Common use of Not in Control Clause in Contracts

Not in Control. Nothing in any Loan Paper gives or may be deemed to give to Administrative Agent or any Bank the right to exercise control over the Borrower or any Subsidiary's Principal Property, other assets, affairs or management or to preclude or interfere with the Borrower or any Subsidiary's compliance with any law or require any act or omission by the Borrower or any Subsidiary that may be harmful to Persons or property. Any materiality or substantiality qualifier of any representation, warranty, covenant, agreement or other provision of any Loan Paper is included for credit documentation purposes only and does not imply, and shall not be deemed to mean, that Administrative Agent or any Bank acquiesces in any noncompliance by the Borrower or any Subsidiary with any law, document, or otherwise or does not expect the Borrower or any Subsidiary to promptly, diligently and continuously carry out all appropriate removal, remediation, compliance, closure or other activities required or appropriate in accordance with all Environmental Laws.

Not in Control. Nothing in any Loan Paper gives or may be deemed to give to Administrative Agent or any Bank the right to exercise control over the Borrower or any Subsidiary's Principal Property, other assets, affairs affairs, or management or to preclude or interfere with the Borrower or any Subsidiary's compliance with any law or require any act or omission by the Borrower or any Subsidiary that may be harmful to Persons or property. Any materiality or substantiality qualifier of any representation, warranty, covenant, agreement agreement, or other provision of any Loan Paper is included for credit documentation purposes only and does not imply, and shall not be deemed to mean, that Administrative Agent or any Bank acquiesces in any noncompliance non-compliance by the Borrower or any Subsidiary with any law, document, or otherwise or does not expect the Borrower or any Subsidiary to promptly, diligently diligently, and continuously carry out all appropriate removal, remediation, compliance, closure closure, or other activities required or appropriate in accordance with all Environmental Laws.