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Last modified
7/17/2007 12:07:20 PM
Creation date
12/8/2004 12:39:03 PM
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Template:
Planning Files
Planning Files - Planning File #
2729
Planning Files - Type
Planning-Other
Address
2285 COUNTY ROAD C W
Applicant
COMPUTYPE
PIN
012923410001
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<br />makes no warranty or representation and shall not be responsible for the legality, <br />validity, perfection, priority, enforceability, genuineness, sufficiency or collectability <br />of Equipment Note lor any document relative thereto; and (vi) shall incur no <br />liability under or in respect of Equipment Note I or any related document by acting <br />5 upon any notice, consent, certificate or other instrument or writing (which may be <br />by telefacsimile, telegram, cable or telex) believed by the Originator to.be genuine <br />and correct and signed or sent by the proper party. <br /> <br />d. The Originator shall have no duties or responsibilities to the <br />10 Participant except as expressly set forth herein. The Originator shall not have by <br />reason of this Agreement a fiduciary relationship with respect to the Patticipant, and <br />nothing herein, express or implied, is intended to or shall be so construed as to <br />impose upon the Originator any obligations in respect of Equipment Loan I except as <br />expressly set forth therein or herein. <br /> <br />e. The Participant acknowledges that it has, independently and <br />without reliance upon the Originator or the directors, officers, agents or employees <br />of the Originator and instead in reliance upon its own review of such information <br />as the Participant has deemed appropriate, made its own independent credit analysis <br />20 and decision to enter into this Agreement and the Participant agrees that it shall, <br />independently and without reliance on the Originator or the directors, officers, <br />agents or employees of the Originator, continue to make its own independent credit <br />analysis and decisions in taking or in refraining from taking any action under this <br />Agreement. Except as expressly provided for in this Agreement, the Originator shall <br />25 not have any duty or responsibility, either initially or on a continuing basis, to <br />provide the Participant with any credit or other information with respect to <br />Equipment Loan I, whether coming into the possession of the Originator prior to <br />the date hereof or at any time or times hereafter. <br /> <br />15 <br /> <br />30 f. The Originator may not relinquish its rights and obligations to <br />manage the credit under this Paragraph VII without the prior written consent of the <br />Participant. <br /> <br />VIII. <br />3 5 INDEMNIFICATION <br /> <br />In the event the Originator shall incur out-of-pocket expenses, losses, <br />liabilities (including liabilities for penalties), judgments, demands or costs <br />(including, without limitation, reasonable attorneys' fees) in connection with the <br />40 enforcement of Equipment Note I, Equipment Loan I or this Agreement, the <br />Participant shall pay, indemnify and hold harmless the Originator upon demand for <br />its ratable share (based upon its Participation Percentage) or, in the case of any <br />expense, loss, liability, judgment, demand or cost arising out of Participant's breach <br /> <br />~7- <br />
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