Common use of Nonliability of Agent and Lenders Clause in Contracts

Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand and the Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any Borrower. Neither the Agent nor any Lender undertakes any responsibility to any Borrower to review or inform such Borrower of any matter in connection with any phase of such Borrower's business or operations.

Appears in 7 contracts

Samples: Credit Agreement (MST Enterprises Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Fresh Foods Inc)

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Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand Borrower, Agent and the Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any Borrower. Neither the Agent nor any Lender undertakes any responsibility to any Borrower to review or inform such Borrower of any matter in connection with any phase of such Borrower's ’s business or operations.

Appears in 3 contracts

Samples: Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Perry-Judds Inc), Loan and Security Agreement (Apac Customer Service Inc)

Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand Borrowers and the Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor Agent, any Lender or any Issuing Bank shall have any fiduciary responsibilities to the Funds Administrator or any Borrower. Neither the Agent nor Agent, any Lender or any Issuing Bank undertakes any responsibility to any Borrower the Borrowers to review or inform such Borrower the Borrowers of any matter in connection with any phase of such Borrower's any Borrowers' business or operations.

Appears in 3 contracts

Samples: Credit Agreement (Wellman Inc), Credit Agreement (Wellman Inc), Credit Agreement (Hines Horticulture Inc)

Nonliability of Agent and Lenders. The relationship between any Borrower the Borrowers on the one hand and the Lenders and the Agent on the other hand shall be solely that of borrower borrowers and lenderlenders. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any Borrower. Neither the Agent nor any Lender undertakes any responsibility to any Borrower to review or inform such any Borrower of any matter in connection with any phase of such any Borrower's business or operations.

Appears in 2 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand Borrowers and the Lenders and or the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any Borrowerthe Credit Parties. Neither the Agent nor any Lender undertakes any responsibility to any Borrower the Credit Parties to review or inform such Borrower the Credit Parties of any matter in connection with any phase of such Borrower's the Credit Parties' business or operations.

Appears in 2 contracts

Samples: Credit Agreement (Spinnaker Industries Inc), Credit Agreement (Spinnaker Industries Inc)

Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand Borrowers, Agent and the Lenders and the Agent on the other hand shall be solely that of borrower borrowers and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any BorrowerBorrowers. Neither the Agent nor any Lender undertakes any responsibility to any Borrower Borrowers to review or inform such Borrower Borrowers of any matter in connection with any phase of such Borrower's Borrowers’ business or operations.

Appears in 2 contracts

Samples: Loan and Security Agreement (Amcon Distributing Co), Loan and Security Agreement (Amcon Distributing Co)

Nonliability of Agent and Lenders. The relationship between any the Borrower on the one hand and the Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to the Borrower or any Borrowerother Credit Party. Neither the Agent nor any Lender undertakes any responsibility to any Borrower the Credit Parties to review or inform such Borrower the Credit Parties of any matter in connection with any phase of such Borrower's the Credit Parties' business or operations.

Appears in 2 contracts

Samples: Credit Agreement (Sterile Recoveries Inc), Credit Agreement (Sterile Recoveries Inc)

Nonliability of Agent and Lenders. The relationship between any the Borrower on the one hand and the Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any the Borrower. Neither the Agent nor any Lender undertakes undertake any responsibility to any the Borrower to review or inform such the Borrower of any matter in connection with any phase of such the Borrower's business or operations.

Appears in 2 contracts

Samples: Credit Agreement (Todhunter International Inc), Credit Agreement (Todhunter International Inc)

Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand and the Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor Agent, any Lender or any Issuing Lender shall have any fiduciary responsibilities to any Borrower. Neither the Agent nor Agent, any Lender or any Issuing Lender undertakes any responsibility to any Borrower to review or inform such Borrower of any matter in connection with any phase of such Borrower's business or operations.

