No Fiduciary. relationship Except as provided in Clauses 15.3 (Trust) and 15.14 (Distribution of payments), the Agent shall not have any fiduciary relationship with or be deemed to be a trustee of or for any other person and nothing contained in any Finance Document shall constitute a partnership between any two or more Lenders or between the Agent and any other person.
Appears in 8 contracts
Samples: Loan Agreement (DHT Holdings, Inc.), Third Supplemental Agreement (Genco Shipping & Trading LTD), Loan Agreement (Diana Shipping Inc.)
No Fiduciary. relationship Except as provided in Clauses 15.3 (Trust) and 15.14 (Distribution of payments)15.14, the Agent shall not have any fiduciary relationship with or be deemed to be a trustee of or for any other person and nothing contained in any Finance Document shall constitute a partnership between any two or more Lenders or between the Agent and any other person.
Appears in 4 contracts
Samples: Loan Agreement (Teekay Offshore Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
No Fiduciary. relationship Except as provided in Clauses 15.3 (Trust) and 15.14 (Distribution of payments), the Agent and the Sinosure Agent shall not have any fiduciary relationship with or be deemed to be a trustee of or for any other person and nothing contained in any Finance Document shall constitute a partnership between any two or more Lenders or between the Agent and any other person.
Appears in 2 contracts
Samples: Loan Agreement (Baltic Trading LTD), Loan Agreement (Baltic Trading LTD)
No Fiduciary. relationship RELATIONSHIP Except as provided in Clauses 15.3 (Trust) and 15.14 (Distribution of payments)15.14, the Agent shall not have any fiduciary relationship with or be deemed to be a trustee of or for any other person and nothing contained in any Finance Document shall constitute a partnership between any two or more Lenders or between the Agent and any other person.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Teekay Offshore Partners L.P.)
No Fiduciary. relationship Except as provided in Clauses 15.3 (Trust) and 15.14 (Distribution of payments) (in the case of the Agent), the Agent and the K-sure Agent shall not have any fiduciary relationship with or be deemed to be a trustee of or for any other person and nothing contained in any Finance Document shall constitute a partnership between any two or more Lenders or between the Agent and and/or the K-sure Agent any other person.
Appears in 1 contract
Samples: Poseidon Containers Holdings Corp.
