Common use of Nonliability of Banks Clause in Contracts

Nonliability of Banks. The relationship between the Borrowers and the Banks and the Administrative Agent with respect to this Agreement shall be solely that of borrower and lender. Neither the Administrative Agent nor any Bank shall have any fiduciary responsibilities to the Borrowers with respect to this Agreement. Neither the Administrative Agent nor any Bank undertakes under this Agreement any responsibility to the Borrowers to review or inform the Borrowers of any matter in connection with any phase of the Borrowers’ business or operations.

Appears in 3 contracts

Samples: Credit Agreement (NIKE, Inc.), Credit Agreement (NIKE, Inc.), Credit Agreement (NIKE, Inc.)

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Nonliability of Banks. The relationship between the Borrowers Borrower and the Banks and the Administrative Agent with respect to this Agreement shall be solely that of borrower and lender. Neither the Administrative Agent nor any Bank shall have any fiduciary responsibilities to the Borrowers Borrower with respect to this Agreement. Neither the Administrative Agent nor any Bank undertakes under this Agreement any responsibility to the Borrowers Borrower to review or inform the Borrowers Borrower of any matter in connection with any phase of the Borrowers’ Borrower’s business or operations.

Appears in 2 contracts

Samples: Credit Agreement (Nike Inc), Credit Agreement (Nike Inc)

Nonliability of Banks. The relationship between the Borrowers Borrower and the Banks and the Administrative Agent with respect to this Agreement shall be solely that of borrower and lenderlenders. Neither the Administrative Agent nor any Bank shall have any fiduciary responsibilities to the Borrowers Borrower under or in connection with respect to this Agreementthe Credit Documents. Neither the Administrative Agent nor any Bank undertakes under this Agreement any responsibility to the Borrowers Borrower to review or inform the Borrowers Borrower of any matter in connection with any phase of the Borrowers’ Borrower's business or operations.

Appears in 1 contract

Samples: Secured Credit Agreement (Sealy Corp)

Nonliability of Banks. The relationship between the Borrowers Borrower and the Banks and the Administrative Agent with respect to this Agreement shall be solely that of borrower and lender. Neither the Administrative Agent nor any Bank shall have any fiduciary responsibilities to the Borrowers Borrower with respect to this Agreement. Neither the Administrative Agent nor any Bank undertakes under this Agreement any responsibility to the Borrowers Borrower to review or inform the Borrowers Borrower of any matter in connection with any phase of the Borrowers’ Borrower's business or operations.

Appears in 1 contract

Samples: Credit Agreement (Nike Inc)

Nonliability of Banks. The relationship between the Borrowers and Company, the Banks Banks, the Co-Agents and the Administrative Agent with respect to this Agreement shall be solely that of borrower and lender. Neither the Administrative Agent nor any Bank shall have any fiduciary responsibilities to the Borrowers with respect to this AgreementCompany. Neither the Administrative Agent nor any Co-Agent or Bank undertakes under this Agreement any responsibility to the Borrowers Company to review or inform the Borrowers Company of any matter in connection with any phase of the Borrowers’ Company's business or operations.

Appears in 1 contract

Samples: Credit Agreement (Brown Forman Corp)

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Nonliability of Banks. The relationship between the Borrowers Borrower and _____________________ the Banks and the Administrative Agent with respect to this Agreement shall be solely that of borrower and lender. Neither the Administrative Agent nor any Bank shall have any fiduciary responsibilities to the Borrowers Borrower with respect to this Agreement. Neither the Administrative Agent nor any Bank undertakes under this Agreement any responsibility to the Borrowers Borrower to review or inform the Borrowers Borrower of any matter in connection with any phase of the Borrowers’ Borrower's business or operations.

Appears in 1 contract

Samples: Credit Agreement (Nike Inc)

Nonliability of Banks. The relationship between the Borrowers _____________________ Borrower and the Banks and the Administrative Agent with respect to this Agreement shall be solely that of borrower and lender. Neither the Administrative Agent nor any Bank shall have any fiduciary responsibilities to the Borrowers Borrower with respect to this Agreement. Neither the Administrative Agent nor any Bank undertakes under this Agreement any responsibility to the Borrowers Borrower to review or inform the Borrowers Borrower of any matter in connection with any phase of the Borrowers’ Borrower's business or operations.

Appears in 1 contract

Samples: Credit Agreement (Nike Inc)

Nonliability of Banks. The relationship between the Borrowers Borrower and the Banks and the Administrative Agent with respect to this Agreement shall be solely that of borrower and lender. Neither the Administrative Agent nor any Bank shall have any fiduciary responsibilities to the Borrowers with respect to this Agreement. Neither the Administrative Agent nor any the Bank undertakes under this Agreement any responsibility to the Borrowers Borrower to review or inform the Borrowers of any matter in connection with any phase of the Borrowers’ Borrower’s business or operations.

Appears in 1 contract

Samples: Credit Agreement (NIKE, Inc.)

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