Common use of No Reliance; Information Clause in Contracts

No Reliance; Information. The Priority Lien Secured Parties and the 1.5 Lien Secured Parties shall have no duty to disclose to any 1.5 Lien Secured Party or to any Priority Lien Secured Party, as the case may be, any information relating to W&T or any of the other Grantors, or any other circumstance bearing upon the risk of non-payment of any of the Priority Lien Obligations or the 1.5 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 Priority Lien Secured Party or any 1.5 Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to any 1.5 Lien Secured Party or any Priority Lien Secured Party, as the case may be, it shall be under no obligation (a) 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, (b) to provide any additional information or to provide any such information on any subsequent occasion or (c) to undertake any investigation.

Appears in 1 contract

Sources: Term Loan Credit Agreement (W&t Offshore Inc)

No Reliance; Information. The Priority Lien Secured Parties and the 1.5 Second Lien Secured Parties shall have no duty to disclose to any 1.5 Second Lien Secured Party or to any Priority Lien Secured Party, as the case may berespectively, any information relating to W&T the Parent Company, any other Borrower or any of the other Grantors, or any other circumstance bearing upon the risk of non-payment nonpayment of any of the Priority Lien Obligations or the 1.5 Lien Second Priority 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 Priority Lien Secured Party or any 1.5 Second Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to to, respectively, any 1.5 Second Lien Secured Party or any Priority Lien Secured Party, as the case may be, it shall be under no obligation (ai) 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, (bii) to provide any additional information or to provide any such information on any subsequent occasion or (ciii) to undertake any investigation.

Appears in 1 contract

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

No Reliance; Information. The Priority Lien Secured Parties and the 1.5 Second Lien Secured Parties shall have no duty to disclose to any 1.5 Second Lien Secured Party or to any Priority Lien Secured Party, as the case may be, any information relating to W&T ▇▇▇▇▇▇▇▇ or any of the other Grantors, or any other circumstance bearing upon the risk of non-payment of any of the Priority Lien Obligations or the 1.5 Second Lien Obligations, as the case may be, Obligations that is known or becomes known to any of them or any of their Affiliates. In the event any Priority Lien Secured Party or any 1.5 Second Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to to, any 1.5 Second Lien Secured Party or any Priority Lien Secured Party, as the case may be, it shall be under no obligation (a) 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, (b) to provide any additional information or to provide any such information on any subsequent occasion or (c) to undertake any investigation.

Appears in 1 contract

Sources: Note Purchase Agreement (Goodrich Petroleum Corp)

No Reliance; Information. The Priority Lien Secured Parties and the 1.5 Second Lien Secured Parties shall have no duty to disclose to any 1.5 Second Lien Secured Party or to any Priority Lien Secured Party, as the case may berespectively, any information relating to W&T the Parent Company or any of the other Grantors, or any other circumstance bearing upon the risk of non-payment of any of the Priority Lien Obligations or the 1.5 Lien Second Priority 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 Priority Lien Secured Party or any 1.5 Second Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to to, respectively, any 1.5 Second Lien Secured Party or any Priority Lien Secured Party, as the case may be, it shall be under no obligation (a) 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, (b) to provide any additional information or to provide any such information on any subsequent occasion or (c) to undertake any investigation.. 32 [VANGUARD AMENDED AND RESTATED INTERCREDITOR AGREEMENT]

Appears in 1 contract

Sources: Intercreditor Agreement (Vanguard Natural Resources, Inc.)

No Reliance; Information. The Priority Lien Secured Parties and the 1.5 Second Lien Secured Parties shall have no duty to disclose to any 1.5 Second Lien Secured Party or to any Priority Lien Secured Party, as the case may berespectively, any information relating to W&T the Parent Company or any of the other Grantors, or any other circumstance bearing upon the risk of non-payment nonpayment of any of the Priority Lien Obligations or the 1.5 Lien Second Priority 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 Priority Lien Secured Party or any 1.5 Second Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to to, respectively, any 1.5 Second Lien Secured Party or any Priority Lien Secured Party, as the case may be, it shall be under no obligation (ai) 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, (bii) to provide any additional information or to provide any such information on any subsequent occasion or (ciii) to undertake any investigation.

Appears in 1 contract

Sources: Intercreditor Agreement (Breitburn Energy Partners LP)

No Reliance; Information. The Priority Lien Secured Parties and the 1.5 Lien Subordinated Secured Parties shall have no duty to disclose to any 1.5 Lien Subordinated Secured Party or to any Priority Lien Secured Party, as the case may be, any information relating to W&T ▇▇▇▇▇▇▇▇▇ or any of the other Grantors, or any other circumstance bearing upon the risk of non-payment of any of the Priority Lien Obligations or the 1.5 Lien Subordinated 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 Priority Lien Secured Party or any 1.5 Lien Subordinated Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to to, any 1.5 Lien Subordinated Secured Party or any Priority Lien Secured Party, as the case may be, it shall be under no obligation (a) 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, (b) to provide any additional information or to provide any such information on any subsequent occasion or (c) to undertake any investigation.

Appears in 1 contract

Sources: Intercreditor and Subordination Agreement (Sandridge Energy Inc)