Common use of No Implied Duties Clause in Contracts

No Implied Duties. (a) BTC shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement and in the applicable Securities Lending Agreement, and no covenant or obligation shall be implied against BTC in connection with this Agreement. (b) Neither the Company nor any Fund shall have any duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement, and no covenant or obligation shall be implied against the Company or any Fund in connection with this Agreement. (c) Nothing in this Agreement shall be understood to imply that in performing the functions described herein, BTC is acting in the capacity of an investment adviser or is providing advice as to the value of securities or as to the advisability of investing in, purchasing, or selling securities.

Appears in 19 contracts

Samples: Securities Lending Agency Agreement, Securities Lending Agency Agreement (iShares U.S. ETF Trust), Securities Lending Agency Agreement (iSHARES TRUST)

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No Implied Duties. (a) BTC shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement and in the applicable Securities Lending Agreement, and no covenant or obligation shall be implied against BTC in connection with this Agreement. (b) Neither the Company nor any Fund shall have any duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement, and no covenant or obligation shall be implied against the Company or any Fund in connection with this Agreement. (c) Nothing in this Agreement shall be understood to imply that in performing the functions described herein, BTC is acting in the capacity of an investment adviser or is providing advice as to the value of securities Securities or as to the advisability of investing in, purchasing, or selling securitiesSecurities.

Appears in 12 contracts

Samples: Securities Lending Agency Agreement (iShares U.S. ETF Trust), Securities Lending Agency Agreement (iShares, Inc.), Securities Lending Agency Agreement (iSHARES TRUST)

No Implied Duties. (a) BTC shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement and in the applicable Securities Lending Agreement, and no covenant or obligation shall be implied against BTC in connection with this Agreement. (b) Neither the Company Client nor any Fund of its Funds shall have any duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement, and no covenant or obligation shall be implied against the Company Client or any Fund of its Funds in connection with this Agreement. (c) Nothing in this Agreement shall be understood to imply that in performing the functions described herein, BTC is acting in the capacity of an investment adviser or is providing advice as to the value of securities Securities or as to the advisability of investing in, purchasing, or selling securitiesSecurities.

Appears in 6 contracts

Samples: Securities Lending Agency Agreement (BlackRock ETF Trust), Securities Lending Agency Agreement (BlackRock Funds III), Securities Lending Agency Agreement (Blackrock Funds)

No Implied Duties. (a) BTC shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement and in the applicable Securities Lending Agreement, and no covenant or obligation shall be implied against BTC in connection with this Agreement. (b) Neither the Company Trust nor any Fund shall have any duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement, and no covenant or obligation shall be implied against the Company Trust or any Fund in connection with this Agreement. (c) Nothing in this Agreement shall be understood to imply that in performing the functions described herein, BTC is acting in the capacity of an investment adviser or is providing advice as to the value of securities or as to the advisability of investing in, purchasing, or selling securities.

Appears in 2 contracts

Samples: Securities Lending Agency Agreement (Master Investment Portfolio), Securities Lending Agency Agreement (Master Investment Portfolio)

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No Implied Duties. (a) BTC shall have no duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement and in the applicable Securities Lending Agreement, and no covenant or obligation shall be implied against BTC in connection with this Agreement. (b) Neither the Company Client nor any Fund of its Funds shall have any duties or responsibilities whatsoever except such duties and responsibilities as are specifically set forth in this Agreement, and no covenant or obligation shall be implied against the Company Client or any Fund of its Funds in connection with this Agreement. (c) Nothing in this Agreement shall be understood to imply that in performing the functions described herein, BTC is acting in the capacity of an investment adviser or is providing advice as to the value of securities or as to the advisability of investing in, purchasing, or selling securities.

Appears in 1 contract

Samples: Securities Lending Agency Agreement (Blackrock Funds)

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