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Common use of No Partner Clause in Contracts

No Partner. Lender shall not become or be deemed to be a partner or joint venturer with Borrower by reason of any provision of this Note. Nothing herein shall constitute Borrower and Lender as partners or joint venturers or require Lender to participate in or be responsible or liable for any costs, liabilities, expenses or losses of Borrower.

Appears in 6 contracts

Samples: Exchange Agreement (Wytec International Inc), Exchange Agreement (Wytec International Inc), Revolving Line of Credit Note (Wytec International Inc)

No Partner. Lender shall not become or be deemed to be a partner or joint venturer with Borrower by reason of any provision of this NoteFacility. Nothing herein shall constitute Borrower and Lender as partners or joint venturers or require Lender to participate in or be responsible or liable for any costs, liabilities, expenses or losses of Borrower.

Appears in 1 contract

Samples: Unsecured Credit Facility (InterMetro Communications, Inc.)