Common use of No Creditor Relationship Clause in Contracts

No Creditor Relationship. Entering into this Agreement does not, nor is it intended to create a debtor-creditor or lending arrangement or relationship between Elan and any other Party. In consideration of Elan providing Currency to the ATM Manager for the ATMs, ATM Manager agrees to pay Elan the compensation determined in accordance with the terms and conditions of this Agreement, as the same may be amended from time to time.

Appears in 6 contracts

Samples: Cash Provisioning Agreement (Global Axcess Corp), Cash Provisioning Agreement (TRM Corp), Cash Provisioning Agreement (TRM Corp)

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