Common use of Non-Reliance on Assignor Clause in Contracts

Non-Reliance on Assignor. Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition, or statements of Borrower or any other party to any Loan Document, or the validity and enforceability of the obligations of Borrower or any other party to a Loan Document in respect of the Loan Agreement or any other Loan Document. Assignee acknowledges that it has, independently and without reliance on 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 Borrower and the other parties to the Loan Documents.

Appears in 10 contracts

Samples: Revolving Credit Agreement (Vornado Realty Trust), Assignment and Assumption Agreement (Vornado Realty Lp), Assignment and Assumption Agreement (Vornado Realty Trust)

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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, or statements of Borrower or any other party to any Loan DocumentObligor, or the validity and enforceability of the obligations Obligations of Borrower or any other party to a Loan Document Obligor in respect of the Loan Credit and Reimbursement Agreement or any other Loan Financing Document. The Assignee acknowledges that it has, independently and without reliance on the Assignor, any other Bank Party and the Agent, 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 Borrower and the other parties to the Loan DocumentsBorrower.

Appears in 3 contracts

Samples: Collateral Trust Agreement (Aes Corp), Assignment and Assumption Agreement (Aes Corporation), Collateral Trust Agreement (Aes Corporation)

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 Borrower or any other party to any Loan DocumentTextron, or the validity and enforceability of the obligations of the Borrower or any other party to a Loan Document in respect of the Loan Credit Agreement or any other Loan DocumentNote or of Textron in respect of the Support Agreement. 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 Borrower and the other parties to the Loan DocumentsTextron.

Appears in 2 contracts

Samples: Credit Agreement (Textron Financial Corp), Day Credit Agreement (Textron Financial 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 Borrower or any other party to any Loan DocumentSubsidiary Guarantor, or the validity and enforceability of the obligations of the Borrower or any other party to a Loan Document Subsidiary Guarantor in respect of the Loan Agreement or any other Loan DocumentFinancing Documents. 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 Borrower and the other parties to the Loan DocumentsSubsidiary Guarantors.

Appears in 2 contracts

Samples: Credit Agreement (CNF Inc), Exchange Agreement (Perini 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 Borrower or any other party to any Loan DocumentObligor, or the validity and enforceability of the obligations Obligations of Borrower or any other party to a Loan Document Obligor in respect of the Loan Credit and Reimbursement Agreement or any other Loan Financing Document. The Assignee acknowledges that it has, independently and without reliance on the Assignor, any other Bank Party or the Agent, 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 Borrower and the other parties to the Loan DocumentsBorrower.

Appears in 2 contracts

Samples: Collateral Trust Agreement (Aes Corporation), Collateral Trust Agreement (Aes 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 Borrower the Borrowers or any other party to any Loan Documentof their respective Subsidiaries, or the validity and enforceability of the obligations of Borrower the Borrowers or any other party to a Loan Document of their respective Subsidiaries in respect of the Loan Agreement or any other 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 Borrower the Borrowers and the other parties to the Loan Documentstheir respective Subsidiaries.

Appears in 1 contract

Samples: Assignment and Assumption 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, or statements of the Borrower or any other party to any Loan Documentthe Guarantor, or the validity and enforceability of the obligations of the Borrower or any other party to a Loan Document the Guarantor in respect of the Loan Credit Agreement or any other 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 Borrower and the other parties to the Loan DocumentsBorrower.

Appears in 1 contract

Samples: Credit Agreement (Turner Corp)

Non-Reliance on Assignor. Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition, or statements of Borrower or any other party to any Loan DocumentObligor, or the validity and enforceability of the obligations of Borrower or any other party to a Loan Document Obligor in respect of the Loan Agreement Agreement, any Note or any other Loan Transaction Document. Assignee acknowledges that it has, independently and without reliance on 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 Borrower and the each other parties to the Loan DocumentsObligor.

Appears in 1 contract

Samples: Term Loan Agreement (Hennessy Advisors Inc)

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