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SWY » Topics » 11.3 Independent Investigation by Lenders; No Responsibility For Appraisal of Creditworthiness .This excerpt taken from the SWY 8-K filed Jun 7, 2005. 11.3 Independent Investigation by Lenders; No Responsibility For Appraisal of Creditworthiness.
Each Lender agrees that it has made its own independent investigation of the financial condition and affairs of Company and its Subsidiaries in connection with the making of the Loans, the creation of Acceptances and the issuance of Letters of Credit hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Company and its Subsidiaries. No Agent shall have any duty or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter (except such information as is, pursuant to the terms of this Agreement, required to be circulated by such
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Agent, to Lenders), and no Agent shall have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders.
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