Common use of Funder’s Passive Role Clause in Contracts

Funder’s Passive Role. The Funder is not, and does not by virtue of entering into this Agreement become, a party to the Subject Claim nor does the Funder have any rights as to the direction, control, settlement or other conduct of the Subject Claim. The Funder does not have any rights as to the direction, control or conduct of the Nominated Lawyer, other than to receive advance written notice of the Claimholder’s selection of the Nominated Lawyer as set forth in Schedule 2.

Funder’s Passive Role. The Funder is not, and does not by virtue of entering into this Agreement become, a party to the Subject Claim nor does the Funder have any rights as to the direction, control, settlement or other conduct of the Subject Claim. The Funder does not have any rights as to the direction, control or conduct of the Nominated LawyerLawyers, other than to receive advance written notice of the Claimholder’s selection of the Nominated Lawyer Lawyers as set forth in Schedule 2.