Lead Arranger, Book Runner Sample Clauses
The 'Lead Arranger, Book Runner' clause designates the party or parties responsible for organizing and managing the syndication of a loan or financing arrangement. In practice, the lead arranger coordinates the structuring, negotiation, and documentation of the deal, while the book runner manages the allocation of loan portions to participating lenders and maintains records of commitments. This clause clarifies the roles and responsibilities of key financial institutions in the transaction, ensuring efficient coordination and transparency throughout the syndication process.
Lead Arranger, Book Runner. Each of the Lead Arrangers and the Book Runner, in such capacities, shall not have any right, power, obligation, liability, responsibility, or duty under this Agreement other than those applicable to it in its capacity as a Lender, as Agent, as Swing Lender, or as Issuing Lender. Without limiting the foregoing, each of the Lead Arrangers and the Book Runner, in such capacities, shall not have or be deemed to have any fiduciary relationship with any Lender or any Loan Party. Each Lender, Agent, Swing Lender, Issuing Lender, and each Loan Party acknowledges that it has not relied, and will not rely, on the Lead Arrangers and the Book Runner in deciding to enter into this Agreement or in taking or not taking action hereunder. Each of the Lead Arrangers and the Book Runner, in such capacities, shall be entitled to resign at any time by giving notice to Agent and Borrowers.
Lead Arranger, Book Runner. The Arranger and Book Runner shall have no duties, obligations or liabilities hereunder in its capacity as the Arranger and Book Runner. The Lenders shall have no right to replace the Arranger or Book Runner, and the Arranger and Book Runner shall not have the right to assign its status as the arranger or book runner, as applicable, to any Person.
Lead Arranger, Book Runner. Each of the Lead Arranger and the Book Runner shall have no duties, responsibilities, rights (except for fees payable to them in such capacity) or liabilities as the Lead Arranger or the Book Runner, as the case may be, under this Agreement or any of the other Loan Documents and (other than as, and to the extent, a Lender Party) shall not be liable or answerable for anything whatsoever in connection with any of the Loan Documents or other instrument or agreement required hereunder or thereunder, including responsibility in respect of the execution, delivery, construction or enforcement of any of the Loan Documents or any such other instrument or agreement, or for any action taken or not taken by any Person with respect thereto. Each of the Lead Arranger and the Book Runner has and shall have no duty or responsibility whatsoever on the date hereof or at any time hereafter, to provide any Lender Party with any credit or other information. Nothing herein shall (nor shall it be construed so as to) constitute any Lead Arranger or Book Runner a trustee for any Credit Party or its Subsidiaries or impose on it any duties or obligations whatsoever under this Agreement, the other Loan Documents, or otherwise.