Common use of Borrower in Control Clause in Contracts

Borrower in Control. In no event shall rights and interests of any Secured Party under the Loan Instruments be construed to give any such party or be deemed to indicate that any such party has control of the business, management or properties of Borrower or power over the daily management functions and operating decisions made by Borrower.

Appears in 2 contracts

Sources: Loan Agreement (Westmoreland Coal Co), Construction and Term Loan Agreement (Westmoreland Coal Co)