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 11 contracts

Samples: Unsecured Revolving Credit Agreement (Equity Inns Inc), Credit Agreement (First Industrial Realty Trust Inc), 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 (First Industrial Realty Trust Inc), Unsecured Term Loan Agreement (First Industrial Realty Trust Inc), Credit 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 Neither the Administrative Agent nor the Lenders shall not have any fiduciary responsibilities to the Borrower. The Neither the Administrative Agent nor 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: Assignment Agreement (Great Lakes Reit Inc), Assignment Agreement (Great Lakes Reit 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 business or operations.

Appears in 2 contracts

Samples: Credit Agreement (Rouse Company), Revolving Credit Agreement (Rouse Company)

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