Common use of Pledgor Acknowledgments Clause in Contracts

Pledgor Acknowledgments. The Pledgor hereby acknowledges that (a) the Pledgor has been advised by counsel in the negotiation, execution and delivery of this Agreement, (b) the Secured Party has no fiduciary relationship to the Pledgor, the relationship being solely that of debtor and creditor, and (c) no joint venture exists between the Pledgor and the Secured Party.

Appears in 16 contracts

Samples: Pledge Agreement (Graco Inc), Intercreditor and Collateral Agency Agreement, Pledge Agreement (Graco Inc)

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Pledgor Acknowledgments. The Pledgor hereby acknowledges ----------------------- that (a) the Pledgor has been advised by counsel in the negotiation, execution and delivery of this Agreement, (b) the Lenders, the Agents and the Secured Party has have no fiduciary relationship to the Pledgor, the relationship being solely that of debtor and creditor, and (c) no joint venture exists between the Pledgor Pledgor, the Lenders, the Agents and the Secured Party.

Appears in 3 contracts

Samples: Pledge Agreement (Omega Cabinets LTD), Pledge Agreement (Omega Cabinets LTD), Pledge Agreement (Omega Cabinets LTD)

Pledgor Acknowledgments. The Pledgor hereby acknowledges that (a) the Pledgor has been advised by counsel in the negotiation, execution and delivery of this Agreement, (b) the Secured Party has no fiduciary relationship to the Pledgor, the relationship being solely that of debtor and creditor, and (c) no joint venture exists between the Pledgor and the Secured Party. Section 17.

Appears in 2 contracts

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

Pledgor Acknowledgments. The Pledgor hereby acknowledges that (a) the Pledgor has been advised by counsel in the negotiation, execution and delivery of this Agreement, (b) the Secured Party Bank has no fiduciary relationship to the Pledgor, the relationship being solely that of debtor and creditor, and (c) no joint venture exists between the Pledgor and the Secured PartyBank.

Appears in 2 contracts

Samples: Pledge Agreement (Winmark Corp), Pledge Agreement (Gami Merger Co)

Pledgor Acknowledgments. The Pledgor hereby acknowledges that (a) the Pledgor has been advised by counsel in the negotiation, execution and delivery of this Agreement, (b) neither the Secured Party nor any Bank has no any fiduciary relationship to the Pledgor, the relationship being solely that of debtor and creditor, and (c) no joint venture exists between the Pledgor and Pledgor, any Bank or the Secured Party.

Appears in 1 contract

Samples: Credit Agreement (Dolan Media CO)

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Pledgor Acknowledgments. The Pledgor hereby acknowledges that (a) the Pledgor it has been advised by counsel in the negotiation, execution and delivery of this Agreement, (b) the Secured Party has no fiduciary relationship to the Pledgor, the relationship being solely that of debtor and creditor, and (c) no joint venture exists between the Pledgor and the Secured Party.

Appears in 1 contract

Samples: Pledge Agreement (Universal Electronics Inc)

Pledgor Acknowledgments. The Pledgor hereby acknowledges that (a) the Pledgor has been advised by counsel in the negotiation, execution and delivery of this Agreement, (b) the Secured Party Collateral Agent has no fiduciary relationship to the Pledgor, the relationship being solely that of debtor and creditor, and (c) no joint venture exists between the Pledgor and the Secured PartyCollateral Agent.

Appears in 1 contract

Samples: Pledge Agreement (Winmark Corp)

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