BNPPSC definition
Examples of BNPPSC in a sentence
For the avoidance of doubt, any performance by Dealer of its obligations to Company hereunder solely to BNPPSC shall not relieve Dealer of such obligations.
For the avoidance of doubt, any performance by Dealer of its obligations to Counterparty hereunder solely to BNPPSC shall not relieve Dealer of such obligations.
After BNPPSC sends a Facility Modification Notice, Customer may not substitute any collateral, provided that BNPPSC may permit substitutions (the terms of which shall be determined by BNPPSC in its sole discretion) upon request, which permission shall not be unreasonably withheld.
Each Lender acknowledges that it has, independently and without reliance upon the Agent, BNPPSC or any other Lender and based on the financial statements prepared by the Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents.
Neither the Agent, BNPPSC, any Issuer nor any Lender undertakes any responsibility to the Borrower to review or inform the Borrower of any matter in connection with any phase of the Borrower’s business or operations.
Neither the Agent, BNPPSC, any Issuer nor any Lender shall have any liability with respect to, and the Borrower hereby waives, releases and agrees not to ▇▇▇ for, any special, indirect or consequential damages suffered by the Borrower in connection with, arising out of, or in any way related to the Loan Documents or the transactions contemplated thereby.
Each Lender also acknowledges that it will, independently and without reliance upon the Agent, BNPPSC or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Documents.
The Borrower also agrees to reimburse the Agent, BNPPSC, the Issuers and the Lenders for any costs, internal charges and out-of-pocket expenses (including attorneys’ fees and time charges of attorneys for the Agent, BNPPSC, the Issuers and the Lenders, which attorneys may be employees of the Agent, BNPPSC, the Issuers or the Lenders) paid or incurred by the Agent, BNPPSC, the Issuers or any Lender in connection with the collection and enforcement of the Loan Documents.
Neither the Agent, BNPPSC, any Issuer nor any Lender shall have any fiduciary responsibilities to the Borrower.
Each party agrees it will look solely to the other party (or any guarantor in respect thereof) for performance of such other parties’ obligations under the Transaction, and agrees that the employees of BNPPSC have been granted authority to act on behalf of BNP Paribas to facilitate such agency capacity.