Common use of BANK'S OBLIGATIONS Clause in Contracts

BANK'S OBLIGATIONS. Except with respect to the obligations and duties expressly provided in this Agreement, this Agreement shall not impose or create any obligations or duties upon the Bank that are greater than or in addition to the usual and customary obligations and duties, if any, of the Bank with respect to the Deposit Accounts or the Customer. Except for this Agreement, the Bank shall have no obligation or duty whatsoever to interpret the terms of any Loan Document or Secured Hedging Document or to determine whether the Collateral Agent has the right to issue a Notice of Blockage or a Notice to Direct Funds.

Appears in 3 contracts

Samples: Management Services Agreement (Cinedigm Corp.), Credit Agreement (Cinedigm Corp.), Guaranty Agreement (Cinedigm Corp.)

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BANK'S OBLIGATIONS. Except with respect to the obligations and duties expressly provided in this Agreement, this Agreement shall not impose or create any obligations or duties upon the Bank that are greater than or in addition to the usual and customary obligations and duties, if any, of the Bank with respect to the Deposit Accounts or the Customer. Except for this Agreement, the Bank shall have no obligation or duty whatsoever to interpret the terms of any Loan Document or Secured Hedging Document or to determine whether the Collateral Agent either Secured Party has the right to issue a Notice of Blockage or both Secured Parties have the right to issue a Notice to Direct Funds.

Appears in 1 contract

Samples: Management Services Agreement (Cinedigm Corp.)

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