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FL » Topics » Non-Reliance on Administrative Agent and Other Banks.

This excerpt taken from the FL 8-K filed May 21, 2008.
Non-Reliance on Administrative Agent and Other Banks. Each Bank and each LC Agent acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Bank or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Bank and each LC Agent also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Bank or any of their Related Parties and based on such documents and

 

 

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information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

Section 7.08.

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