Common use of Information Concerning Financial Condition of the Company and the Subsidiaries Clause in Contracts

Information Concerning Financial Condition of the Company and the Subsidiaries. The Credit Agent and the Senior Lenders, on the one hand, and the Trustee and the Noteholders, on the other hand, shall each be responsible for keeping themselves informed of (a) the financial condition of the Company and the Subsidiaries and all endorsers and/or guarantors of the Noteholder Claims or the Senior Lender Claims and (b) all other circumstances bearing upon the risk of nonpayment of the Noteholder Claims or the Senior Lender Claims. The Credit Agent and the Senior Lenders shall have no duty to advise the Trustee or any Noteholder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that the Credit Agent or any of the Senior Lenders, in its or their sole discretion, undertakes at any time or from time to time to provide any such information to the Trustee or any Noteholder, it or they shall be under no obligation (w) to make, and the Credit Agent and the Senior Lenders shall not make, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (x) to provide any additional information or to provide any such information on any subsequent occasion, (y) to undertake any investigation or (z) to disclose any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential.

Appears in 2 contracts

Samples: Intercreditor Agreement (Columbus McKinnon Corp), Intercreditor Agreement (Pierson Industries Inc)

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Information Concerning Financial Condition of the Company and the Subsidiaries. The Credit Agent Intercreditor Agent, the Senior Lenders and the Senior Lenders, on the one hand, and the Trustee and the Noteholders, on the other hand, Noteholders shall each be responsible for keeping themselves informed of (a) the financial condition of the Company and the Subsidiaries and all endorsers and/or guarantors of the Noteholder Claims or the Senior Lender Claims and (b) all other circumstances bearing upon the risk of nonpayment of the Noteholder Claims or the Senior Lender Claims. The Credit Agent Intercreditor Agent, the Senior Lenders, the Trustee and the Senior Lenders Noteholders shall have no duty to advise the Trustee or any Noteholder other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that the Credit Agent Intercreditor Agent, any Senior Lender, the Trustee or any of the Senior LendersNoteholder, in its or their sole discretion, undertakes at any time or from time to time to provide any such information to the Trustee or any Noteholderother party, it or they shall be under no obligation (w) to make, and the Credit Agent Intercreditor Agent, the Senior Lenders, the Trustee and the Senior Lenders Noteholders shall not make, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (x) to provide any additional information or to provide any such information on any subsequent occasion, (y) to undertake any investigation or (z) to disclose any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential.

Appears in 2 contracts

Samples: And Restated Intercreditor Agreement (Securus Technologies, Inc.), Intercreditor Agreement (Telequip Labs, Inc.)

Information Concerning Financial Condition of the Company and the Subsidiaries. The Credit Agent Senior Representatives, the Senior Secured Parties and the Senior Lenders, on the one hand, and the Trustee and the Noteholders, on the other hand, Subordinated Creditor shall each be responsible for keeping themselves informed of (a) the financial condition of the Company and the Subsidiaries Obligor and all endorsers and/or or guarantors of the Noteholder Claims Senior Obligations or the Senior Lender Claims Subordinated Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the Noteholder Claims Senior Obligations or the Senior Lender ClaimsSubordinated Obligations. The Credit Agent Senior Representatives, the Senior Secured Parties and the Senior Lenders Subordinated Creditor shall have no duty to advise the Trustee or any Noteholder other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that any Senior Representative, any Senior Secured Party or the Credit Agent or any of the Senior LendersSubordinated Creditor, in its or their sole discretion, undertakes at any time or from time to time to provide any such information to the Trustee or any Noteholderother party, it or they shall be under no obligation to (wi) to make, and the Credit Agent Senior Representatives, the Senior Secured Parties and the Senior Lenders Subordinated Creditor shall not makemake or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (xii) to provide any additional information or to provide any such information on any subsequent occasion, (yiii) to undertake any investigation or (ziv) to disclose any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain as confidential or is otherwise required to maintain as confidential.

Appears in 1 contract

Samples: Credit Agreement (SemGroup Corp)

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Information Concerning Financial Condition of the Company and the Subsidiaries. The Credit Agent and Intercreditor Agent, the Senior Lenders, on the one hand, and the Trustee and the Noteholders, on the other hand, Noteholders shall each be responsible for keeping themselves informed of (a) the financial condition of the Company and the Subsidiaries and all endorsers and/or or guarantors of the Noteholder Senior Lender Claims or the Senior Lender Noteholder Claims and (b) all other circumstances bearing upon the risk of nonpayment of the Noteholder Senior Lender Claims or the Senior Lender Noteholder Claims. The Credit Agent Intercreditor Agent, the Senior Lenders, the Trustee and the Senior Lenders Noteholders shall have no duty to advise the Trustee or any Noteholder other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise. In the event that the Credit Agent Intercreditor Agent, any Senior Lender, the Trustee or any of the Senior LendersNoteholder, in its or their sole discretion, undertakes at any time or from time to time to provide any such information to the Trustee or any Noteholderother party, it or they shall be under no obligation to (wi) to make, and the Credit Agent Intercreditor Agent, the Senior Lenders, the Trustee and the Senior Lenders Noteholders shall not make, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (xii) to provide any additional information or to provide any such information on any subsequent occasion, (yiii) to undertake any investigation or (ziv) to disclose any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain confidential.

Appears in 1 contract

Samples: Intercreditor Agreement (Indalex Holding Corp.)

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