Common use of Nonliability of Lender Clause in Contracts

Nonliability of Lender. The relationship between the Borrower and the Lender shall be solely that of borrower and lender. The Lender shall have no fiduciary responsibilities to the Borrower. The Lender 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 (Unisphere Networks Inc), Merger Agreement (Unisphere Networks Inc)

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Nonliability of Lender. The relationship between the Borrower and the Lender shall be solely that of borrower and lender. The Lender shall not have no any fiduciary responsibilities to the Borrower. The Lender 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 Agreement (Ormat Technologies, Inc.), Loan Agreement (Shared Technologies Cellular Inc)

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

Appears in 1 contract

Samples: Term Loan Agreement (Developers Diversified Realty Corp)

Nonliability of Lender. The relationship between the Borrower and the Lender shall be solely that of borrower and lender. The Lender shall not have no any fiduciary responsibilities to the Borrower. The Lender undertakes no does not undertake 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.

Appears in 1 contract

Samples: Loan Agreement (Tarpon Industries, Inc.)

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Nonliability of Lender. The relationship between among each of the Borrower Borrower, and the Lender shall be solely that of borrower Borrower and lenderLender. The Lender shall not have no any fiduciary responsibilities to the Borrower. The Lender undertakes no does not undertake 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.

Appears in 1 contract

Samples: Loan and Security Agreement (SLM Holdings, Inc.)

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