RISKS OF VALUE OF COLLATERAL. Any reference to a given asset in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by any Agent or any Lender relative to the actual value of the asset in question. All risks concerning the value of the Collateral are and remain upon the Borrowers. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Agents in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Working Capital Loans.
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Samples: Loan and Security Agreement (Mazel Stores Inc), Loan and Security Agreement (Restoration Hardware Inc), Loan and Security Agreement (Mazel Stores Inc)
RISKS OF VALUE OF COLLATERAL. Any reference to a given asset in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by any the Agent or any Lender the Lenders relative to the actual value of the asset in question. All risks concerning the value of the Collateral are and remain upon the BorrowersBorrower. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Agents in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Working Capital LoansRevolving Credit.
Appears in 2 contracts
Samples: Loan and Security Agreement (RoomStore, Inc.), Loan and Security Agreement (Wild Oats Markets Inc)
RISKS OF VALUE OF COLLATERAL. Any reference to a given asset in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Revolving Credit and/or the monitoring of compliance with the provisions hereof shall not be deemed a determination by any the Agent or any Lender the Lenders relative to the actual value of the asset in question. All risks concerning the value of the Collateral are and remain upon the BorrowersBorrower. All Collateral secures the prompt, punctual, and faithful performance of the Liabilities whether or not relied upon by the Agents Agent in connection with the making of loans, credits, and advances and the providing of financial accommodations under the Working Capital LoansRevolving Credit.
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