Common use of Nonliability of Administrative Agent and Lenders Clause in Contracts

Nonliability of Administrative Agent and Lenders. The relationship between the Borrower, on the one hand, and the Lenders and the Administrative Agent, on the other hand, shall be solely that of borrower and lender. The Administrative Agent, each Lender and their Affiliates (collectively, the “Lender Parties”) may have economic interests that conflict with those of the Loan Parties, their stockholders and partners and/or their Affiliates. No Lender Party shall have any fiduciary responsibilities to the Borrower or any other Loan Party and no provision in this Agreement or in any of the other Loan Documents, and no course of dealing between or among any of the parties hereto, shall be deemed to create any fiduciary duty owing by the Administrative Agent or any Lender Party to any Lender, the Borrower, any Subsidiary or any other Loan Party. No Lender Party undertakes any responsibility to the Borrower to review or inform the Borrower of any matter in connection with any phase of the Borrower’s business or operations.

Nonliability of Administrative Agent and Lenders. The relationship between the BorrowerBorrowers, on the one hand, and the Lenders and the Administrative Agent, on the other hand, shall be solely that of borrower and lender. The Administrative Agent, each Lender and their Affiliates (collectively, the “Lender Parties”) may have economic interests that conflict with those of the Loan Parties, their stockholders and partners and/or their Affiliates. No Lender Party shall have any fiduciary responsibilities to the any Borrower or any other Loan Party and no provision in this Agreement or in any of the other Loan Documents, and no course of dealing between or among any of the parties hereto, shall be deemed to create any fiduciary duty owing by the Administrative Agent or any Lender Party to any Lender, the any Borrower, any Subsidiary or any other Loan Party. No Lender Party undertakes any responsibility to the any Borrower to review or inform the such Borrower of any matter in connection with any phase of the such Borrower’s business or operations.

Nonliability of Administrative Agent and Lenders. The relationship between the Borrower, on the one hand, and the Lenders Lender Parties and the Administrative Agent, on the other hand, shall be solely that of borrower and lender. The Neither the Administrative Agent, each Lender and their Affiliates (collectively, the “Lender Parties”) may have economic interests that conflict with those of the Loan Parties, their stockholders and partners and/or their Affiliates. No Agent nor any Lender Party shall have any fiduciary responsibilities to the Borrower or any other Loan Party and no provision in this Credit Agreement or in any of the other Loan Credit Documents, and no course of dealing between or among any of the parties hereto, shall be deemed to create any fiduciary duty owing by the Administrative Agent or any other Lender Party to any Lenderother Lender Party, the BorrowerParents, any Subsidiary the Borrower or any other Loan PartySubsidiary. No Neither the Administrative Agent nor any Lender Party undertakes any responsibility to the Borrower or any other Credit Party to review or inform the Borrower or any other Credit Party of any matter in connection with any phase of the Borrower’s 's business or operations.