Common use of Lender Not a Fiduciary Clause in Contracts

Lender Not a Fiduciary. The relationship between Borrower and Lender is solely that of debtor and creditor, and Lender has no fiduciary or other special relationship with Borrower, and no term or provision of any of the Loan Documents shall be construed so as to deem the relationship between Borrower and Lender to be other than that of debtor and creditor.

Appears in 3 contracts

Samples: Receivables Loan and Security Agreement (Diamond Resorts Parent, LLC), Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)

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Lender Not a Fiduciary. The relationship between Borrower and Lender is solely that of debtor and creditor, and Lender has no fiduciary or other special relationship with BorrowerBorrower or Guarantor, and no term or provision of any of the Loan Documents shall be construed so as to deem the relationship between Borrower Borrower, Guarantor, and Lender to be other than that of debtor and creditor.

Appears in 2 contracts

Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)

Lender Not a Fiduciary. The relationship between Borrower and Lender is solely that of debtor and creditor, and Lender has no fiduciary or other special relationship with Borrower, Borrower and no term or provision of any of the Loan Documents shall be construed so as to deem the relationship between Borrower and Lender to be other than that of debtor and creditor.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

Lender Not a Fiduciary. The relationship between Borrower and Lender is solely that of debtor and creditor, and Lender has no fiduciary or other special relationship with Borrower, and no term or provision of any of the Loan Documents shall be construed so as to deem the relationship between Borrower Borrower, and Lender to be other than that of debtor and creditor.

Appears in 1 contract

Samples: Receivables Loan and Security Agreement (Silverleaf Resorts Inc)

Lender Not a Fiduciary. The relationship between Borrower and Lender is solely that of debtor and creditor, and Lender has no fiduciary or other special relationship with BorrowerBorrower or Guarantor, and no term or provision of any of the Loan Documents shall be construed so as to deem the relationship between Borrower Borrower, the Guarantor and Lender to be other than that of debtor and creditor.

Appears in 1 contract

Samples: Loan Agreement (Cr Resorts Capital S De R L De C V)

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Lender Not a Fiduciary. The relationship between Borrower and Lender is solely that of debtor and creditor, and Lender has no fiduciary or other special relationship with Borrower, and no term or provision of any of the Inventory Loan Documents shall be construed so as to deem the relationship between Borrower and Lender to be other than that of debtor and creditor.

Appears in 1 contract

Samples: Loan and Security Agreement (Diamond Resorts Parent, LLC)

Lender Not a Fiduciary. The relationship between Borrower and Lender is solely that of debtor and creditor, and Lender has no fiduciary or other special relationship with Borrower, and no term or provision of any of the Loan Documents shall be construed so as to deem the relationship between Borrower and Lender to be other than that of debtor and creditor.

Appears in 1 contract

Samples: Hypothecation Loan Agreement (Silverleaf Resorts Inc)

Lender Not a Fiduciary. The relationship between Borrower and Lender is solely that of debtor and creditor, and Lender has no fiduciary or other special relationship with BorrowerBorrower or Guarantors, and no term or provision of any of the Loan Documents shall be construed so as to deem the relationship between Borrower Borrower, Guarantors, and Lender to be other than that of debtor and creditor.

Appears in 1 contract

Samples: Loan and Security Agreement (Equivest Finance Inc)

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