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 Securities pursuant to this Agreement is an arm’s-length commercial transaction between the Company, on the one hand, and the Underwriters, on the other, (ii) in connection therewith and with the process leading to such transaction the Underwriters are acting solely as a principal and not the agent or fiduciary of the Company, (iii) the Underwriters have not assumed an advisory or fiduciary responsibility in favor of the Company with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether the Underwriters have advised or are currently advising the Company on other matters) or any other obligation to the Company except the obligations expressly set forth in this Agreement and (iv) the Company has consulted its own legal and financial advisors to the extent it deemed appropriate. The Company agrees that it will not claim that the Underwriters have rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the Company, in connection with such transaction or the process leading thereto.

Appears in 4 contracts

Samples: Huntington Bancshares Incorporated (Huntington Bancshares Inc/Md), Huntington Bancshares Incorporated (Huntington Bancshares Inc/Md), Huntington Bancshares Incorporated (Huntington Bancshares Inc/Md)

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Arm’s-Length Terms. The Company acknowledges and agrees that (i) the purchase and sale of the Debt 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 the Underwriters are transaction, each Underwriter is acting solely as a principal and not the agent or fiduciary of the CompanyCompany or Parent, (iii) the Underwriters have not no Underwriter has assumed an advisory or fiduciary responsibility in favor of the Company or Parent with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether the Underwriters have such Underwriter has advised or are is currently advising the Company or Parent on other matters) or any other obligation to the Company or Parent except the obligations expressly set forth in this Agreement and (iv) the Company has and Parent have consulted its their own legal and financial advisors to the extent it they deemed appropriate. The Company agrees that it will not claim that the Underwriters have Underwriters, or any of them, has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the Company, in connection with such transaction or the process leading thereto.

Appears in 4 contracts

Samples: Underwriting Agreement (Everest Reinsurance Holdings Inc), Underwriting Agreement (Everest Reinsurance Holdings Inc), Underwriting Agreement (Everest Reinsurance Holdings Inc)

Arm’s-Length Terms. The Company acknowledges and agrees that (i) the purchase and sale of the Securities pursuant to this Agreement is an arm’s-length commercial transaction between the Company, on the one hand, and the Underwriters, on the other, (ii) in connection therewith and with the process leading to such transaction the Underwriters are acting solely as a principal and not the agent or fiduciary of the Company, (iii) the Underwriters have not assumed an advisory or fiduciary responsibility in favor of the Company with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether the Underwriters have advised or are currently advising the Company on other matters) or any other obligation to the Company except the obligations expressly set forth in this Agreement and (iv) the Company has consulted its own legal and financial advisors to the extent it deemed appropriate. The Company agrees that it will not claim that the Underwriters have rendered advisory services of any nature or respect, or owes owe a fiduciary or similar duty to the Company, in connection with such transaction or the process leading thereto.

Appears in 4 contracts

Samples: Huntington Bancshares Incorporated (Huntington Bancshares Inc/Md), Huntington Bancshares Incorporated (Huntington Bancshares Inc/Md), Huntington Bancshares Inc/Md

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Arm’s-Length Terms. The Company acknowledges and agrees that (i) the purchase and sale of the Securities pursuant to this Agreement is an arm’s-length commercial transaction between the Company, on the one hand, and the Underwriters, on the other, (ii) in connection therewith and with the process leading to such transaction the Underwriters are acting solely as a principal and not the agent or fiduciary of the Company, (iii) the Underwriters have not assumed an advisory or fiduciary responsibility in favor of the Company with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether the Underwriters have advised or are is currently advising the Company on other matters) or any other obligation to the Company except the obligations expressly set forth in this Agreement and (iv) the Company has consulted its own legal and financial advisors to the extent it deemed appropriate. The Company agrees that it will not claim that the Underwriters have rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the Company, in connection with such transaction or the process leading thereto.

Appears in 1 contract

Samples: Underwriting Agreement (Huntington Bancshares Inc/Md)

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