Common use of No Reliance; Information Clause in Contracts

No Reliance; Information. The First Priority Secured Parties and the Second Priority Secured Parties shall have no duty to disclose to any Second Priority Secured Party or to any First Priority Secured Party, respectively, any information relating to the Company or any of the Grantors, or any other circumstance bearing upon the risk of nonpayment of any of the First Priority Claims or the Second Priority Claims, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Secured Party or any Second Priority Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Secured Party or any First Priority Secured Party, it shall be under no obligation (i) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (ii) to provide any additional information or to provide any such information on any subsequent occasion or (iii) to undertake any investigation.

Appears in 9 contracts

Samples: Intercreditor Agreement (Gastar Exploration LTD), Intercreditor Agreement (Green Field Energy Services, Inc.), Intercreditor Agreement (Green Field Energy Services, Inc.)

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No Reliance; Information. The First Priority Secured Parties and the Second Priority Secured Parties shall have no duty to disclose to any Second Priority Secured Party or to any First Priority Secured Party, respectively, any information relating to the any Company or any of the Grantors, or any other circumstance bearing upon the risk of nonpayment of any of the First Priority Claims or the Second Priority Claims, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Secured Party or any Second Priority Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Secured Party or any First Priority Secured Party, it shall be under no obligation (i) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (ii) to provide any additional information or to provide any such information on any subsequent occasion or (iii) to undertake any investigation.

Appears in 3 contracts

Samples: Credit Agreement (McDermott International Inc), Letter of Credit Agreement (McDermott International Inc), Intercreditor Agreement (McDermott International Inc)

No Reliance; Information. The First Priority Lien Secured Parties, the Second Lien Secured Parties and the Second Priority Third Lien Secured Parties shall have no duty to disclose to any Second Priority Secured Party or to any First Priority Secured Party, respectively, any information relating to the Company Chesapeake or any of the other Grantors, or any other circumstance bearing upon the risk of nonpayment non-payment of any of the First Priority Claims Lien Obligations, the Second Lien Obligations or the Second Priority ClaimsThird Lien Obligations, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Lien Secured Party, any Second Lien Secured Party or any Second Priority Third Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, to any Second Priority Secured Party or any First Priority Secured Party, it shall be under no obligation (ia) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (iib) to provide any additional information or to provide any such information on any subsequent occasion or (iiic) to undertake any investigation.

Appears in 2 contracts

Samples: Intercreditor Agreement (Chesapeake Energy Corp), Intercreditor Agreement (Chesapeake Energy Corp)

No Reliance; Information. The First Priority Lien Secured Parties and the Second Priority Lien Secured Parties shall have no duty to disclose to any Second Priority Lien Secured Party or to any First Priority Lien Secured Party, respectivelyas the case may be, any information relating to the Company Borrower or any of the other Grantors, or any other circumstance bearing upon the risk of nonpayment non-payment of any of the First Priority Claims Lien Obligations or the Second Priority ClaimsLien Obligations, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Lien Secured Party or any Second Priority Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, to any Second Priority Lien Secured Party or any First Priority Lien Secured Party, as the case may be, it shall be under no obligation (ia) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (iib) to provide any additional information or to provide any such information on any subsequent occasion or (iiic) to undertake any investigation.

Appears in 2 contracts

Samples: Intercreditor Agreement (Atlas Energy Group, LLC), Intercreditor Agreement (Atlas Energy Group, LLC)

No Reliance; Information. The First Priority Lien Secured Parties and the Second Priority Lien Secured Parties shall have no duty to disclose to any Second Priority Lien Secured Party or to any First Priority Lien Secured Party, respectivelyas the case may be, any information relating to the Company Xxxxxxxx or any of the other Grantors, or any other circumstance bearing upon the risk of nonpayment non-payment of any of the First Priority Claims Lien Obligations or the Second Priority ClaimsLien Obligations, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Lien Secured Party Party, or any Second Priority Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Lien Secured Party or any First Priority Lien Secured Party, as the case may be, it shall be under no obligation (ia) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (iib) to provide any additional information or to provide any such information on any subsequent occasion or (iiic) to undertake any investigation.

Appears in 2 contracts

Samples: Junior Lien Intercreditor Agreement (Comstock Oil & Gas, LP), Junior Lien Intercreditor Agreement (Comstock Oil & Gas, LP)

No Reliance; Information. The First Priority Secured Parties Party and the Second Priority Secured Parties shall have no duty to disclose to any Second Priority Secured Party or to any First Priority Secured Party, respectively, any information relating to the Company Company, any New Parent or any of the Grantors, or any other circumstance bearing upon the risk of nonpayment of any of the First Priority Claims or the Second Priority Claims, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Secured Party or any Second Priority Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Secured Party or any First Priority Secured Party, it shall be under no obligation (i) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (ii) to provide any additional information or to provide any such information on any subsequent occasion or (iii) to undertake any investigation.

