Common use of Nonliability of the Lenders Clause in Contracts

Nonliability of the Lenders. The relationship between the Borrower and the Lenders shall be solely that of borrower and lender. The Lenders shall not have any fiduciary responsibilities to the Borrower. The Lenders undertake 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 12 contracts

Samples: Unsecured Revolving Credit Agreement (Equity Inns Inc), Credit Agreement (Equity Inns Inc), Unsecured Revolving Credit Agreement (First Industrial Realty Trust Inc)

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Nonliability of the Lenders. The relationship between the Borrower and the Lenders shall be solely that of borrower and lender. The Lenders shall not have any fiduciary responsibilities to the Borrower. The Lenders undertake no responsibility to the Borrower to review or inform the Borrower of any matter in connection with any phase of the Borrower's ’s business or operations.

Appears in 7 contracts

Samples: Unsecured Revolving Credit and Term Loan Agreement (First Industrial Realty Trust Inc), Unsecured Term Loan Agreement (First Industrial Realty Trust Inc), Unsecured Term Loan Agreement (First Industrial Realty Trust Inc)

Nonliability of the Lenders. The relationship between the Borrower --------------------------- and the Lenders shall be solely that of borrower and lender. The Lenders shall not have any fiduciary responsibilities to the Borrower. The Lenders undertake 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: Unsecured Revolving Credit Agreement (Rouse Company), Credit Agreement (Rouse Company)

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Nonliability of the Lenders. The relationship between the Borrower and the Lenders shall be solely that of borrower and lender. The Neither Agent, any of Agent-Related Persons nor the Lenders shall not have any fiduciary responsibilities to the Borrower. The Neither Agent, any Agent- Related Persons nor the Lenders undertake no any responsibility to the Borrower to review or inform the Borrower of any matter in connection with any phase of the Borrower's ’s business or operations.

Appears in 1 contract

Samples: Revolving Credit Agreement (LNR Property Corp)

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