Nonliability of Bank. The relationship between the Borrower and the Bank shall be solely that of borrower and lender. The Bank shall not have any fiduciary responsibilities to the Borrower. The Bank undertakes no 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.
Appears in 3 contracts
Samples: Loan Agreement (Mazel Stores Inc), Asset Based Loan and Security Agreement (Mazel Stores Inc), Loan and Security Agreement (Moto Photo Inc)
Nonliability of Bank. The relationship between the Borrower and the Bank shall be solely that of borrower and lender. The Bank shall not have any fiduciary responsibilities to the Borrower. The Bank undertakes no 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.
Appears in 2 contracts
Samples: Loan and Security Agreement (Take Two Interactive Software Inc), Loan and Security Agreement (Littlefield Adams & Co)
Nonliability of Bank. The relationship between the Borrower and the Bank shall be solely that of borrower and lender. The Bank shall not have any fiduciary responsibilities to the BorrowerBorrowers. The Bank undertakes no responsibility to the Borrower Borrowers to review or inform the Borrower Borrowers of any matter in connection with any phase of the Borrower's Borrowers' business or operations.
Appears in 1 contract
