial Condition of Borrowers. Each Borrower acknowledges that it is presently informed as to the financial condition of the other Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Obligations. Each Borrower hereby covenants that it will continue to keep informed i.nformed as to the financial condition of the other Borrowers, the status of the other Borrowers and of all circumstances which bear upon the risk of nonpayment. Absent a written request from any Borrower to Bank for information, each Borrower hereby waives any and all rights it may have to require Bank to disclose to such Borrower any information which Bank may now or hereafter acquire concerning the condition or circumstances of the other Borrowers.
Appears in 1 contract
Samples: Business Financing Agreement (Sysorex Global Holdings Corp.)
Financial Condition of Borrowers. Each Borrower acknowledges that it is presently informed as to the financial condition of the other Borrowers Borrower and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Obligations. Each Borrower hereby covenants that it will continue to keep informed as to the financial condition of the other BorrowersBorrower, the status of the other Borrowers Borrower and of all circumstances which bear upon the risk of nonpayment. Absent a written request from any Borrower to Bank Lender for information, each Borrower hereby waives any and all rights it may have to require Bank Lender to disclose to such Borrower any information which Bank Lender may now or hereafter acquire concerning the condition or circumstances of the other BorrowersBorrower.
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