Common use of Non-Reliance on Agent Clause in Contracts

Non-Reliance on Agent. Each Lender agrees that it has, independently and without reliance on the Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower and the decision to enter into this Agreement and that it will, independently and without reliance upon the Agent, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep informed as to the performance or observance by the Borrower of this Agreement or any other document referred to or provided for herein or to inspect the properties or books of the Borrower. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the affairs, financial condition or business of the Borrower (or any of its related companies) which may come into the Agent's possession; provided, however, that to the extent Agent has not received any such notice, report or other documents and information, Agent shall have no such obligation to provide such information to the Lenders.

Non-Reliance on Agent. Each Lender Bank agrees that it has, independently and without reliance on the Agent or any other LenderBank, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower Company and the its Subsidiaries and decision to enter into this Agreement and that it will, independently and without reliance upon the Agent, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep informed as to the performance or observance by the Borrower Company of this Agreement or any other document referred to or provided for herein or to inspect the properties or books of the BorrowerCompany or its Subsidiaries. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Lender Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower Company, its Subsidiaries (or any of its related companies) which may come into the Agent's possession; provided, however, that to the extent Agent has not received any such notice, report or other documents and information, Agent shall have no such obligation to provide such information to the Lenders.

Non-Reliance on Agent. Each Lender Bank agrees that it has, independently and without reliance on the Agent or any other LenderBank, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower Borrowers and the decision to enter into this Agreement and that it will, independently and without reliance upon the Agent, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep informed as to the performance or observance by the Borrower Borrowers of this Agreement or any other document referred to or provided for herein or to inspect the properties or books of the BorrowerBorrowers. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Lender Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower Borrowers (or any of its their related companies) which may come into the Agent's possession; provided, however, that to the extent Agent has not received any such notice, report or other documents and information, Agent shall have no such obligation to provide such information to the Lenders.

Non-Reliance on Agent. Each Lender Bank agrees that it has, independently and without reliance on the Agent or any other LenderBank, and based on such documents and information as it has deemed appropriate, made its own credit analysis of the Borrower NPCI and the its Subsidiaries and decision to enter into this Agreement and that it will, independently and without reliance upon the Agent, and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement. The Agent shall not be required to keep informed as to the performance or observance by the Borrower Company of this Agreement or any other document referred to or provided for herein or to inspect the properties or books of the BorrowerNPCI or its Subsidiaries. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders Banks by the Agent hereunder, the Agent shall not have any duty or responsibility to provide any Lender Bank with any credit or other information concerning the affairs, financial condition or business of the Borrower NPCI, its Subsidiaries (or any of its related companies) which may come into the Agent's possession; provided, however, that to the extent Agent has not received any such notice, report or other documents and information, Agent shall have no such obligation to provide such information to the Lenders.