Common use of Lender Not Fiduciary Clause in Contracts

Lender Not 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 condition 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 18 contracts

Samples: Credit and Security Agreement (loanDepot, Inc.), Credit Agreement (Cryo Cell International Inc), Loan Agreement (Third Coast Bancshares, Inc.)

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

Appears in 10 contracts

Samples: Loan Agreement (Quest Resource Holding Corp), Loan Agreement (Pizza Inn Holdings, Inc /Mo/), Loan Agreement (Home Solutions of America Inc)

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

Appears in 6 contracts

Samples: Loan and Security Agreement (Dawson Geophysical Co), Loan and Security Agreement (Clean Energy Fuels Corp.), Loan and Security Agreement (Ministry Partners Investment Company, LLC)

Lender Not 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 condition 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 5 contracts

Samples: Loan and Security Agreement (Silverleaf Resorts Inc), Loan Agreement (Mego Financial Corp), Inventory Loan and Security Agreement (Silverleaf Resorts Inc)

Lender Not 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 condition 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: Loan and Security Agreement (Mego Financial Corp), Loan and Security Agreement (Mego Financial Corp), Loan and Security Agreement (Signature Resorts Inc)

Lender Not Fiduciary. The relationship between Borrower the Borrower, on one hand, and Lender the Agent and the Lenders, on the other hand, is solely that of debtor and creditor, and Lender no such Person has no any fiduciary or other special relationship with the Borrower, and no term or condition of any of the Loan Documents shall be construed so as to deem the relationship between the Borrower and Lender such Persons to be other than that of debtor and creditor.

Appears in 2 contracts

Samples: Loan Agreement (T-3 Energy Services Inc), Loan Agreement (T-3 Energy Services Inc)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Bluegreen Corp), Loan and Security Agreement (Bluegreen Corp)

Lender Not Fiduciary. The relationship between Borrower 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 condition 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 2 contracts

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

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

Appears in 1 contract

Samples: Loan Agreement (Integrated Performance Systems Inc)

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

Appears in 1 contract

Samples: Loan Agreement (Ascendant Solutions Inc)

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Lender Not 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 condition 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. Nothing herein contained shall be construed to create a partnership or joint venture between Borrower and Lender, and the parties hereby acknowledge that no such relationship exists between them.

Appears in 1 contract

Samples: Inventory Loan and Security Agreement (Diamond Resorts Corp)

Lender Not 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 condition 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.. Section 11.5

Appears in 1 contract

Samples: Credit Agreement (Craftmade International Inc)

Lender Not 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 condition of any of the Loan Documents shall be construed so as to deem the relationship between Borrower and Lender Lender, to be other than that of debtor and creditor.

Appears in 1 contract

Samples: Notice of Final Agreement (Friedman Industries Inc)

Lender Not 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 condition of any of the Loan Documents or the Intercreditor Agreement 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: Credit Agreement (Victory Energy Corp)

Lender Not 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 condition of any of the Loan Documents shall be construed so as to deem the relationship between Borrower and Lender Lender, to be other than that of debtor and creditor.. Revolving Line of Credit Loan Agreement, Page 11

Appears in 1 contract

Samples: Friedman Industries Inc

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

Appears in 1 contract

Samples: Loan Agreement (Marcum Natural Gas Services Inc/New)

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