Common use of Securities Intermediary and its Affiliates Clause in Contracts

Securities Intermediary and its Affiliates. U.S. Bank National Association and any of its Affiliates providing services in connection with the transactions contemplated in the Facility Documents shall have only the duties and responsibilities expressly provided in its various capacities and shall not, by virtue of it or any Affiliate acting in any other capacity be deemed to have duties or responsibilities other than as expressly provided with respect to each such capacity. U.S. Bank National Association (or its Affiliates), in its various capacities in connection with the transactions contemplated in the Facility Documents, including as Securities Intermediary, may enter into business transactions, including the acquisition of investment securities as contemplated by the Facility Documents, from which it and/or such Affiliates may derive revenues and profits in addition to the fees stated in the various Facility Documents without any duty to account therefor.

Appears in 2 contracts

Samples: Account Control Agreement (CION Investment Corp), Account Control Agreement (Business Development Corp of America)

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Securities Intermediary and its Affiliates. U.S. Bank National Association and any of its Affiliates providing services in connection with the transactions contemplated in the Facility Loan Documents shall have only the rights, duties and responsibilities expressly provided in its various capacities and shall not, by virtue of it or any Affiliate acting in any other capacity be deemed to have rights, duties or responsibilities other than as expressly provided with respect to each such capacity. U.S. Bank National Association (or its Affiliates), in its various capacities in connection with the transactions contemplated in the Facility Loan Documents, including as Securities Intermediary, may enter into business transactions, including the acquisition of investment securities as contemplated by the Facility Loan Documents, from which it and/or such Affiliates may derive revenues and profits in addition to the fees stated in the various Facility Documents Loan Documents, without any duty to account therefor.

Appears in 1 contract

Samples: Account Control Agreement (AB Private Credit Investors Corp)

Securities Intermediary and its Affiliates. U.S. Bank National Association and any of its Affiliates providing services in connection with the transactions contemplated in the Facility Transaction Documents shall have only the duties and responsibilities expressly provided in its various capacities and shall not, by virtue of it or any Affiliate acting in any other capacity be deemed to have duties or responsibilities other than as expressly provided with respect to each such capacity. U.S. Bank National Association (or its Affiliates), in its various capacities in connection with the transactions contemplated in the Facility Transaction Documents, including as Securities Intermediary, may enter into business transactions, including the acquisition of investment securities as contemplated by the Facility Transaction Documents, from which it and/or such Affiliates may derive revenues and profits in addition to the fees stated in the various Facility Documents Transaction Documents, without any duty to account therefor.

Appears in 1 contract

Samples: Securities Account Control Agreement (AB Private Credit Investors Corp)

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Securities Intermediary and its Affiliates. U.S. Bank National Association and any of its Affiliates providing services in connection with the transactions contemplated in the Facility Loan Documents shall have only the rights, duties and responsibilities expressly provided in its various capacities and shall not, by virtue of it or any Affiliate acting in any other capacity be deemed to have rights, duties or responsibilities other than as expressly provided with respect to each such capacity. U.S. Bank National Association (or its Affiliates), in its various capacities in connection with the transactions contemplated in the Facility Loan Documents, including as Securities Intermediary, may enter into business transactions, including the acquisition of investment securities as contemplated by the Facility Loan Documents, from which it and/or such Affiliates may derive revenues and profits in addition to the fees stated in the various Facility Documents Loan Documents, without any duty to account therefor.

Appears in 1 contract

Samples: Account Control Agreement (AB Private Credit Investors Corp)

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