Common use of Nonliability of Bank Clause in Contracts

Nonliability of Bank. The relationship between the Borrower, on the -------------------- one hand, and the Bank, on the other, shall be solely that of borrower and lender. The Bank shall have no fiduciary responsibilities to the Borrower. The Bank does not undertake 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: Credit Agreement (Windsor Park Properties 5), Credit Agreement (Windsor Park Properties 7)

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Nonliability of Bank. The relationship between the Borrower, on the -------------------- one hand, Borrower and the Bank, on the other, Bank shall be solely that of borrower and lender. The Bank shall not have no any fiduciary responsibilities to the Borrower. The Bank does not undertake 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.. 110 22

Appears in 1 contract

Samples: Asset Based (Cable Link Inc)

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Nonliability of Bank. The relationship between the Borrower, on Borrower and -------------------- the -------------------- one hand, and the Bank, on the other, Bank shall be solely that of borrower and lender. The Bank shall not have no any fiduciary responsibilities to the Borrower. The Bank does not undertake 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 1 contract

Samples: Asset Based Loan and Security Agreement (Techdyne Inc)

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