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.
Appears in 3 contracts
Samples: Credit Agreement (Wolverine Tube Inc), Credit Agreement (Nacco Industries Inc), Credit Agreement (Cott Corp /Cn/)
Nonliability of Agents and Lenders. The relationship between any Borrower on the one hand and the Lenders and the Agents Agent on the other hand shall be solely that of borrower and lender. Neither the Agents Agent nor any Lender shall have any fiduciary responsibilities to any Borrower. Neither the Agents 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 2 contracts
Samples: Credit Agreement (Wolverine Tube Inc), Pledge Agreement (Wolverine Tube Inc)
Nonliability of Agents and Lenders. The relationship between any among each Borrower on the one hand and the Lenders and the Agents on the other hand each Lender shall be solely that of borrower and lender. Neither the Agents nor any Lender shall have any fiduciary responsibilities to any Borrowerthe Borrowers. Neither the Agents 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 2 contracts
Samples: Loan and Security Agreement (Grant Prideco Inc), Loan and Security Agreement (Grant Prideco Inc)
Nonliability of Agents and Lenders. The relationship between any Borrower on the one hand Borrower, Agent and the Lenders and the Agents on the other hand shall be solely that of borrower and lender. Neither the Agents Agent nor any Lender shall have any fiduciary responsibilities to any Borrower. Neither the Agents 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 (Cobra Electronics Corp)
