Lender-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and Borrowers, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to Borrowers arising out of or in connection with, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and Borrowers, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 6 contracts
Samples: Credit Agreement (Plato Learning Inc), Credit Agreement (Bell Industries Inc /New/), Dip Credit Agreement (Foothills Resources Inc)
Lender-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and BorrowersBorrower, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to Borrowers Borrower arising out of or in connection with, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and BorrowersBorrower, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 5 contracts
Samples: Credit Agreement (Sanfilippo John B & Son Inc), Credit Agreement (Dialogic Inc.), Dip Credit Agreement (Storm Cat Energy CORP)
Lender-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and BorrowersLoan Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to Borrowers Loan Parties arising out of or in connection with, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and BorrowersLoan Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 3 contracts
Samples: Credit Agreement (Take Two Interactive Software Inc), Credit Agreement (Take Two Interactive Software Inc), Credit Agreement (Take Two Interactive Software Inc)
Lender-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and BorrowersXxxxxxxx, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to Borrowers Borrower arising out of or in connection with, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and BorrowersBorrower, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 2 contracts
Samples: Credit Agreement (Sanfilippo John B & Son Inc), Credit Agreement (Sanfilippo John B & Son Inc)
Lender-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and BorrowersLoan Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to Borrowers any Loan Party arising out of or in connection with, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and BorrowersLoan Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 1 contract
Lender-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and BorrowersLoan Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to Borrowers Loan Parties arising out of or in connection with, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and Borrowers, Loan Parties on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 1 contract
Samples: Credit Agreement (Dune Energy Inc)
Lender-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and Borrowers, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to the Borrowers arising out of or in connection with, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and the Borrowers, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 1 contract
Samples: Debtor in Possession Credit Agreement (TXCO Resources Inc)
Lender-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and BorrowersCredit Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to Borrowers any Credit Party arising out of or in connection with, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and BorrowersCredit Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 1 contract
Lender-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and BorrowersBorrower, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to Borrowers Borrower arising out of or in connection with, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and Borrowers, Borrower on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 1 contract
Lender-Creditor Relationship. The relationship between the Lenders and AgentAgents, on the one hand, and Borrowersthe Credit Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to Borrowers the Credit Parties arising out of or in connection with, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and Borrowersthe Credit Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 1 contract
Samples: Second Lien Credit Agreement (Ascendia Brands, Inc.)
Lender-Creditor Relationship. The relationship between the Lenders and Agent, on the one hand, and Borrowersthe Credit Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to Borrowers the Credit Parties arising out of or in connection with, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and Borrowersthe Credit Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 1 contract
