Common use of Absence of Fiduciary, Trust or Agency Relationship Clause in Contracts

Absence of Fiduciary, Trust or Agency Relationship. Nothing in this Deposit Agreement or otherwise in connection with the transactions contemplated hereby shall be deemed to create a fiduciary, trust or agency relationship or fiduciary or other implied duty among the parties hereto. Each of the parties hereto acknowledges and agrees that the transactions contemplated by this Deposit Agreement are arm's length commercial transactions among the parties hereto and in connection therewith, the Depositary has not assumed a fiduciary responsibility in favor of any Holder, any Owner or any other party with respect to the transactions contemplated hereby.

Absence of Fiduciary, Trust or Agency Relationship. Nothing in this the Deposit Agreement or otherwise in connection with the transactions contemplated hereby thereby shall be deemed to create a fiduciary, trust or agency relationship or fiduciary or other implied duty among the parties heretothereto. Each of the parties hereto thereto acknowledges and agrees that the transactions contemplated by this the Deposit Agreement are arm's length commercial transactions among the parties hereto thereto and in connection therewith, the Depositary has not assumed a fiduciary responsibility in favor of any Holder, any Owner or any other party with respect to the transactions contemplated herebythereby.

Absence of Fiduciary, Trust or Agency Relationship. Nothing in this Deposit Agreement or otherwise in connection with the transactions contemplated hereby shall be deemed to create a fiduciary, trust or agency relationship or fiduciary or other implied duty among the parties hereto. Each of the parties hereto acknowledges and agrees that the transactions contemplated by this Deposit Agreement are arm's ’s length commercial transactions among the parties hereto and in connection therewith, the Depositary has not assumed a fiduciary responsibility in favor of any Holder, any Owner or any other party with respect to the transactions contemplated hereby.