Common use of No Participation Clause in Contracts

No Participation. Nothing in the Loan Documents, and no action or inaction whatsoever on the part of Lender undertaken in connection with the Loans, shall be deemed to make Lender a partner or joint venturer with Borrowers, and Borrowers indemnify and hold Lender harmless from and against any and all claims, losses, causes of action, expenses (including attorneys’ fees) and damages arising from the relationship between Lender and Borrowers being construed as or related to be anything other than that of lender and borrower. This provision shall survive the termination of all Loan Documents.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (Pernix Therapeutics Holdings, Inc.), Loan Agreement (RTI Biologics, Inc.)

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No Participation. Nothing in the Loan Documents, and no action or inaction whatsoever on the part of Lender undertaken in connection with through the LoansClosing Date, shall be deemed to make Lender a partner or joint venturer with Borrowers, and Borrowers agree to indemnify and hold Lender harmless from and against any and all claims, losses, causes of action, expenses (including attorneys' fees) and damages arising from the relationship between Lender and Borrowers being construed as or related determined to be anything other than that of lender and borrower. This provision shall survive the termination of all Loan Documents.

Appears in 1 contract

Samples: Consolidating Loan Agreement (Smithfield Foods Inc)

No Participation. Nothing in the Loan Documents, and no action or inaction whatsoever on the part of Lender undertaken in connection with the LoansLoan, shall be deemed to make Lender a partner or joint venturer with BorrowersBorrower, and Borrowers indemnify Borrower indemnifies and hold holds Lender harmless from and against any and all claims, losses, causes of action, expenses (including attorneys’ fees) and damages arising from the relationship between Lender and Borrowers Borrower being construed as or related to be anything other than that of lender and borrower. This provision shall survive the termination of all Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Span America Medical Systems Inc)

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No Participation. Nothing in the Loan Documents, and no action or inaction whatsoever on the part of Lender undertaken in connection with through the LoansClosing Date, shall be deemed to make Lender a partner or joint venturer with BorrowersBorrower, and Borrowers indemnify Borrower indemnifies and hold holds Lender harmless from and against any and all claims, losses, causes of action, expenses (including attorneys’ fees) and damages arising from the relationship between Lender and Borrowers Borrower being construed as or related to be anything other than that of lender creditor and borrowerdebtor. This provision shall survive the termination of all Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Alico Inc)

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