Common use of Limited Duties Clause in Contracts

Limited Duties. Under the Loan Documents, the Agents (i) are acting solely on behalf of the Lenders and the Issuing Banks (except to the limited extent provided in Section 2.15 with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “ Administrative Agent”, “Collateral Agent” or the terms “agent,” “administrative agent” and “collateral agent” and similar terms in any Loan Document to refer to the Administrative Agent or the Collateral Agent, which terms are used for title purposes only, (ii) are not assuming any obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Lender, or any Issuing Bank or any other Secured Party and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each Lender and each Issuing Bank hereby waives and agrees not to assert any claim against any Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above. None of the Persons identified on the facing page of this Agreement as a “syndication agent” or “documentation agent” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than, in the case of such Persons that are also Lenders or Issuing Banks, those obligations applicable to Lenders and Issuing Banks.

Appears in 3 contracts

Samples: Management Services Agreement (Cinedigm Corp.), Credit Agreement (Cinedigm Corp.), Guaranty Agreement (Cinedigm Corp.)

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Limited Duties. Under the Loan Documents, each of the Agents (i) are is acting solely on behalf of the Lenders or the Revolving Lenders and the Issuing Banks L/C Issuers, as applicable (except to the limited extent provided in Section 2.15 subsection 1.4(b) with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “ terms “Administrative Agent”, ” and Collateral Revolver Agent” or the terms “agent,” “administrative agent” and “collateral agent” and similar terms in any Loan Document to refer to the Administrative Agent or the Collateral Revolver Agent, as applicable, which terms are used for title purposes only, (ii) are is not assuming any obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Lender, or any Issuing Bank L/C Issuer or any other Secured Party Person and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each Lender and each Issuing Bank Secured Party by accepting the benefits of the Loan Documents hereby waives and agrees not to assert any claim against any the Administrative Agent or the Revolver Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above. None The Agents undertake to perform such duties and only such duties as are specifically and expressly set forth in this Agreement. The permissive rights of the Persons identified on the facing page of Agents to do things enumerated in this Agreement shall not be construed as a “syndication agent” duty and, with respect to such permissive rights, the Agents shall not be liable other than as a result of their gross negligence or “documentation agent” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than, in the case of such Persons that are also Lenders or Issuing Banks, those obligations applicable to Lenders and Issuing Bankswillful misconduct.

Appears in 3 contracts

Samples: Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.)

Limited Duties. Under the Loan Documents, each Collateral Agent and the Agents Agent (i) are is acting solely on behalf of the Lenders and the Issuing Banks L/C Issuers (except to the limited extent provided in Section 2.15 subsection 1.4(b) with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “ Administrative Agent”, the terms “agent”, “Agent”, “collateral agent”, “Collateral Agent” or the terms “agent,” “administrative agent” and “collateral agent” and similar terms in any Loan Document to refer to the Administrative Agent or the Collateral Agent, which terms are used for title purposes only, (ii) are is not assuming any obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Lender, or any Issuing Bank L/C Issuer or any other Secured Party Person and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each Lender and each Issuing Bank L/C Issuer hereby waives and agrees not to assert any claim against any the Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above. None The title of the Persons identified Documentation Agent is purely administrative in nature. The Documentation Agent named on the facing page cover of this Agreement as a “syndication agent” or “documentation agent” shall have any right, power, obligation, liability, responsibility no duties or duty under this Agreement liabilities hereunder other than, in the case of such Persons that are also Lenders or Issuing Banks, than those obligations duties and liabilities applicable to Lenders and Issuing Banksany Lender.

Appears in 2 contracts

Samples: Credit Agreement (International Textile Group Inc), Credit Agreement (International Textile Group Inc)

Limited Duties. Under the Loan Documents, the Agents Agent (i) are is acting solely on behalf of the Lenders and the Issuing Banks Secured Parties (except to the limited extent provided in Section 2.15 subsection 1.4(b) with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “ Administrative Agent”, “Collateral Agent” or the terms “agent,” ”, administrative agentAgent” and “collateral agent” and similar terms in any Loan Document to refer to the Administrative Agent or the Collateral Agent, which terms are used for title purposes only, (ii) are is not assuming any obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Lender, or any Issuing Bank Lender or any other Secured Party Person, regardless of whether a Default or Event of Default shall have occurred and is continuing, and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan DocumentDocument and shall not be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether Agent has been advised of the likelihood of such loss or damage and regardless of the form of action, and each Lender and each Issuing Bank Secured Party, by accepting the benefits of the Loan Documents, hereby waives and agrees not to assert any claim against any Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above. None of the Persons identified on the facing page of this Agreement as a “syndication agent” or “documentation agent” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than, in the case of such Persons that are also Lenders or Issuing Banks, those obligations applicable to Lenders and Issuing Banks.

Appears in 1 contract

Samples: Possession Credit Agreement (Radioshack Corp)

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Limited Duties. Under the Loan Documents, the Agents Agent (i) are is acting solely on behalf of the Lenders and the Issuing Banks Secured Parties (except to the limited extent provided in Section 2.15 subsection 1.4(b) with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “ Administrative Agent”, “Collateral Agent” or the terms “agent,” ”, administrative agentAgent” and “collateral agent” and similar terms in any Loan Document to refer to the Administrative Agent or the Collateral Agent, which terms are used for title purposes only, (ii) are is not assuming any obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Lender, or any Issuing Bank L/C Issuer or any other Secured Party Person, regardless of whether a Default or Event of Default shall have occurred and is continuing, and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan DocumentDocument and shall not be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether Agent has been advised of the likelihood of such loss or damage and regardless of the form of action, and each Lender and each Issuing Bank Secured Party, by accepting the benefits of the Loan Documents, hereby waives and agrees not to assert any claim against any Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above. None of the Persons identified on the facing page of this Agreement as a “syndication agent” or “documentation agent” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than, in the case of such Persons that are also Lenders or Issuing Banks, those obligations applicable to Lenders and Issuing Banks.

Appears in 1 contract

Samples: Credit Agreement (Radioshack Corp)

Limited Duties. Under the Loan Documents, the Agents Agent (i) are is acting solely on behalf of the Lenders and the Issuing Banks L/C Issuers (except to the limited extent provided in Section 2.15 subsection 1.4(b) with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “ Administrative Agent”, “Collateral Agent” or the terms “agent,” ”, administrative agentAgent” and “collateral agent” and similar terms in any Loan Document to refer to the Administrative Agent or the Collateral Agent, which terms are used for title purposes only, (ii) are is not assuming any obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Lender, or any Issuing Bank L/C Issuer or any other Secured Party Person and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each Lender and each Issuing Bank L/C Issuer hereby waives and agrees not to assert any claim against any the Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) through (iii) above. None The title of the Persons identified Documentation Agent is purely administrative in nature. The Co-Documentation Agents named on the facing page cover of this Agreement as a “syndication agent” or “documentation agent” shall have any right, power, obligation, liability, responsibility no duties or duty under this Agreement liabilities hereunder other than, in the case of such Persons that are also Lenders or Issuing Banks, than those obligations duties and liabilities applicable to Lenders and Issuing Banksany Lender.

Appears in 1 contract

Samples: Credit Agreement (International Textile Group Inc)

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