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: Secured Loan Agreement (DHT Holdings, Inc.), Third Supplemental Agreement to Secured Loan Facility Agreement (Genco Shipping & Trading LTD), Secured 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: Secured Credit Facility (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: Secured Loan Agreement (Baltic Trading LTD), Secured 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: Secured Loan Agreement (Poseidon Containers Holdings Corp.)
