Common use of Non-Reliance on Assignor Clause in Contracts

Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition or statements of the Company or any of its Subsidiaries, or the validity and enforceability of the obligations of the Company or any of its Subsidiaries in respect of any Loan Document. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company and its Subsidiaries.

Appears in 8 contracts

Samples: Credit Agreement (Linde PLC), Credit Agreement (Linde PLC), Credit Agreement (Praxair Inc)

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Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition condition, or statements of the Company Borrower or any of its Subsidiariesother Obligor, or the validity and enforceability of the obligations of the Company Borrower or any of its Subsidiaries other Obligor in respect of any Loan Document. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company and its Subsidiariesany Obligor.

Appears in 3 contracts

Samples: Credit Agreement (Foot Locker Inc), Security Agreement (Venator Group Inc), Credit Agreement (Venator Group Inc)

Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition condition, or statements of the Company or any of its SubsidiariesObligor, or the validity and enforceability of the obligations of the Company or any of its Subsidiaries Obligor in respect of the Credit Agreement or any Loan DocumentNote. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company and its SubsidiariesObligors.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (United Auto Group Inc), Credit Agreement (Exide Electronics Group Inc)

Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition or statements of the Company Borrower or any of its Subsidiaries, or the validity and enforceability of the obligations of the Company Borrower or any of its Subsidiaries in respect of any Loan Document. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company Borrower and its Subsidiaries.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Blyth Inc), Credit Agreement (Blyth Industries Inc)

Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition condition, or statements of the Company Borrower or any of its SubsidiariesSubsidiary, or the validity and enforceability of the obligations of the Company Borrower or any of its Subsidiaries Subsidiary in respect of the Credit Agreement or any Loan DocumentNote. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company and its SubsidiariesBorrower or any Subsidiary.

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Organic Holding Corp)

Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition condition, or statements of the Company Applicant or any of its Subsidiariesother Obligor, or the validity and enforceability of the obligations of the Company Applicant or any of its Subsidiaries other Obligor in respect of any Loan Document. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company and its Subsidiariesany Obligor.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Venator Group Inc)

Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition or statements of the Company ACE or any of its Subsidiaries, or the validity and enforceability of the obligations of the Company ACE or any of its Subsidiaries in respect of any Loan Document. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company ACE and its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Ace LTD)

Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition condition, or statements of the Company Borrower or any of its Subsidiariesthe Parent Guarantor, or the validity and enforceability of the obligations of the Company Borrower or any of its Subsidiaries the Parent Guarantor in respect of the Credit Agreement or any Loan DocumentNote. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company and its SubsidiariesBorrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (American Mobile Satellite Corp)

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Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition condition, or statements of the Company Borrower or any of its Subsidiaries, Subsidiaries or the validity and enforceability of the obligations of the Company or any of its Subsidiaries Borrower in respect of the Credit Agreement or any Loan DocumentNote. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company and its SubsidiariesBorrower.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Guidant Corp)

Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition or statements of the Company or any of its Subsidiaries, Borrower or the validity and enforceability of the obligations of the Company or any of its Subsidiaries Borrower in respect of the Credit Agreement or any Loan Document[Term][Revolving Credit] Note. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company and its SubsidiariesBorrower.

Appears in 1 contract

Samples: Credit Agreement (Martin Marietta Materials Inc)

Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition or statements of the Company Company, the existence or any value of its Subsidiaries, the Collateral or the validity and enforceability of the obligations of the Company or any of its Subsidiaries in respect of any Loan Financing Document. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company and its SubsidiariesCompany.

Appears in 1 contract

Samples: Securities Pledge and Security Agreement (Tenet Healthcare Corp)

Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition condition, or statements of the Company Borrower or any of its SubsidiariesCo-Borrower, or the validity and enforceability of the obligations of the Company Borrower or any of its Subsidiaries Co-Borrower in respect of the Loan Agreement or any Loan DocumentNote. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company and its SubsidiariesBorrower.

Appears in 1 contract

Samples: Secured Term Loan Agreement (Net 2 L P)

Non-Reliance on Assignor. The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition condition, or statements of the Company Borrower or any of its Subsidiariesthe Guarantor, or the validity and enforceability of the obligations of the Company Borrower or any of its Subsidiaries the Guarantor in respect of the Credit Agreement or any Loan DocumentNote. The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of the Company and its SubsidiariesBorrower.

Appears in 1 contract

Samples: Credit Agreement (Turner Corp)

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