Appears in 2 contracts

Samples: Credit Agreement (Weider Nutrition International Inc), Credit Agreement (Loehmanns Holdings Inc)

Nonliability of Agent and Lenders. The relationship between any the Borrower on the one hand and the Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any the Borrower. Neither the Agent nor any Lender undertakes any responsibility to any the Borrower to review or inform such the Borrower of any matter in connection with any phase of such the Borrower's business or operations.. 125

Appears in 1 contract

Samples: Credit Agreement (National Equipment Services Inc)

Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand Borrowers, Agent and the Lenders and the Agent on the other hand shall be solely that of borrower borrowers and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any BorrowerBorrowers. Neither the Agent nor any Lender undertakes any responsibility to any Borrower Borrowers to review or inform such Borrower Borrowers of any matter in connection with any phase of such Borrower's Borrowers' business or operations.

Appears in 1 contract

Samples: Loan and Security Agreement (Amcon Distributing Co)

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Nonliability of Agent and Lenders. The relationship between any Borrower Borrower, on the one hand hand, and the Lenders and the Agent on the other hand other, shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any Borrower. Neither the Agent nor any Lender undertakes any responsibility to any Borrower to review or inform such Borrower of any matter in connection with any phase of such Borrower's business or operations.

Appears in 1 contract

Samples: Loan and Security Agreement (Amcon Distributing Co)

Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand Borrowers and the Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any BorrowerBorrowers. Neither the Agent nor any Lender undertakes any responsibility to any Borrower Borrowers to review or inform such Borrower Borrowers of any matter in connection with any phase of such either Borrower's business or operations.

Appears in 1 contract

Samples: Loan and Security Agreement (Smith C D Drug Co)

Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand Borrowers and the Lenders and the Agent on the other hand Agents shall be solely that of borrower and lender. Neither the Agent nor Agents, any Lender or any Issuing Bank shall have any fiduciary responsibilities to the either Funds Administrator or any Borrower. Neither the Agent nor Agents, any Lender or any Issuing Bank undertakes any responsibility to any Borrower the Borrowers to review or inform such Borrower the Borrowers of any matter in connection with any phase of such Borrower's any Borrowers' business or operations.

Appears in 1 contract

Samples: Credit Agreement (Grant Prideco Inc)

Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand and the Borrowers, Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any BorrowerLoan Parties. Neither the Agent nor any Lender undertakes any responsibility to any Borrower Loan Parties to review or inform such Borrower Loan Parties of any matter matters in connection with any phase of such Borrower's Loan Parties' business or operations.

Appears in 1 contract

Samples: Loan and Security Agreement (Poindexter J B & Co Inc)

Nonliability of Agent and Lenders. The relationship between any Borrower Borrower, on the one hand hand, and the Agent and Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any Borrower. Neither the Agent nor any Lender undertakes any responsibility to any Borrower to review or inform such Borrower of any matter in connection with any phase of such Borrower's ’s business or operations.

Appears in 1 contract

Samples: Loan and Security Agreement (Apac Customer Service Inc)

Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand Borrowers and the Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any Borrowerthe Borrowers. Neither the Agent nor any Lender undertakes any responsibility to any Borrower the Borrowers to review or inform such Borrower the Borrowers of any matter in connection with any phase of such Borrower's the Borrowers' business or operations.

Appears in 1 contract

Samples: Credit Agreement (Safety 1st Inc)

Nonliability of Agent and Lenders. The relationship between any Borrower on the one hand Borrowers and the Lenders and the Agent on the other hand shall be solely that of borrower and lender. Neither the Agent nor any Lender shall have any fiduciary responsibilities to any BorrowerBorrowers. Neither the Agent nor any Lender undertakes any responsibility to any Borrower Borrowers to review or inform such Borrower Borrowers of any matter in connection with any phase of such any Borrower's business or operations.

Appears in 1 contract

Samples: And Consolidated Loan and Security Agreement (Empire of Carolina Inc)

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