Appears in 2 contracts

Samples: Intercreditor Agreement (Forbes Energy Services Ltd.), Intercreditor Agreement (Forbes Energy Services LLC)

No Reliance; Information. The First Priority Lien Secured Parties and the Second Priority Lien Secured Parties shall have no duty to disclose to any Second Priority Lien Secured Party or to any First Priority Lien Secured Party, respectivelyas the case may be, any information relating to the Company Borrower or any of the other Grantors, or any other circumstance bearing upon the risk of nonpayment non-payment of any of the First Priority Claims Lien Obligations or the Second Priority ClaimsLien Obligations, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Lien Secured Party or any Second Priority Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Lien Secured Party or any First Priority Lien Secured Party, as the case may be, it shall be under no obligation (ia) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (iib) to provide any additional information or to provide any such information on any subsequent occasion or (iiic) to undertake any investigation.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (California Resources Corp)

No Reliance; Information. The First Priority Lien Secured Parties and the Second Priority Lien Secured Parties shall have no duty to disclose to any Second Priority Lien Secured Party or to any First Priority Lien Secured Party, respectively, any information relating to the Company Parent Company, any other Borrower or any of the other Grantors, or any other circumstance bearing upon the risk of nonpayment of any of the First Priority Claims Lien Obligations or the Second Priority ClaimsObligations, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Lien Secured Party or any Second Priority Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Lien Secured Party or any First Priority Lien Secured Party, it shall be under no obligation (i) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (ii) to provide any additional information or to provide any such information on any subsequent occasion or (iii) to undertake any investigation.

Appears in 1 contract

Samples: Intercreditor Agreement (Rentech Nitrogen Partners, L.P.)

No Reliance; Information. The First Priority Lien Secured Parties and the Second Priority Subordinated Secured Parties shall have no duty to disclose to any Second Priority Subordinated Secured Party or to any First Priority Lien Secured Party, respectivelyas the case may be, any information relating to the Company XxxxXxxxx or any of the other Grantors, or any other circumstance bearing upon the risk of nonpayment non-payment of any of the First Priority Claims Lien Obligations or the Second Priority ClaimsSubordinated Obligations, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Lien Secured Party or any Second Priority Subordinated Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Subordinated Secured Party or any First Priority Lien Secured Party, as the case may be, it shall be under no obligation (ia) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (iib) to provide any additional information or to provide any such information on any subsequent occasion or (iiic) to undertake any investigation.

Appears in 1 contract

Samples: Intercreditor and Subordination Agreement (Sandridge Energy Inc)

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No Reliance; Information. The First Priority Lien Secured Parties and the Second Priority Lien Secured Parties shall have no duty to disclose to any Second Priority Lien Secured Party or to any First Priority Lien Secured Party, respectivelyas the case may be, any information relating to the Company or any of the other Grantors, or any other circumstance bearing upon the risk of nonpayment non-payment of any of the First Priority Claims Lien Obligations or the Second Priority ClaimsLien Obligations, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Lien Secured Party or any Second Priority Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Lien Secured Party or any First Priority Lien Secured Party, as the case may be, it shall be under no obligation (ia) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (iib) to provide any additional information or to provide any such information on any subsequent occasion or (iiic) to undertake any investigation.

Appears in 1 contract

Samples: Intercreditor Agreement (Gastar Exploration Inc.)

No Reliance; Information. The First Priority Lien Secured Parties and the Second Priority Lien Secured Parties shall have no duty to disclose to any Second Priority Lien Secured Party or to any First Priority Lien Secured Party, respectivelyas the case may be, any information relating to the Company Issuers or any of the other Grantors, or any other circumstance bearing upon the risk of nonpayment non-payment of any of the First Priority Claims Lien Obligations or the Second Priority ClaimsLien Obligations, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Lien Secured Party or any Second Priority Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, to any Second Priority Lien Secured Party or any First Priority Lien Secured Party, as the case may be, it shall be under no obligation (ia) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (iib) to provide any additional information or to provide any such information on any subsequent occasion or (iiic) to undertake any investigation.

Appears in 1 contract

Samples: Intercreditor Agreement (Vanguard Natural Resources, LLC)

No Reliance; Information. The First Priority Lien Secured Parties and the Second Priority Lien Secured Parties shall have no duty to disclose to any Second Priority Lien Secured Party or to any First Priority Lien Secured Party, respectivelyas the case may be, any information relating to the Company Xxxxxxxx or any of the other Grantors, or any other circumstance bearing upon the risk of nonpayment non-payment of any of the First Priority Claims Lien Obligations or the Second Priority Claims, as the case may be, Lien Obligations that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Lien Secured Party or any Second Priority Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Lien Secured Party or any First Priority Lien Secured Party, as the case may be, it shall be under no obligation (ia) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (iib) to provide any additional information or to provide any such information on any subsequent occasion or (iiic) to undertake any investigation.

Appears in 1 contract

Samples: Intercreditor Agreement (Goodrich Petroleum Corp)

No Reliance; Information. The First Priority Lien Secured Parties and the Second Priority Lien Secured Parties shall have no duty to disclose to any Second Priority Lien Secured Party or to any First Priority Lien Secured Party, respectively, any information relating to the Parent Company or any of the other Grantors, or any other circumstance bearing upon the risk of nonpayment of any of the First Priority Claims Lien Obligations or the Second Priority ClaimsObligations, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Lien Secured Party or any Second Priority Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Lien Secured Party or any First Priority Lien Secured Party, it shall be under no obligation (i) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (ii) to provide any additional information or to provide any such information on any subsequent occasion or (iii) to undertake any investigation.

Appears in 1 contract

Samples: Intercreditor Agreement (Breitburn Energy Partners LP)

No Reliance; Information. The First Priority Secured Parties and the Second Priority Secured Parties shall have no duty to disclose to any Second Priority Secured Party or to any First Priority Secured Party, respectively, any information relating to the Company or any of the Grantors, or any other circumstance bearing upon the risk of nonpayment of any of the First Priority Claims or the Second Priority Claims, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Secured Party or any Second Priority Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, ,respectively, any Second Priority Secured Party or any First Priority Secured Party, it shall be under no obligation (i) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (ii) to provide any additional information or to provide any such information on any subsequent occasion or (iii) to undertake any investigation.

Appears in 1 contract

Samples: Credit Agreement (BioScrip, Inc.)

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