Common use of Limitations of Agency Clause in Contracts

Limitations of Agency. The Agent will act under the Loan Documents solely as the agent of the Lenders and only to the extent specifically set forth in the Loan Documents and will, under no circumstances, be considered to be a fiduciary of any nature whatsoever in respect of any other Person. The relationship between the Agent and the Lenders is that of agent and principal only and the Agent shall not be deemed to be a trustee or fiduciary for any Lender. The Agent may generally engage in any kind of banking or trust business with the Company as if it were not the Agent.

Limitations of Agency. The Notwithstanding anything in the Loan Documents, expressed or implied, it is agreed by the parties hereto, that the Agent will act under the Loan Documents as Agent solely as the agent of for the Lenders and only to the extent specifically set forth in the Loan Documents herein, and will, under no circumstances, be considered to be a an agent or fiduciary of any nature whatsoever in respect of to any other Person. The relationship between the Agent and the Lenders is that of agent and principal only and the Agent shall not be deemed to be a trustee or fiduciary for any Lenderperson. The Agent may generally engage in any kind of banking or trust business with the Company Borrower or any of their affiliates as if it were was not the Agent.