Creditor-Debtor Relationship. The relationship between the Term Agent, and each Term Lender, on the one hand, and the Borrowers, on the other hand, is solely that of creditor and debtor. No Secured Party has any fiduciary relationship or duty to any Borrower arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between the Secured Parties and the Borrowers by virtue of, any Loan Document or any transaction contemplated therein.
Appears in 7 contracts
Samples: Credit Agreement (Mediaco Holding Inc.), Second Lien Term Loan Agreement (Mediaco Holding Inc.), Term Loan Agreement (Mediaco Holding Inc.)
Creditor-Debtor Relationship. The relationship between the Term Agent, Agent and each Term Lender, Lender on the one hand, and the BorrowersLoan Parties, on the other hand, is solely that of creditor and debtor. No Secured Party has any fiduciary relationship or duty to any Borrower Loan Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between the Secured Parties and the Borrowers Loan Parties by virtue of, this Agreement or any Loan Document or any other document or transaction contemplated herein or therein.
Appears in 5 contracts
Samples: Credit Agreement (Mach Natural Resources Lp), Credit Agreement (Mach Natural Resources Lp), Credit Agreement (Parsley Energy, Inc.)
Creditor-Debtor Relationship. The relationship between the Term Agent, and each Term Lender, on the one hand, and the BorrowersCredit Parties, on the other hand, is solely that of creditor and debtor. No Secured Party has any fiduciary relationship or duty to any Borrower Credit Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between the Secured Parties and the Borrowers Credit Parties by virtue of, any Loan Document or any transaction contemplated therein.
Appears in 2 contracts
Samples: Term Loan Agreement (Numerex Corp /Pa/), Term Loan Agreement (Furniture Brands International Inc)
Creditor-Debtor Relationship. The relationship between the Term Agent, Agent and each Term Lender, Lender on the one hand, and the BorrowersLoan Parties, on the other hand, is solely that of creditor and debtor. No Secured Party has any fiduciary relationship or duty to any Borrower Loan Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between the Secured Parties and the Borrowers Loan Parties by virtue of, this Agreement, any other Loan Document or Transaction Document or any transaction contemplated herein or therein.
Appears in 2 contracts
Samples: Credit Agreement (Trans Energy Inc), Credit Agreement (Trans Energy Inc)
Creditor-Debtor Relationship. The relationship between the Term Agent, Agent and each Term Lender, Lender on the one hand, and the BorrowersLoan Parties, on the other hand, in connection with the Loan Documents is solely that of creditor and debtor. No Secured Party has any fiduciary relationship or duty to any Borrower Loan Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between the Secured Parties and the Borrowers Loan Parties by virtue of, any Loan Document or any transaction contemplated herein or therein.
Appears in 1 contract
