Purchase Decisions Sample Clauses
The "Purchase Decisions" clause defines the process and criteria by which a party determines whether to proceed with buying goods or services under an agreement. Typically, this clause outlines the factors to be considered—such as quality, price, delivery timelines, or compliance with specifications—and may specify who within the organization has authority to make the final decision. Its core practical function is to establish a clear and consistent framework for making purchasing choices, thereby reducing ambiguity and potential disputes over procurement decisions.
Purchase Decisions. Each Purchaser acknowledges that it has, independently and without reliance upon the Agent or any of its Affiliates or any other Purchaser and based on such documents and information as it has deemed appropriate, made its own evaluation and decision to enter into this Agreement and to purchase undivided ownership interests in Pool Receivables hereunder. Each Purchaser also acknowledges that it shall, independently and without reliance upon the Agent, any of its Affiliates or any other Purchaser and based on such documents and information as it shall deem appropriate at the time, continue to make its own decisions in taking or not taking action under this Agreement.
Purchase Decisions. 22 SECTION 8.06. Indemnification................................................23
Purchase Decisions. Each Bank acknowledges that it has, independently and without reliance upon the Agent, any of its Affiliates or any other Bank or Eligible Asset Owner and based on such documents and information as it has deemed appropriate, made its own evaluation and decision to enter into this Agreement and, if it so determines, to purchase undivided ownership interests in Pool Receivables hereunder. Each Bank also acknowledges that it will, independently and without reliance upon the Agent, any of its Affiliates or any other Bank or Eligible Asset Owner and based on such documents and information as it shall deem appropriate at the time, continue to make its own decisions in taking or not taking action under this Agreement or any Selling Subsidiary Letter.
Purchase Decisions. (a) Each Parallel Purchaser acknowledges that none of the Agent-Related Persons has made any representation or warranty to it, and that no act by the Administrative Agent hereinafter taken, including any review of the affairs of the Seller shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Parallel Purchaser. Each Parallel Purchaser represents to the Administrative Agent that it has, independently and without reliance upon any Agent-Related Person and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations, property, financial and other condition and creditworthiness of the Seller, the value of and title to the Purchased Interest, and all applicable bank regulatory laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend its purchase commitment to the Seller hereunder. Each Parallel Purchaser also represents that it will, independently and without reliance upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the Seller. Except for notices, reports and other documents expressly herein required to be furnished to the Parallel Purchasers by the Administrative Agent, the Administrative Agent shall not have any duty or responsibility to provide any Parallel Purchaser with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of the Seller which may come into the possession of any of the Agent-Related Persons.
(b) The Administrative Agent shall not be liable to any Parallel Purchaser in connection with (x) the administration of any of the Transaction Documents or (y) this Agreement or any purchases hereunder except for its own gross negligence or willful misconduct. Without limiting the foregoing, the Administrative Agent:
(i) may consult with legal counsel (including counsel for the Seller), independent public accountants or other experts and shall not be liable for any action taken or omitted to be taken in good fai...
Purchase Decisions. The Purchaser acknowledges that it ------------------ has, independently and without reliance upon the Deal Agent, FNBB or any Affiliate of FNBB, and based on such documents and information as it has deemed appropriate, made its own evaluation and decision to enter into this Agreement and, if it so determines, to purchase the Purchased Interests hereunder. The Purchaser also acknowledges that it will, independently and without reliance upon the Deal Agent, FNBB or any Affiliate of FNBB, and based on such documents and information as it shall deem appropriate at the time, continue to make its own decisions in taking or not taking action under this Agreement.
Purchase Decisions. Each Member acknowledges that it has, independently and without reliance upon the Agent, any of its Affiliates or any Group Managing Agent or any of their respective Affiliates or any other Indemnified Party and based on such documents and information as it has deemed appropriate, made its own evaluation and decision to enter into this Agreement and, if it so determines, to purchase undivided ownership interests in Pool Receivables hereunder. Each Member also acknowledges that it will, independently and without reliance upon the Agent, any of its Affiliates or any Group Managing Agent or any of their respective Affiliates or any other Indemnified Party and based on such documents and information as it shall deem appropriate at the time, continue to make its own decisions in taking or not taking action under this Agreement or any other Transaction Document.