Common use of Information Concerning Financial Condition of the Credit Parties Clause in Contracts

Information Concerning Financial Condition of the Credit Parties. Each of the Term Agent and the ABL Agent hereby assume responsibility for keeping itself informed of the financial condition of the Credit Parties and all other circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Term Obligations. The Term Agent and the ABL Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event the Term Agent or the ABL Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, (a) it shall be under no obligation (i) to provide any such information to such other party or any other party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, (b) it makes no representation as to the accuracy or completeness of any such information and (c) the party receiving such information hereby indemnifies and holds harmless the other party from and against any and all losses, claims, damages, liabilities and expenses to which such receiving party may become subject arising out of or in connection with the use of such information.

Appears in 3 contracts

Samples: Intercreditor Agreement (Music123, Inc.), Credit Agreement (Music123, Inc.), Credit Agreement (Music123, Inc.)

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Information Concerning Financial Condition of the Credit Parties. Each of the Term Agent and the ABL Agent hereby assume assumes responsibility for keeping itself informed of the financial condition of the Credit Parties and all other circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Term Obligations. The Term Agent and the ABL Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event the Term Agent or the ABL Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, (a) it shall be under no obligation (i) to provide any such information to such other party or any other party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, (b) it makes no representation as to the accuracy or completeness of any such information and shall not be liable for any information contained therein, and (c) the party Party receiving such information hereby indemnifies and holds harmless agrees to hold the other party Party harmless from any action the receiving Party may take or conclusion the receiving Party may reach or draw from any such information, as well as from and against any and all losses, claims, damages, liabilities liabilities, and expenses to which such receiving party Party may become subject arising out of or in connection with the use of such information.

Appears in 3 contracts

Samples: Credit Agreement (Chinos Holdings, Inc.), Credit Agreement (J Crew Group Inc), Intercreditor Agreement (99 Cents Only Stores)

Information Concerning Financial Condition of the Credit Parties. Each of the Term CF Collateral Agent and the ABL Collateral Agent hereby assume responsibility for keeping itself informed of the financial condition of the Credit Parties Grantors and all other circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Term CF Obligations. The Term ABL Collateral Agent and the ABL CF Collateral Agent each hereby agree agrees that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event either the Term ABL Collateral Agent or the ABL CF Collateral Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, (a) it shall be under no obligation (i) to provide any such information to such any other party or any other party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, or (b) it makes no representation as to the accuracy or completeness of any such information and shall not be liable for any information contained therein, and (c) the party Party receiving such information hereby indemnifies and holds harmless to hold the other party Party harmless from any action the receiving Party may take or conclusion the receiving Party may reach or draw from any such information, as well as from and against any and all losses, claims, damages, liabilities liabilities, and expenses to which such receiving party Party may become subject arising out of or in connection with the use of such information.

Appears in 2 contracts

Samples: Intercreditor Agreement (Biolectron, Inc.), Intercreditor Agreement (LVB Acquisition, Inc.)

Information Concerning Financial Condition of the Credit Parties. Each of the Term Agent and the ABL Agent hereby assume assumes responsibility for keeping itself informed of the financial condition of the Credit Parties and all other circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Term Obligations. The Term Agent and the ABL Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event the Term Agent or the ABL Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, (a) it shall be under no obligation (i) to provide any such information to such other party or any other party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, or (b) it makes no representation as to the accuracy or completeness of any such information and shall not be liable for any information contained therein, and (c) the party Party receiving such information hereby indemnifies and holds harmless to hold the other party Party harmless from any action the receiving Party may take or conclusion the receiving Party may reach or draw from any such information, as well as from and against any and all losses, claims, damages, liabilities liabilities, and expenses to which such receiving party Party may become subject arising out of or in connection with the use of such information.

Appears in 1 contract

Samples: Guarantee Agreement (Michaels Stores Inc)

Information Concerning Financial Condition of the Credit Parties. (a) Each of the Term Agent and the ABL Agent hereby assume assumes responsibility for keeping itself informed of the financial condition of the Credit Parties and all other circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Term Obligations. The Term Agent and the ABL Agent hereby agree that no party shall have any duty to advise any other party Party of information known to it regarding such condition or any such circumstances. In the event the Term Agent or the ABL Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party Party to this Agreement, (a) it shall be under no obligation (i) to provide any such information to such other party Party or any other party Party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, (b) it makes no representation as to the accuracy or completeness of any such information and shall not be liable for any information contained therein, and (c) the party Party receiving such information hereby indemnifies and holds harmless agrees to hold the other party Party harmless from any action the receiving Party may take or conclusion the receiving Party may reach or draw from any such information, as well as from and against any and all losses, claims, damages, liabilities liabilities, and expenses to which such receiving party Party may become subject arising out of or in connection with the use of such information.

