Common use of Monitoring Responsibility Clause in Contracts

Monitoring Responsibility. Each Bank will make its own credit decisions hereunder, including the decision whether or not to make advances or consent to the Issuance of Letters of Credit, thus the Agent shall have no duty to monitor the amounts outstanding under sub-lines or the reporting requirements or the contents of reports delivered by the Co-Borrowers. Each Bank assumes the responsibility of keeping itself informed at all times.

Appears in 4 contracts

Samples: Credit Agreement (Marlin Midstream Partners, LP), Credit Agreement (Marlin Midstream Partners, LP), Credit Agreement (Marlin Midstream Partners, LP)

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Monitoring Responsibility. Each Bank will make its own credit decisions hereunder, including the decision whether or not to make advances or consent to the Issuance of Letters of Credit, thus the Agent shall have no duty to monitor the Collateral Position, the amounts outstanding under sub-lines or the reporting requirements or the contents of reports delivered by the Co-BorrowersBorrower. Each Bank assumes the responsibility of keeping itself informed at all times.

Appears in 4 contracts

Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Black Hills Corp /Sd/)

Monitoring Responsibility. Each Bank will make its own credit decisions hereunder, including the decision whether or not to make advances or consent to the Issuance of Letters of Credit, thus the Agent shall have no duty to monitor the Collateral Position, the amounts outstanding under sub-lines or the reporting requirements or the contents of reports delivered by the Co-BorrowersLoan Parties. Each Bank assumes the responsibility of keeping itself informed at all times.

Appears in 3 contracts

Samples: Credit Agreement (Spark Energy, Inc.), Credit Agreement (Spark Energy, Inc.), Credit Agreement (Spark Energy, Inc.)

Monitoring Responsibility. Each Bank will make its own credit decisions hereunder, including the decision whether or not to make advances or consent to the Issuance of Letters of Credit, thus the Agent Agents shall have no duty to monitor the Collateral Position, the amounts outstanding under sub-lines or the reporting requirements or the contents of reports delivered by the Co-BorrowersBorrower. Each Bank assumes the responsibility of keeping itself informed at all times.

Appears in 3 contracts

Samples: Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp)

Monitoring Responsibility. Each Bank will make its own credit decisions hereunder, including the decision whether or not to make advances or consent to the Issuance of Letters of Credit, thus the Agent Agents shall have no duty to monitor the Collateral Position, the amounts outstanding under sub-lines or the reporting requirements or the contents of reports delivered by the Co-BorrowersBorrower. Each Bank assumes the responsibility of keeping itself informed at all times.

Appears in 2 contracts

Samples: Credit Agreement (Atmos Energy Corp), Credit Agreement (Atmos Energy Corp)

Monitoring Responsibility. Each Bank Lender will make its own credit decisions hereunder, including the decision whether or not to make advances or consent to the Issuance of Letters of Credit, thus the Administrative Agent shall have no duty to monitor the Collateral Position, the amounts outstanding under sub-lines or the reporting requirements or the contents of reports delivered by the Co-BorrowersBorrower. Each Bank Lender assumes the responsibility of keeping itself informed at all times.

Appears in 1 contract

Samples: Uncommitted Credit Agreement (International Assets Holding Corp)

Monitoring Responsibility. Each Bank will make its own credit decisions hereunder. Neither the Administrative Agent, including the decision whether Collateral Agent or not to make advances or consent to the Issuance of Letters of Credit, thus the Documentation Agent shall have no any duty to monitor the Collateral used to calculate the Borrowing Base Cap, the amounts outstanding under sub-lines or the reporting requirements or the contents of reports delivered by the Co-Borrowers. Each Bank assumes the responsibility of keeping itself informed at all times.

Appears in 1 contract

Samples: Credit Agreement (Avista Corp)

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Monitoring Responsibility. Each Bank will make its own credit decisions hereunder, including the decision whether or not to make advances or consent to the Issuance of Letters of Credit, thus the Agent Agents shall have no duty to monitor the Collateral Position, the amounts outstanding under sub-lines or the reporting requirements or the contents of reports delivered by the Co-BorrowersBorrower. Each Bank assumes the responsibility of keeping itself informed at all times................................ 72 ARTICLE XI

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

Monitoring Responsibility. Each Bank will make its own credit decisions hereunder, including the decision whether or not to make advances or consent to the Issuance of Letters of Credit, thus the Agent shall have no duty to monitor the Collateral Position, the amounts outstanding under sub-lines or the reporting requirements or the contents of reports delivered by the Co-BorrowersBorrower. Each Bank assumes the responsibility of keeping itself informed at all times.

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

Monitoring Responsibility. Each Bank will make its own credit ------------------------- decisions hereunder, including the decision whether or not to make advances or consent to the Issuance of Letters of Credit, thus the Agent shall have no duty to monitor the Collateral Position, the amounts outstanding under sub-lines or the reporting requirements or the contents of reports delivered by the Co-BorrowersBorrower. Each Bank assumes the responsibility of keeping itself informed at all times.

Appears in 1 contract

Samples: Credit Agreement (Atmos Energy Corp)

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