Common use of Non-Reliance on Administrative Agent Clause in Contracts

Non-Reliance on Administrative Agent. Each New Revolving Credit Lender represents to the Administrative Agent and the Collateral Agent that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent or any Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decisions to provide its New Revolving Credit Commitment hereunder and enter into this Amendment. Each New Revolving Credit Lender also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent or any Lender, 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 Amendment, the Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates.

Appears in 1 contract

Samples: Credit Agreement (Freescale Semiconductor, Ltd.)

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Non-Reliance on Administrative Agent. Each New Revolving Credit of the Replacement Lender represents to the Administrative Agent and the Collateral Agent Consenting Lenders acknowledges that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent any Second Amendment Arranger or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decisions to provide its New Revolving Credit Commitment hereunder and enter into this Amendment. Each New Revolving Credit of the Replacement Lender and the Consenting Lenders also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent any Second Amendment Arranger 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 analysis, appraisals and decisions in taking or not taking action under this Amendment, the Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates.

Appears in 1 contract

Samples: Second Amendment (Intrawest Resorts Holdings, Inc.)

Non-Reliance on Administrative Agent. Each New Revolving Credit Term Lender represents to the Administrative Agent and the Collateral Agent that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent or any Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decisions to provide make its New Revolving Credit Commitment Term Loans hereunder and enter into this Amendment. Each New Revolving Credit Term Lender also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent or any Lender, 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 Amendment, the Third Amended and Restated Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates.

Appears in 1 contract

Samples: Assignment and Assumption (Freescale Semiconductor, Ltd.)

Non-Reliance on Administrative Agent. Each New Revolving Credit of the Replacement Lender represents to the Administrative Agent and the Collateral Agent Consenting Lenders acknowledges that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent any Fifth Amendment Arranger or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decisions to provide its New Revolving Credit Commitment hereunder and enter into this Amendment. Each New Revolving Credit of the Replacement Lender and the Consenting Lenders also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent any Fifth Amendment Arranger 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 analysis, appraisals and decisions in taking or not taking action under this Amendment, the Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates.

Appears in 1 contract

Samples: Fifth Amendment (Intrawest Resorts Holdings, Inc.)

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Non-Reliance on Administrative Agent. Each New Revolving Credit Lender represents to of the Administrative Agent and the Collateral Agent Consenting Lenders acknowledges that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent Fourth Amendment Arranger, any other arranger or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decisions to provide its New Revolving Credit Commitment hereunder and enter into this Amendment. Each New Revolving Credit Lender of the Consenting Lenders also represents that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent Fourth Amendment Arranger, any other arranger 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 analysis, appraisals and decisions in taking or not taking action under this Amendment, the Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates.

Appears in 1 contract

Samples: Fourth Amendment (Intrawest Resorts Holdings, Inc.)

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