Common use of Arm’s-Length Terms Clause in Contracts

Arm’s-Length Terms. The Company acknowledges and agrees that (i) the purchase and sale of the Notes pursuant to this Agreement is an arm’s-length commercial transaction between the Company, on the one hand, and the several Underwriters, on the other, (ii) in connection therewith and with the process leading to such transaction each Underwriter is acting solely as a principal and not the agent, fiduciary or advisor of the Company (and the Company agrees that it will not claim that the Underwriters owe, or any of them owes, a fiduciary or similar duty to the Company in connection therewith), and (iii) the Company has consulted its own legal and financial advisors to the extent they deemed appropriate.

Appears in 7 contracts

Samples: Suntrust Banks Inc, Underwriting Agreement (Suntrust Banks Inc), Suntrust Banks Inc

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Arm’s-Length Terms. The Company acknowledges and agrees that (i) the purchase and sale of the Notes Shares pursuant to this Agreement is an arm’s-length commercial transaction between the Company, on the one hand, and the several Underwriters, on the other, (ii) in connection therewith and with the process leading to such transaction each Underwriter is acting solely as a principal and not the agent, fiduciary or advisor of the Company (and the Company agrees that it will not claim that the Underwriters owe, or any of them owes, a fiduciary or similar duty to the Company in connection therewith), and (iii) the Company has consulted its own legal and financial advisors to the extent they deemed appropriate.

Appears in 4 contracts

Samples: Suntrust Banks Inc, Suntrust Banks Inc, Suntrust Banks Inc

Arm’s-Length Terms. The Company acknowledges and agrees that (i) the purchase and sale of the Notes pursuant to this Agreement is an arm’s-length commercial transaction between the Company, on the one hand, and the several Underwriters, on the other, (ii) in connection therewith and with the process leading to such transaction each Underwriter is acting solely as a principal and not the agent, fiduciary or advisor of the Company (and the Company agrees that it will not claim that the Underwriters owe, or any of them owes, a fiduciary or similar duty to the Company in connection therewith), and (iii) the Company has consulted its own legal and financial advisors to the extent they deemed appropriate.

Appears in 2 contracts

Samples: Suntrust Banks Inc, Suntrust Banks Inc

Arm’s-Length Terms. The Company acknowledges and agrees that (i) the purchase and sale of the Notes Securities pursuant to this Agreement is an arm’s-length commercial transaction between the Company, on the one hand, and the several Underwriters, on the other, (ii) in connection therewith and with the process leading to such transaction each Underwriter is acting solely as a principal and not the agent, fiduciary or advisor of the Company (and the Company agrees that it will not claim that the Underwriters owe, or any of them owes, a fiduciary or similar duty to the Company in connection therewith), and (iii) the Company has consulted its their own legal and financial advisors to the extent they deemed appropriate.

Appears in 2 contracts

Samples: Underwriting Agreement (Suntrust Banks Inc), Underwriting Agreement (Suntrust Banks Inc)

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Arm’s-Length Terms. The Company acknowledges and agrees that (i) the purchase and sale of the Notes Securities pursuant to this Agreement is an arm’s-length commercial transaction between the Company, on the one hand, and the several UnderwritersUnderwriter, on the other, (ii) in connection therewith and with the process leading to such transaction each the Underwriter is acting solely as a principal and not the agent, fiduciary or advisor of the Company (and the Company agrees that it will not claim that the Underwriters owe, or any of them owes, Underwriter owes a fiduciary or similar duty to the Company in connection therewith), and (iii) the Company has consulted its own legal and financial advisors to the extent they deemed appropriate.

Appears in 1 contract

Samples: Underwriting Agreement (National City Corp)

Arm’s-Length Terms. The Company acknowledges and agrees that (i) the purchase and sale of the Notes Securities pursuant to this Agreement is an arm’s-length commercial transaction between the Company, on the one hand, and the several UnderwritersUnderwriter, on the other, (ii) in connection therewith and with the process leading to such transaction each the Underwriter is acting solely as a principal and not the agent, fiduciary or advisor of the Company (and the Company agrees that it will not claim that the Underwriters owe, or any of them owes, Underwriter owes a fiduciary or similar duty to the Company Depositary Shares Underwriting Agreement in connection therewith), and (iii) the Company has consulted its own legal and financial advisors to the extent they deemed appropriate.

Appears in 1 contract

Samples: National City Corp

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