Common use of Nonliability of Agent and Lenders Clause in Contracts

Nonliability of Agent and Lenders. The relationship between the Borrowers and the Lenders and the Agent shall be solely that of borrower and lender. Neither the Agent, any Lender or any Issuing Bank shall have any fiduciary responsibilities to the Funds Administrator or any Borrower. Neither the Agent, any Lender or any Issuing Bank undertakes any responsibility to the Borrowers to review or inform the Borrowers of any matter in connection with any phase of any Borrowers' business or operations.

Appears in 3 contracts

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

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Nonliability of Agent and Lenders. The relationship between the Borrowers Borrowers, Agent and the Lenders and the Agent shall be solely that of borrower borrowers and lender. Neither the Agent, Agent nor any Lender or any Issuing Bank shall have any fiduciary responsibilities to the Funds Administrator or any BorrowerBorrowers. Neither the Agent, Agent nor any Lender or any Issuing Bank undertakes any responsibility to the Borrowers to review or inform the Borrowers of any matter in connection with any phase of any 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 the Borrowers and the Lenders and or the Agent shall be solely that of borrower and lender. Neither the Agent, Agent nor any Lender or any Issuing Bank shall have any fiduciary responsibilities to the Funds Administrator or any BorrowerCredit Parties. Neither the Agent, Agent nor any Lender or any Issuing Bank undertakes any responsibility to the Borrowers Credit Parties to review or inform the Borrowers Credit Parties of any matter in connection with any phase of any Borrowersthe 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 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, Agent nor any Lender or any Issuing Bank shall have any fiduciary responsibilities to the Funds Administrator or any Borrower. Neither the Agent, Agent nor any Lender or any Issuing Bank undertakes any responsibility to the Borrowers any Borrower to review or inform the Borrowers any Borrower of any matter in connection with any phase of any Borrowers' 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 the Borrowers 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, Agent nor any Lender or any Issuing Bank shall have any fiduciary responsibilities to the Funds Administrator Borrower or any Borrowerother Credit Party. Neither the Agent, Agent nor any Lender or any Issuing Bank undertakes any responsibility to the Borrowers Credit Parties to review or inform the Borrowers Credit Parties of any matter in connection with any phase of any Borrowersthe Credit Parties' business or operations.

Appears in 2 contracts

Samples: Credit Agreement (Sterile Recoveries Inc), Syndication Amendment and Assignment (Sterile Recoveries Inc)

Nonliability of Agent and Lenders. The relationship between the Borrowers Borrower and the Lenders and the Agent shall be solely that of borrower and lender. Neither the Agent, any Lender or any Issuing Bank Lender shall have any fiduciary responsibilities to the Funds Administrator or any Borrower. Neither the Agent, any Lender or any Issuing Bank Lender undertakes any responsibility to the Borrowers Borrower to review or inform the Borrowers Borrower of any matter in connection with any phase of any Borrowers' Borrower's business or operations.

Appears in 2 contracts

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

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

Appears in 1 contract

Samples: Credit Agreement (Safety 1st Inc)

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

Appears in 1 contract

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

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Credit Agreement (Allied Capital Corp)

Nonliability of Agent and Lenders. The relationship between the Borrowers and the Lenders and the Agent Agents shall be solely that of borrower and lender. Neither the AgentAgents, any Lender or any Issuing Bank shall have any fiduciary responsibilities to the either Funds Administrator or any Borrower. Neither the AgentAgents, any Lender or any Issuing Bank undertakes any responsibility to the Borrowers to review or inform the Borrowers of any matter in connection with any phase of any Borrowers' business or operations.

Appears in 1 contract

Samples: Credit Agreement (Grant Prideco Inc)

Nonliability of Agent and Lenders. The relationship between the Borrowers and the Lenders and the Agent shall be solely that of borrower and lender. Neither the Agent, any Lender or any Issuing Bank shall have any fiduciary responsibilities to the Funds Administrator or any Borrower. Neither the Agent, any Lender or any Issuing Bank undertakes any responsibility to the Borrowers to review or inform the Borrowers of any matter in connection with any phase of any Borrowers' business or operations.

Appears in 1 contract

Samples: Credit Agreement (Wellman Inc)

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