Common use of Lead Arranger Clause in Contracts

Lead Arranger. Notwithstanding anything to the contrary contained herein, no Bank identified as a “Lead Arranger” shall have the right, power, obligation, liability, responsibility or duty under this Agreement or any other Loan Document other than those applicable to all Banks as such. Without limiting the foregoing, none of the Banks so identified shall have or be deemed to have any fiduciary relationship with any Bank. Each Bank acknowledges that it has not relied, and will not rely, on any of the Banks so identified in deciding to enter into this Agreement or not taking action hereunder.

Appears in 2 contracts

Sources: Term Loan Agreement (Centerpoint Energy Resources Corp), Term Loan Agreement (Centerpoint Energy Houston Electric LLC)

Lead Arranger. Notwithstanding anything to the contrary contained herein, no Bank identified as a “Lead Arranger” shall have the right, power, obligation, liability, responsibility or duty under this Agreement or any other Loan Document other than those applicable to all Banks as such. Without limiting the foregoing, none of the Banks so identified shall have or be deemed to have any fiduciary relationship with any Bank. Each Bank acknowledges that it has not relied, and will not rely, on any of the Banks so identified in deciding to enter into this Agreement or not taking action hereunder.

Appears in 1 contract

Sources: Term Loan Agreement (Centerpoint Energy Inc)

Lead Arranger. Notwithstanding anything to None of the contrary contained herein, no Bank identified as a “Banks or the Lead Arranger” Arranger shall have the any right, power, obligation, liability, responsibility or duty under this Agreement or any other Loan Document other than those applicable to all Banks as such. Without limiting the foregoing, none of the Banks so identified or the Lead Arranger shall have have, or be deemed to have have, any fiduciary relationship with any Bank. Each Bank acknowledges that it has not relied, and will not rely, on any of the Banks or the Lead Arranger so identified in deciding to enter into this Agreement or in taking or not taking action hereunder.

Appears in 1 contract

Sources: Term Loan Agreement (Conocophillips)