Appears in 1 contract

Samples: Intercreditor Agreement (JOANN Inc.)

Information Concerning Financial Condition of the Credit Parties. Each of the Term Collateral Agent and the ABL Collateral Agent hereby assume assumes responsibility for keeping itself informed of the financial condition of the Credit Parties and all other circumstances bearing upon the risk of nonpayment of any of the ABL Obligations or the Term Obligations. The Each Term Collateral Agent and the ABL Collateral Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event the any Term Collateral Agent or the ABL Collateral Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, (a) it shall be under no obligation (i) to provide any such information to such other party or any other party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, (b) it makes no representation as to the accuracy or completeness of any such information and (c) the party receiving such information hereby indemnifies and holds harmless the other party from and against any and all losses, claims, damages, liabilities and expenses to which such receiving party may become subject arising out of or in connection with the use of such information.

Appears in 1 contract

Samples: Intercreditor Agreement (Postmedia Network Canada Corp.)

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Information Concerning Financial Condition of the Credit Parties. Each of the Term Notes Collateral Agent and the ABL Term Loan Collateral Agent hereby assume assumes responsibility for keeping itself informed of the financial condition of the Credit Parties and all other circumstances bearing upon the risk of nonpayment of any of the ABL Term Loan Obligations or the Term Notes Obligations. The Term Notes Collateral Agent and the ABL Term Loan Collateral Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event the Term Notes Collateral Agent or the ABL Term Loan Collateral Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, (a) it shall be under no obligation (i) to provide any such information to such other party or any other party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, (b) it makes no representation as to the accuracy or completeness of any such information and (c) the party receiving such information hereby indemnifies and holds harmless the other party from and against any and all losses, claims, damages, liabilities and expenses to which such receiving party may become subject arising out of or in connection with the use of such information.

Appears in 1 contract

Samples: Intercreditor Agreement (Postmedia Network Canada Corp.)

Information Concerning Financial Condition of the Credit Parties. Each of the Term Agent Agents and the ABL Agent hereby assume assumes responsibility for keeping itself informed of the financial condition of the Credit Parties and all other circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Term Obligations. The Each Term Agent and the ABL Agent hereby agree that no party shall have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event the any Term Agent or the ABL Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party to this Agreement, (a) it shall be under no obligation (i) to provide any such information to such other party or any other party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, or (b) it makes no representation as to the accuracy or completeness of any such information and shall not be liable for any information contained therein, and (c) the party Party receiving such information hereby indemnifies and holds harmless agrees to hold the other party Party harmless from any action the receiving Party may take or conclusion the receiving Party may reach or draw from any such information, as well as from and against any and all losses, claims, damages, liabilities liabilities, and expenses to which such receiving party Party may become subject arising out of or in connection with the use of such information.

Appears in 1 contract

Samples: Credit Agreement (Michaels Companies, Inc.)

Information Concerning Financial Condition of the Credit Parties. (a) Each of the Term Agent and the ABL Agent hereby assume assumes responsibility for keeping itself informed of the financial condition of the Credit Parties and all other circumstances bearing upon the risk of nonpayment of the ABL Obligations or the Term Obligations. The Term Agent and the ABL Agent hereby agree that no party Party shall have any duty to advise any other party Party of information known to it regarding such condition or any such circumstances. In the event the Term Agent or the ABL Agent, in its sole discretion, undertakes at any time or from time to time to provide any information to any other party Party to this Agreement, (a) it shall be under no obligation (i) to provide any such information to such other party Party or any other party Party on any subsequent occasion, (ii) to undertake any investigation not a part of its regular business routine, or (iii) to disclose any other information, (b) it makes no representation as to the accuracy or completeness of any such information and shall not be liable for any information contained therein, and (c) the party Party receiving such information hereby indemnifies and holds harmless agrees to hold the other party Party harmless from any action the receiving Party may take or conclusion the receiving Party may reach or draw from any such information, as well as from and against any and all losses, claims, damages, liabilities liabilities, and expenses to which such receiving party Party may become subject arising out of or in connection with the use of such information.

Appears in 1 contract

Samples: Intercreditor Agreement (Warnaco Group Inc /De/)

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