Debtor-Creditor Relationship. The relationship between the Bank, on the one hand, and the Borrower, on the other hand, arising under the Loan Documents, is solely that of creditor and debtor. The Bank shall not have (or shall not be deemed to have) any fiduciary relationship or duty to the Borrower arising out of or in connection with the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the Bank, on the one hand, and the Borrower, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Dividend & Income Fund), Revolving Credit Agreement (Foxby Corp.), Revolving Credit Agreement (Midas Series Trust)
Debtor-Creditor Relationship. The relationship between the Bank, on the one hand, and the Borrower, on the other hand, arising under the Loan Documents, is solely that of creditor and debtor. The Bank shall not have (or shall not be deemed to have) any fiduciary relationship or duty to the Borrower arising out of or in connection with the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the Bank, on the one hand, and the Borrower, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Spirit of America Investment Fund Inc), Revolving Credit Agreement (Capitol Series Trust)
