Relationship of Parties Clause Example with 14 Variations from Business Contracts
This page contains Relationship of Parties clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Relationship of Parties. Borrower and Lenders acknowledge, understand and agree that the relationship between Borrower, on the one hand, and Lenders, on the other, is, and at all time shall remain solely that of a borrower and lender. Neither Collateral Agent nor Lenders shall under any circumstances be construed to be a partner or a joint venturer of Borrower or any of its Affiliates; nor shall Collateral Agent or Lenders under any circumstances be deemed to be 33 in a relationship of confidence or trust or a fiduciary... relationship with Borrower or any of its Affiliates, or to owe any fiduciary duty to Borrower or any of its Affiliates. Neither Collateral Agent nor any Lender undertakes or assumes any responsibility or duty to Borrower or any of its Affiliates to select, review, inspect, supervise, pass judgment upon or otherwise inform Borrower or any of its Affiliates of any matter in connection with its or their Property, any Collateral held by Collateral Agent or Lenders or the operations of Borrower or any of its Affiliates. Borrower and each of its Affiliates shall rely entirely on their own judgment with respect to such matters, and any review, inspection, supervision, exercise of judgment or supply of information undertaken or assumed by Collateral Agent or any Lender in connection with such matters is solely for the protection of Collateral Agent and Lenders and neither Borrower nor any Affiliate is entitled to rely thereon.View More
Variations of a "Relationship of Parties" Clause from Business Contracts
Relationship of Parties. Borrower Co-Borrowers and Lenders Lender acknowledge, understand and agree that the relationship between Borrower, each Co-Borrower, on the one hand, and Lenders, Lender, on the other, is, and at all time times shall remain solely that of a borrower and lender. Neither Collateral Agent nor Lenders Lender shall not, under any circumstances circumstances, be construed to be a partner or a joint venturer of Borrower any Co-Borrower or any of its Affiliates; nor shall Collateral Agent or Lenders Len...der, under any circumstances circumstances, be deemed to be 33 in a relationship of confidence or trust or a fiduciary relationship with Borrower any Co-Borrower or any of its Affiliates, or to owe any fiduciary duty or any other duty to Borrower any Co-Borrower or any of its Affiliates. Neither Collateral Agent nor any Lender undertakes or assumes any responsibility or duty to Borrower any Co-Borrower or any of its Affiliates to select, review, inspect, supervise, pass judgment upon or otherwise inform Borrower any Co-Borrower or any of its Affiliates of any matter in connection with its or their Property, any Collateral held by Collateral Agent or Lenders Lender or the operations of Borrower any Co-Borrower or any of its Affiliates. Borrower Each Co-Borrower and each of its Affiliates shall rely entirely on their own judgment with respect to such matters, and any review, inspection, supervision, exercise of judgment or supply of information undertaken or assumed by Collateral Agent or any Lender in connection with such matters is solely for the protection of Collateral Agent and Lenders Lender and neither Borrower no Co-Borrower nor any Affiliate is entitled to rely thereon. View More
Relationship of Parties. Borrower Co-Borrowers and Lenders acknowledge, understand and agree that the relationship between Borrower, each Co-Borrower, on the one hand, and Lenders, on the other, is, and at all time times shall remain solely that of a borrower and lender. Neither Collateral Agent nor Lenders shall No Lender shall, under any circumstances circumstances, be construed to be a partner or a joint venturer of Borrower any Co-Borrower or any of its Affiliates; nor shall Collateral Agent or Lenders any Lender, u...nder any circumstances circumstances, be deemed to be 33 in a relationship of confidence or trust or a fiduciary relationship with Borrower any Co-Borrower or any of its Affiliates, or to owe any fiduciary duty or any other duty to Borrower any Co-Borrower or any of its Affiliates. Neither Collateral Agent nor any Lender undertakes or assumes any responsibility or duty to Borrower any Co-Borrower or any of its Affiliates to select, review, inspect, supervise, pass judgment upon or otherwise inform Borrower any Co-Borrower or any of its Affiliates of any matter in connection with its or their Property, any Collateral held by Collateral Agent or Lenders any Lender or the operations of Borrower any Co-Borrower or any of its Affiliates. Borrower Each Co-Borrower and each of its Affiliates shall rely entirely on their own judgment with respect to such matters, and any review, inspection, supervision, exercise of judgment or supply of information undertaken or assumed by Collateral Agent or any Lender in connection with such matters is solely for the protection of Collateral Agent and Lenders and neither Borrower no Co-Borrower nor any Affiliate is entitled to rely thereon. View More
Relationship of Parties. Borrower and Lenders acknowledge, understand and agree that the relationship between Borrower, on the one hand, and Lenders, on the other, is, and at all time shall remain solely that of a borrower and lender. Neither Collateral Agent nor lenders. Lenders shall not under any circumstances be construed to be a partner or a joint venturer of Borrower or any of its Affiliates; nor shall Collateral Agent or Lenders under any circumstances be deemed to be 33 in a relationship of confidence or trust o...r a fiduciary relationship with Borrower or any of its Affiliates, or to owe any fiduciary duty to Borrower or any of its Affiliates. Neither Collateral Agent nor any Lender undertakes Lenders do not undertake or assumes assume any responsibility or duty to Borrower or any of its Affiliates to select, review, inspect, supervise, pass judgment upon or otherwise inform Borrower or any of its Affiliates of any matter in connection with its or their Property, any Collateral held by Collateral Agent or Lenders or the operations of Borrower or any of its Affiliates. Borrower and each of its Affiliates shall rely entirely on their own judgment with respect to such matters, and any review, inspection, supervision, exercise of judgment or supply of information undertaken or assumed by Collateral Agent or any Lender Lenders in connection with such matters is solely for the protection of Collateral Agent and Lenders and neither Borrower nor any Affiliate is entitled to rely thereon. View More
Relationship of Parties. Borrower and Lenders Lender acknowledge, understand and agree that the relationship between Borrower, on the one hand, and Lenders, Lender, on the other, is, and at all time shall remain solely that of a borrower and lender. Neither Collateral Agent nor Lenders Lender shall not under any circumstances be construed to be a partner or a joint venturer of Borrower or any of its Affiliates; nor shall Collateral Agent or Lenders Lender under any circumstances be deemed to be 33 in a relationship of c...onfidence or trust or a fiduciary relationship with Borrower or any of its Affiliates, or to owe any fiduciary duty to Borrower or any of its Affiliates. Neither Collateral Agent nor any Lender undertakes does not undertake or assumes assume any responsibility or duty to Borrower or any of its Affiliates to select, review, inspect, supervise, pass judgment upon or otherwise inform Borrower or any of its Affiliates of any matter in connection with its or their Property, any Collateral held by Collateral Agent or Lenders Lender or the operations of Borrower or any of its Affiliates. Borrower and each of its Affiliates shall rely entirely on their own judgment with respect to such matters, and any review, inspection, supervision, exercise of judgment or supply of information undertaken or assumed by Collateral Agent or any Lender in connection with such matters is solely for the protection of Collateral Agent and Lenders Lender and neither Borrower nor any Affiliate is entitled to rely thereon. View More
