Common use of Limited Duties Clause in Contracts

Limited Duties. Under the Note Documents, Agent (i) is acting solely on behalf of the Secured Parties, with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Agent”, the terms “agent”, “Agent” and “collateral agent” and similar terms in any Note Document to refer to Agent, which terms are used for title purposes only, (ii) is not assuming any obligation under any Note Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Purchaser or any other Person and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Note Document, and each Secured Party, by accepting the benefits of the Note Documents, hereby waives and agrees not to assert any claim against Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above.

Limited Duties. Under the Note Loan Documents, Agent (i) is acting solely on behalf of the Secured Parties, with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Agent”, the terms “agent”, “Agent” and “collateral agent” and similar terms in any Note Loan Document to refer to Agent, which terms are used for title purposes only, (ii) is not assuming any obligation under any Note Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Purchaser Lender, L/C Issuer or any other Person and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Note Loan Document, and each Secured Party, by accepting the benefits of the Note Loan Documents, hereby waives and agrees not to assert any claim against Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above.

Limited Duties. Under the Note Loan Documents, Agent (i) is acting solely on behalf of the Secured Parties, with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Agent”, the terms “agent”, “Agent” and “collateral agent” and similar terms in any Note Loan Document to refer to Agent, which terms are used for title purposes only, (ii) is not assuming any obligation under any Note Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Purchaser Lender or any other Person and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Note Loan Document, and each Secured Party, by accepting the benefits of the Note Loan Documents, hereby waives and agrees not to assert any claim against Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above.

Limited Duties. Under the Note Transaction Documents, the Collateral Agent (i) is acting solely on behalf of the Secured PartiesNoteholders, with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Agent”, the terms “agent”, “Agent” and “collateral agent” and similar terms in any Note Transaction Document to refer to Collateral Agent, which terms are used for title purposes only, (ii) is not assuming any obligation under any Note Transaction Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Purchaser Noteholder or any other Person and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Note Transaction Document, and each Secured PartyNoteholder, by accepting the benefits of the Note Transaction Documents, hereby waives and agrees not to assert any claim against the Collateral Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above.

Limited Duties. Under the Note Documents, the Collateral Agent (i) is acting solely on behalf of the Secured PartiesHolders, with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Collateral Agent”, the terms “agent”, “Agent” and “collateral agent” and similar terms in any Note Document to refer to the Collateral Agent, which terms are used for title purposes only, (ii) is not assuming any obligation under any Note Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Purchaser agent, Holder or any other Person Secured Party and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Note Document, and each Secured Party, by accepting the benefits of the Note Documents, Holder hereby waives and agrees not to assert any claim against the Collateral Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above.

Limited Duties. Under the Note Loan Documents, the Agent (i) is acting solely on behalf of the Secured PartiesLenders, with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Agent”, the terms “agent”, “Agent” and “collateral agent” and similar terms in any Note Loan Document to refer to the Agent, which terms are used for title purposes only, (ii) is not assuming any obligation under any Note Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Purchaser Lender or any other Person and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Note Loan Document, and each Secured Partythe Borrower, by accepting the benefits of the Note Loan Documents, hereby waives and agrees not to assert any claim against the Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above.