Nonliability of Agents and Lenders Sample Clauses

Nonliability of Agents and Lenders. The relationship between any Borrower on the one hand and the Lenders and the Agents on the other hand shall be solely that of borrower and lender. Neither the Agents nor any Lender shall have any fiduciary responsibilities to any Borrower. Neither the Agents 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.
AutoNDA by SimpleDocs
Nonliability of Agents and Lenders. The relationship between Borrower, Administrative Agent and Lenders shall be solely that of borrower and lender. Neither Administrative Agent nor any Lender shall have any fiduciary responsibilities to Borrower. Neither Administrative Agent nor any Lender undertakes any responsibility to Borrower to review or inform Borrower of any matter in connection with any phase of Borrower’s business or operations.
Nonliability of Agents and Lenders. The relationship between the Company and the Lenders shall be solely that of borrower and lender. Neither the Administrative Agent, the Collateral Agent nor any Lender shall have any fiduciary responsibilities to the Company. Neither the Administrative Agent, the Collateral Agent nor any Lender undertakes any responsibility to the Company to review or inform the Company of any matter in connection with any phase of the Company’s business or operations. The Company agrees that neither the Administrative Agent, the Collateral Agent nor any Lender shall have liability to the Company (whether sounding in tort, contract or otherwise) for losses suffered by the Company in connection with, arising out of, or in any way related to, the transactions contemplated and the relationship established by the Loan Documents, or any act, omission or event occurring in connection therewith, except to the extent it is determined by a court of competent jurisdiction in a final and non-appealable order that such losses resulted from the gross negligence or willful misconduct of, or material breach of any of the Loan Documents by, the party from which recovery is sought. Neither the Administrative Agent, the Collateral Agent nor any Lender shall have any liability with respect to, and the Company hereby waives, releases and agrees not to sue for, any special, punitive, indirect or consequential damages suffered by the Company in connection with, arising out of, or in any way related to the Loan Documents, the Transactions or the other transactions contemplated thereby.
Nonliability of Agents and Lenders. 102 14.23 Independent Nature of Lenders' Rights......................... 102 14.24
Nonliability of Agents and Lenders. The relationship between Holdings, the Borrower and the Borrower's Subsidiaries, on the one hand, and the Lenders and the Agents and the Collateral Agent, on the other hand, shall be solely that of debtors and creditors. None of any Agent, the Collateral Agent or any Lender shall have any fiduciary responsibilities to Holdings, the Borrower, or any of the Borrower's Subsidiaries. None of the Agents, the Collateral Agent or any Lender undertakes any responsibility to Holdings, the Borrower or any of the Borrower's Subsidiaries to review or inform Holdings, the Borrower or any of the Borrower's Subsidiaries of any matter in connection with any phase of the business or operations of Holdings, the Borrower or any of the Borrower's Subsidiaries.
Nonliability of Agents and Lenders. The relationship between the Borrower, on the one hand, and the Lenders and the Agents, on the other, shall be solely that of borrower and lender. No Agent nor any Lender shall have any fiduciary responsibilities to the Borrower 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 any Agent or any Lender to any Lender, the Borrower or any Subsidiary. No Agent nor any Lender 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 Agents and Lenders. 109 10.9...... Confidentiality................................................................................................................................................................. 109 10.10..... Nonreliance..................................................................................................................................................................... 110
AutoNDA by SimpleDocs
Nonliability of Agents and Lenders. The relationship between Holdings, the Borrower and their respective Subsidiaries, on the one hand, and the Lenders and the Agents, on the other hand, shall be solely that of debtors and creditors. None of the Agents or any Lender shall have any fiduciary responsibilities to Holdings, the Borrower, or any of their respective Subsidiaries. None of the Agents or any Lender undertakes any responsibility to Holdings, the Borrower, or any of their respective Subsidiaries to review or inform Holdings, the Borrower, or any of their respective Subsidiaries of any matter in connection with any phase of the business or operations of Holdings, the Borrower, or any of their respective Subsidiaries.
Nonliability of Agents and Lenders. The relationship between the Borrower, on the one hand, and the Lenders, the Issuing Banks and the Agents, on the other hand, shall be solely that of borrower and lender. None of the Agents, any Issuing Bank or any Lender shall have any fiduciary responsibilities to the Borrower 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 any Agent, any Issuing Bank or any Lender to any Lender, the Borrower, any Subsidiary or any other Loan Party. None of the Agents, any Issuing Bank or any Lender 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 Agents and Lenders. The relationship between the Borrower on the one hand and the Banks, the Administrative Agent and the Documentation Agents on the other hand shall be solely that of borrower and lender. Neither the Administrative Agent, the Syndication Agents, the Documentation Agents nor any Bank shall have any fiduciary duty to the Borrower. Neither the Administrative Agent, the Syndication Agents, the Documentation Agents nor any Bank 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. The Borrower agrees that neither the Administrative Agent, the Syndication Agents, the Documentation Agents nor any Bank shall have liability to the Borrower (whether sounding in tort, contract or otherwise) for losses suffered by the Borrower in connection with, arising out of, or in any way related to the transactions contemplated and the relationship established by the Credit Documents, or any act,. omission or event occurring in connection therewith, unless it is determined in a final non-appealable judgment by a court of competent jurisdiction that such losses resulted from the gross negligence or willful misconduct of the party from which recovery is sought. Neither the Administrative Agent, the Syndication Agents, the Documentation Agents, any Bank nor any of their respective Subsidiaries, Affiliates, officers or directors shall have any liability with respect to, and the Borrower hereby waives, releases and agrees not to sue for, any special, indirect, consequential or punitive damages in xxxnection with, arising out of, or in any way related to any of the Credit Documents or the transactions contemplated thereby.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!