Common use of Debtor-Creditor Relationship Clause in Contracts

Debtor-Creditor Relationship. None of the terms of this Agreement or of any other Loan Document executed in conjunction herewith or related hereto shall be deemed to give Lender the rights or powers to exercise control over the business or affairs of Borrower. The relationship between Borrower and Lender created by this Agreement is only that of debtor and creditor.

Appears in 3 contracts

Samples: Credit Agreement (Kaneb Services LLC), Credit Agreement (Kaneb Services LLC), Credit Agreement (Kaneb Services Inc)

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Debtor-Creditor Relationship. None of the terms of this Agreement or of any other Loan Document document executed in conjunction herewith or related hereto shall be deemed to give Lender the rights or powers to exercise control over the business or affairs of BorrowerBorrowers. The relationship between Borrower Borrowers and Lender created by this Agreement is only that of debtor debtor-creditor, and creditorLender is not a fiduciary on behalf of any Borrower, or any Subsidiary or any other Person.

Appears in 1 contract

Samples: Loan Agreement (Omega Protein Corp)

Debtor-Creditor Relationship. None of the terms of this Agreement or of any other Loan Document document executed in conjunction herewith or related hereto shall be deemed to give Lender the rights or powers to exercise control over the business or affairs of BorrowerBorrowers. The relationship between Borrower Borrowers and Lender created by this Agreement is only that of debtor and debtor/creditor.

Appears in 1 contract

Samples: Loan Agreement (American Locker Group Inc)

Debtor-Creditor Relationship. None of the terms of this Agreement or of any other Loan Document document executed in conjunction herewith or related hereto shall be deemed to give Lender the rights or powers to exercise control over the business or affairs of Borrower. The relationship between Borrower and Lender created by this Agreement is only that of debtor and debtor-creditor.

Appears in 1 contract

Samples: Loan Agreement (Stevens International Inc)

Debtor-Creditor Relationship. None of the terms of this Agreement or of any other Loan Document document executed in conjunction herewith or related hereto shall be deemed to give Lender the rights or powers to exercise control over the business or affairs of Borrowerthe Borrowers or Guarantors. The relationship between Borrower the Borrowers and Lender Guarantors, and Lender, created by this Agreement is only that of debtor and debtor-creditor.

Appears in 1 contract

Samples: Loan Agreement (Integrated Security Systems Inc)

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Debtor-Creditor Relationship. None of the terms of this Agreement or of any other Loan Document document executed in conjunction herewith or related hereto shall be deemed to give the Lender the rights or powers to exercise control over the business or affairs of the Borrower. The relationship between the Borrower and the Lender created by this Agreement is only that of debtor and debtor/creditor.

Appears in 1 contract

Samples: Security Agreement (Temtex Industries Inc)

Debtor-Creditor Relationship. None of the terms of this Agreement or of any other Loan Document document executed in conjunction herewith or related hereto shall be deemed to give Lender the rights or powers to exercise control over the business or affairs of Borrower. The relationship between Borrower Bxxxxxxx and Lender Lxxxxx created by this Agreement is only that of debtor and debtor/creditor, except as otherwise provided in Section 7.05.

Appears in 1 contract

Samples: Loan and Security Agreement (Unique Logistics International, Inc.)

Debtor-Creditor Relationship. None of the terms of this Agreement or of any other Loan Document document executed in conjunction herewith or related hereto shall be deemed to give Lender the rights or powers to exercise control over the business or affairs of Borrower. The relationship between Borrower Xxxxxxxx and Lender Xxxxxx created by this Agreement is only that of debtor and debtor/creditor.

Appears in 1 contract

Samples: Loan Agreement (Harte Hanks Inc)

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