Common use of No Control Clause in Contracts

No Control. None of the covenants, terms or other provisions of any Loan Document or any document executed in conjunction therewith or related thereto shall, or shall be deemed to, give the Agent or any Bank rights or powers to exercise control over, or participate in the management of, the business, affairs, operations or management of any Borrower or any of their respective Property, including any right or power to influence or affect any of its treatment, transportation, storage or disposal of toxic and/or hazardous waste, substances or constituents. The relationship between each Borrower and the other parties hereto created by this Agreement and each of the other Loan Documents is only that of debtor-creditor (with or without security, as applicable), and the Rights of such other parties hereunder and thereunder are limited to the rights to receive payment of the Obligations and to exercise the Rights provided herein and therein and in any other document executed in conjunction herewith or therewith or related hereto or thereto.

Appears in 2 contracts

Samples: Credit Agreement (Lancer Corp /Tx/), Credit Agreement (Lancer Corp /Tx/)

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No Control. None of the covenants, terms or other provisions of any Loan Document or any document executed in conjunction therewith or related thereto shall, or shall be deemed to, give the Agent Agent, the Issuing Bank or any Bank rights or powers to exercise control over, or participate in the management of, the business, affairs, operations or management of any Borrower or any of their respective its Property, including any right or power to influence or affect any of its treatment, transportation, storage or disposal of toxic and/or hazardous waste, substances or constituents. The relationship between each Borrower and the other parties hereto created by this Agreement and each of the other Loan Documents is only that of debtor-creditor (with or without security, as applicable), and the Rights of such other parties hereunder and thereunder are limited to the rights to receive payment of the Obligations and to exercise the Rights provided herein and therein and in any other document executed in conjunction herewith or therewith or related hereto or thereto.

Appears in 2 contracts

Samples: Credit Agreement (Hastings Entertainment Inc), Credit Agreement (Hastings Entertainment Inc)

No Control. None of the covenants, terms or other provisions of any Loan Document or any document executed in conjunction therewith or related thereto shall, or shall be deemed to, give the Agent or any Bank rights or powers to exercise control over, or participate in the management of, the business, affairs, operations or management of any the Borrower or any of their its respective Property, including any right or power to influence or affect any of its treatment, transportation, storage or disposal of toxic and/or hazardous waste, substances or constituents. The relationship between each the Borrower and the other parties hereto created by this Agreement and each of the other Loan Documents is only that of debtor-creditor (with or without security, security as applicable), and the Rights of such other parties hereunder and thereunder are limited to the rights to receive payment of the Obligations and to exercise the Rights provided herein and therein and in any other document executed in conjunction herewith or therewith or related hereto or thereto.

Appears in 1 contract

Samples: Credit Agreement (Dawson Production Services Inc)

No Control. None of the covenants, terms or other provisions of any Loan Document Paper or any document executed in conjunction therewith or related thereto shall, or shall be deemed to, give the Agent or any Bank rights or powers to exercise control over, or participate in the management of, the business, affairs, operations or management of any Borrower or any of their respective Property, including any right or power to influence or affect any of its treatment, transportation, storage or disposal of toxic and/or hazardous waste, substances or constituents. The relationship between each Borrower and the other parties hereto created by this Agreement and each of the other Loan Documents Papers is only that of debtor-creditor (with or without security, as applicable), and the Rights of such other parties hereunder and thereunder are limited to the rights to receive payment of the Obligations and to exercise the Rights provided herein and therein and in any other document executed in conjunction herewith or therewith or related hereto or thereto.

Appears in 1 contract

Samples: Credit Agreement (Packaged Ice Inc)

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No Control. None of the covenants, terms or other provisions of any Loan Document or any document executed in conjunction therewith or related thereto shall, or shall be deemed to, give the Agent Agent, the Issuing Bank or any Bank rights or powers to exercise control over, or participate in the management of, the business, affairs, operations or management of any Borrower or any of their respective Property, including any right or power to influence or affect any of its treatment, transportation, storage or disposal of toxic and/or hazardous waste, substances or constituents. The relationship between each Borrower and the other parties hereto created by this Agreement and each of the other Loan Documents is only that of debtor-creditor (with or without security, as applicable), and the Rights of such other parties hereunder and thereunder are limited to the rights to receive payment of the Obligations and to exercise the Rights provided herein and therein and in any other document executed in conjunction herewith or therewith or related hereto or thereto.

Appears in 1 contract

Samples: Credit Agreement (Billing Information Concepts Corp)

No Control. None of the covenants, terms or other provisions of any Loan Document or any document executed in conjunction therewith or related thereto shall, or shall be deemed to, give the Agent Agent, the Issuing Bank or any Bank rights or powers to exercise control over, or participate in the management of, the business, affairs, operations or management of Borrower or any Borrower of its Subsidiaries or any of their respective Property, including any right or power to influence or affect any of its their respective treatment, transportation, storage or disposal of toxic and/or hazardous waste, substances or constituents. The relationship between each Borrower among Borrower, its Subsidiaries and the other parties hereto created by this Agreement and each of the other Loan Documents is only that of debtor-creditor (with or without security, as applicable), and the Rights of such other parties hereunder and thereunder are limited to the rights to receive payment of the Obligations and to exercise the Rights provided herein and therein and in any other document executed in conjunction herewith or therewith or related hereto or thereto.

Appears in 1 contract

Samples: Credit Agreement (Hastings Entertainment Inc)

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