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

Information Concerning Financial Condition of the Credit Parties. None of the [Cash Flow] Agent, the ABL Agent and any Additional Agent has any responsibility for keeping any other Party informed of the financial condition of the Credit Parties or of other circumstances bearing upon the risk of non-payment of the ABL Obligations, the [Cash Flow] Obligations or any Additional Obligations. The [Cash Flow] Agent, the ABL Agent and any Additional 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 [Cash Flow] Agent, the ABL Agent or any Additional 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, it shall be under no obligation (A) to provide any such information to such other Party or any other Party on any subsequent occasion, (B) to undertake any investigation not a part of its regular business routine, or (C) to disclose any other information.

Appears in 3 contracts

Samples: Intercreditor Agreement (Veritiv Corp), Assumption Agreement (Veritiv Corp), Assumption Agreement (Veritiv Corp)

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Information Concerning Financial Condition of the Credit Parties. None of the [Cash FlowTerm Loan] Agent, the ABL Agent and any Additional [Term] Agent has any responsibility for keeping any other Party informed of the financial condition of the Credit Parties or of other circumstances bearing upon the risk of non-payment of the ABL Obligations, the [Cash FlowTerm Loan] Obligations or any Additional [Term] Obligations. The [Cash FlowTerm Loan] Agent, the ABL Agent and any Additional [Term] 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 [Cash FlowTerm Loan] Agent, the ABL Agent or any Additional [Term] 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, it shall be under no obligation (A) to provide any such information to such other Party party or any other Party party on any subsequent occasion, (B) to undertake any investigation not a part of its regular business routine, or (C) to disclose any other information.

Appears in 1 contract

Samples: Intercreditor Agreement (Uci Holdings LTD)

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