Common use of No Advisory or Fiduciary Role Clause in Contracts

No Advisory or Fiduciary Role. The Authority acknowledges and agrees that: (i) the primary role of the Underwriters, is to purchase securities, for resale to investors, in an arm’s-length commercial transaction between the Authority and the Underwriters and that the Underwriters have financial and other interests that differ from those of the Authority; (ii) the Underwriters are not acting as a municipal advisor, financial advisor, or fiduciary to the Authority and have not assumed any advisory or fiduciary responsibility to the Authority with respect to the transaction contemplated hereby and the discussions, undertakings and procedures leading thereto (irrespective of whether the Underwriters have provided other services or are currently providing other services to the Authority on other matters); and (iii) the Authority has consulted its own financial and/or municipal, legal, accounting, tax and other advisors, as applicable, to the extent it deems appropriate. If the Authority would like a municipal advisor in this transaction that has legal fiduciary duties to the Authority, then the Authority is free to engage a municipal advisor to serve in that capacity.

No Advisory or Fiduciary Role. The Authority acknowledges and agrees that: : (i) the primary role of the Underwriters, is to purchase securities, for resale to investors, in an arm’s-length commercial transaction between the Authority and the Underwriters and that the Underwriters have financial and other interests that differ from those of the Authority; (ii) the Underwriters are not acting as a municipal advisor, financial advisor, or fiduciary to the Authority and have not assumed any advisory or fiduciary responsibility to the Authority with respect to the transaction contemplated hereby and the discussions, undertakings and procedures leading thereto (irrespective of whether the Underwriters have provided other services or are currently providing other services to the Authority on other matters); and (iii) the Authority has consulted its own financial and/or municipal, legal, accounting, tax and other advisors, as applicable, to the extent it deems appropriate. If the Authority would like a municipal advisor in this transaction that has legal fiduciary duties to the Authority, then the Authority is free to engage a municipal advisor to serve in that capacity.

No Advisory or Fiduciary Role. The Authority Commission acknowledges and agrees that: : (i) the primary role of the Underwriters, is to purchase securities, for resale to investors, in an arm’s-length commercial transaction between the Authority Commission and the Underwriters and that the Underwriters have financial and other interests that differ from those of the AuthorityCommission; (ii) the Underwriters are not acting as a municipal advisor, financial advisor, or fiduciary to the Authority Commission and have not assumed any advisory or fiduciary responsibility to the Authority Commission with respect to the transaction contemplated hereby and the discussions, undertakings and procedures leading thereto (irrespective of whether the Underwriters have provided other services or are currently providing other services to the Authority Commission on other matters); and (iii) the Authority Commission has consulted its own financial and/or municipal, legal, accounting, tax and other advisors, as applicable, to the extent it deems appropriate. If the Authority Commission would like a municipal advisor in this transaction that has legal fiduciary duties to the AuthorityCommission, then the Authority Commission is free to engage a municipal advisor to serve in that capacity.