Common use of Shared Collateral Agent Not Fiduciaries for Holders of Senior Indebtedness Clause in Contracts

Shared Collateral Agent Not Fiduciaries for Holders of Senior Indebtedness. The Shared Collateral Agent shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness and shall not be liable to any such holders if it shall mistakenly pay over or distribute to the Shared Collateral Secured Parties or any other Person, money or assets to which any holders of Senior Indebtedness shall be entitled by virtue of this Section 6 or otherwise.

Appears in 8 contracts

Samples: Credit Agreement (Dex Media, Inc.), Credit Agreement (Dex Media, Inc.), Loan Agreement (Supermedia Inc.)

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