Common use of Disclaimer of Relationships Clause in Contracts

Disclaimer of Relationships. (a) The Recipient shall not be deemed to be an agency, department, or instrumentality of the United States merely by virtue of it being a Recipient. (b) Nothing in the Assistance Agreement, nor any act of the CDFI Fund or the Recipient, shall be construed by either of them, or by a third party, to create any relationship of third-party beneficiary, principal and agent, limited or general partner or joint venture, or of any association or relationship whatsoever involving the CDFI Fund. (c) Notwithstanding any other provision of law, the CDFI Fund shall not be deemed to control the Recipient by reason of any CMF Award provided hereunder for the purpose of any other applicable law, provided that the CDFI Fund does not own more than fifty percent (50%) of the equity of the Recipient.

Disclaimer of Relationships. (a) The Recipient shall not be deemed to be an agency, department, department or instrumentality of the United States merely by virtue of it being a Recipient. (b) Nothing in the Assistance Agreement, nor any act of the CDFI Fund or the Recipient, shall be construed by either of them, or by a third party, to create any relationship of third-party beneficiary, principal and agent, limited or general partner or joint venture, or of any association or relationship whatsoever involving the CDFI Fund. (c) Notwithstanding any other provision of law, the CDFI Fund shall not be deemed to control the Recipient by reason of any CMF Award Assistance provided hereunder for the purpose of any other applicable law, provided that the CDFI Fund does not own more than fifty 50 percent (50%) of the equity of the Recipient.