Common use of Limited Duties Clause in Contracts

Limited Duties. Under the Loan Documents, Administrative Agent (i) is acting solely on behalf of the Secured Parties (except to the limited extent provided in Section 10.6(c) with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Administrative Agent”, the terms “agent”, “Agent” and “collateral agent” and similar terms in any Loan Document to refer to Administrative Agent, which terms are used for title purposes only, (ii) is not assuming 103 and shall not have any actual or implied obligations, functions, responsibilities, duties, under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Secured Party or any other Person, and each Secured Party, by accepting the benefits of the Loan Documents, hereby waives and agrees not to assert any claim against Administrative Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) and (ii) above.

Appears in 2 contracts

Samples: Credit Agreement (DoubleVerify Holdings, Inc.), Credit Agreement (DoubleVerify Holdings, Inc.)

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Limited Duties. Under the Loan Documents, the Administrative Agent (i) is acting solely on behalf of the Secured Parties Lenders (except to the limited extent provided in Section 10.6(c2.3(e) with respect to the RegisterRegister and in Section 8.11), with duties that are entirely administrative in nature, notwithstanding the use of the defined term "Administrative Agent", the terms "agent", “Agent” "administrative agent" and "collateral agent" and similar terms in any Loan Document to refer to the Administrative Agent, which terms are used for title purposes only, (ii) is not assuming 103 and shall not have any actual or implied obligations, functions, responsibilities, duties, obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Secured Party Lender or any other PersonSecured Party and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each Secured Party, by accepting the benefits of the Loan Documents, Lender hereby waives and agrees not to assert any claim against the Administrative Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) and through (iiiii) above.

Appears in 2 contracts

Samples: Loan Agreement (Us Airways Group Inc), Agreement (Us Airways Inc)

Limited Duties. Under the Loan Documents, the Administrative Agent (i) is acting solely on behalf of the Secured Parties Lenders (except to the limited extent provided in Section 10.6(c2.14(b) with respect to the RegisterRegister and in Section 10.6), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Administrative Agent”, the terms “agent”, “Agentadministrative agent” and “collateral agent” and similar terms in any Loan Document to refer to the Administrative Agent, which terms are used for title purposes only, (ii) is not assuming 103 and shall not have any actual or implied obligations, functions, responsibilities, duties, obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Secured Party Lender or any other PersonSecured Party and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each Secured Party, by accepting the benefits of the Loan Documents, Lender hereby waives and agrees not to assert any claim against the Administrative Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) and through (iiiii) above.

Appears in 2 contracts

Samples: Credit Agreement (Rush Enterprises Inc \Tx\), Credit Agreement (Rush Enterprises Inc \Tx\)

Limited Duties. Under the Loan Documents, Administrative Agent (i) is acting solely on behalf of the Secured Parties (except to the limited extent provided in Section 10.6(c2.4(b) with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Administrative Agent”, the terms “agent”, “Agent” and “collateral agent” and similar terms in any Loan Document to refer to Administrative Agent, which terms are used for title purposes only, (ii) is not assuming 103 and shall not have any actual or implied obligations, functions, responsibilities, duties, under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Secured Party or any other Person, and each Secured Party, by accepting the benefits of the Loan Documents, hereby waives and agrees not to assert any claim against Administrative Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) and (ii) above. 9.2.

Appears in 1 contract

Samples: Credit Agreement (Phreesia, Inc.)

Limited Duties. Under the Loan Documents, Administrative Agent (i) is acting solely on behalf of the Secured Parties Lenders (except to the limited extent provided in Section 10.6(c2.14(b) with respect to the RegisterRegister and in Section 10.11), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Administrative Agent”, the terms “agent”, “Agentadministrative agent” and “collateral agent” and similar terms in any Loan Document to refer to Administrative Agent, which terms are used for title purposes only, (ii) is not assuming 103 and shall not have any actual or implied obligations, functions, responsibilities, duties, obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Secured Party Lender or any other PersonSecured Party and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each Secured Party, by accepting the benefits of the Loan Documents, Lender hereby waives and agrees not to assert any claim against Administrative Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) and through (iiiii) above.

Appears in 1 contract

Samples: Revolving Credit Agreement (Genesis Healthcare, Inc.)

Limited Duties. Under the Loan Documents, Administrative Agent (i) is acting solely on behalf of the Secured Parties Lenders (except to the limited extent provided in Section 10.6(c) with respect to the Register12.11), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Administrative Agent”, the terms “agent”, “Agentadministrative agent” and “collateral agent” and similar terms in any Loan Document to refer to Administrative Agent, which terms are used for title purposes only, (ii) is not assuming 103 and shall not have any actual or implied obligations, functions, responsibilities, duties, obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Secured Party Lender or any other PersonSecured Party and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each Secured Party, by accepting the benefits of the Loan Documents, Lender hereby waives and agrees not to 137168310 v21 assert any claim against Administrative Agent based on the roles, duties and legal relationships expressly disclaimed in the foregoing clauses (i) and through (ii) aboveiii).

Appears in 1 contract

Samples: Loan Agreement (Omeros Corp)

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Limited Duties. Under the Loan Documents, Administrative Agent (i) is acting solely on behalf of the Secured Parties (except to the limited extent provided in Section 10.6(c) with respect to the Register), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Administrative Agent”, the terms “agent”, “Agent” and “collateral agent” and similar terms in any Loan ​ ​ ​ Document to refer to Administrative Agent, which terms are used for title purposes only, (ii) is not assuming 103 and shall not have any actual or implied obligations, functions, responsibilities, duties, under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Secured Party or any other Person, and each Secured Party, by accepting the benefits of the Loan Documents, hereby waives and agrees not to assert any claim against Administrative Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) and (ii) above.

Appears in 1 contract

Samples: Credit Agreement (DoubleVerify Holdings, Inc.)

Limited Duties. Under the Loan Credit Documents, the Administrative Agent (i) is acting solely on behalf of the Secured Parties Lenders (except to the limited extent provided in Section 10.6(c) with respect to the Register2.5(e)), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Administrative Agent”, ,” the terms “agent”, ,” Agentadministrative agent” and “collateral agent” and Table of Contents similar terms in any Loan Credit Document to refer to the Administrative Agent, which terms are used for title purposes only, (ii) is not assuming 103 and shall not have any actual or implied obligations, functions, responsibilities, duties, obligation under any Loan Credit Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Secured Party Lender or any other PersonSecured Party and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Credit Document, and each Secured Party, by accepting the benefits of the Loan Documents, Lender hereby waives and agrees not to assert any claim against the Administrative Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) and through (iiiii) above.

Appears in 1 contract

Samples: Credit Agreement (Amsurg Corp)

Limited Duties. Under the Loan Documents, Administrative Agent (i) is acting solely on behalf of the Secured Parties Lenders (except to the limited extent provided in Section 10.6(c2.11(b) with respect to the RegisterRegister and in Section 12.11), with duties that are entirely administrative in nature, notwithstanding the use of the defined term “Administrative Agent”, the terms “agent”, “Agentadministrative agent” and “collateral agent” and similar terms in any Loan Document to refer to Administrative Agent, which terms are used for title purposes only, (ii) is not assuming 103 and shall not have any actual or implied obligations, functions, responsibilities, duties, obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Secured Party Lender or any other PersonSecured Party and (iii) shall have no implied functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each Secured Party, by accepting the benefits of the Loan Documents, Lender hereby waives and agrees not to assert any claim against Administrative Agent based on the roles, duties and legal relationships expressly disclaimed in clauses (i) and through (iiiii) above.

Appears in 1 contract

Samples: Loan and Security Agreement (MMC Energy, Inc.)

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