Common use of Not in Control Clause in Contracts

Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give Administrative Agent or any Lender the right to exercise control over the assets (including real property), affairs, or management of Borrower or any Subsidiary, (b) preclude or interfere with compliance by Borrower or any Subsidiary with any Applicable Law, or (c) require any act or omission by Borrower or any Subsidiary that may be harmful to Persons or property. Any “Material Adverse Effect” or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative Agent or any Lender acquiesces in any non-compliance by Borrower or any Subsidiary with any Applicable Law or document, or that Administrative Agent or any Lender does not expect Borrower or any Subsidiary to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent and Lenders have no fiduciary relationship with or fiduciary duty to Borrower or any Subsidiary arising out of or in connection with the Loan Documents, and the relationship between Administrative Agent and Lenders, on the one hand, and Borrower and its Subsidiaries, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of Administrative Agent and Lenders under the Loan Documents is limited to the rights provided in the Loan Documents, which rights exist solely to assure payment and performance of the Obligations and may be exercised in a manner calculated by Administrative Agent and Lenders in their respective good faith business judgment.

Appears in 2 contracts

Samples: Credit Agreement (Allied Capital Corp), Credit Agreement (Allied Capital Corp)

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Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give Administrative Agent or any Lender the right to exercise control over the assets (including real property), affairs, or management of Borrower or any Subsidiary, (b) preclude or interfere with compliance by Borrower or any Subsidiary with any Applicable Law, or (c) require any act or omission by Borrower or any Subsidiary that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative Agent or any Lender acquiesces in any non-compliance by Borrower or any Subsidiary with any Applicable Law or document, or that Administrative any Agent or any Lender does not expect Borrower or any Subsidiary to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent and the Lenders have no fiduciary relationship with or fiduciary duty to Borrower or any Subsidiary arising out of or in connection with the Loan Documents, and the relationship between Administrative Agent and the Lenders, on the one hand, and Borrower and its Subsidiaries, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of Administrative Agent and the Lenders under the Loan Documents is limited to the rights provided in the Loan Documents, which rights exist solely to assure payment and performance of the Obligations and may be exercised in a manner calculated by Administrative Agent and Lenders in their respective good faith business judgment.

Appears in 2 contracts

Samples: Credit Agreement (Allied Capital Corp), Credit Agreement (Allied Capital Corp)

Not in Control. Nothing in any Loan Document Paper shall, or shall be deemed to (a) give Administrative Agent Agent, any Agent, or any Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower or any SubsidiaryConsolidated Company, (b) preclude or interfere with compliance by Borrower or any Subsidiary Consolidated Company with any Applicable Law, or (c) require any act or omission by Borrower or any Subsidiary Consolidated Company that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document Paper is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative Agent Agent, any Agent, or any Lender acquiesces in any non-compliance by Borrower or any Subsidiary Consolidated Company with any Applicable Law or document, or that Administrative Agent Agent, any Agent, or any Lender does not expect Borrower or any Subsidiary the Consolidated Companies to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Neither the Administrative Agent and Lenders have no nor any Lender has any fiduciary relationship with or fiduciary duty to Borrower or any Subsidiary Consolidated Company arising out of or in connection with the Loan DocumentsPapers, and the relationship between the Administrative Agent and Lenders, on the one hand, and Borrower and its SubsidiariesBorrower, on the other hand, in connection with the Loan Documents Papers is solely that of debtor and creditor. The power of Administrative Agent Agents and Lenders under the Loan Documents Papers is limited to the rights Rights provided in the Loan DocumentsPapers, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by Administrative Agent Agents and Lenders in their respective good faith business judgment.

Appears in 2 contracts

Samples: Credit Agreement (Mci Worldcom Inc), Credit Agreement (Worldcom Inc /Ga/)

Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give Administrative Agent or any Lender the right to exercise control over the assets (including real property), affairs, or management of Borrower or any Subsidiary, (b) preclude or interfere with compliance by Borrower or any Subsidiary with any Applicable Law, or (c) require any act or omission by Borrower or any Subsidiary that may be harmful to Persons or property. Any “Material Adverse Effect” or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative Agent or any Lender acquiesces in any non-compliance by Borrower or any Subsidiary with any Applicable Law or document, or that Administrative Agent or any Lender does not expect Borrower or any Subsidiary to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent and Lenders have no fiduciary relationship with or fiduciary duty to Borrower or any Subsidiary arising out of or in connection with the Loan Documents, and the relationship between Administrative Agent and Lenders, on the one hand, and Borrower and its Consolidated Subsidiaries, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of Administrative Agent and Lenders under the Loan Documents is limited to the rights provided in the Loan Documents, which rights exist solely to assure payment and performance of the Obligations and may be exercised in a manner calculated by Administrative Agent and Lenders in their respective good faith business judgment.

Appears in 2 contracts

Samples: Credit Agreement (Allied Capital Corp), Credit Agreement (Allied Capital Corp)

Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give Administrative any Agent or any Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower any Loan Party or any SubsidiarySubsidiary thereof, (b) preclude or interfere with compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law, or (c) require any act or omission by Borrower any Loan Party or any Subsidiary thereof that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative any Agent or any Lender acquiesces in any non-compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law or document, or that Administrative any Agent or any Lender does not expect Borrower or any Subsidiary the Loan Parties and their respective Subsidiaries to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent The Agents and the Lenders have no fiduciary relationship with or fiduciary duty to Borrower any Loan Party or any Subsidiary thereof arising out of or in connection with the Loan Documents, and the relationship between Administrative Agent the Agents and the Lenders, on the one hand, and Borrower and its SubsidiariesLoan Parties, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of Administrative Agent the Agents and Lenders under the Loan Documents is limited to the rights Rights provided in the Loan Documents, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by Administrative Agent the Agents and Lenders in their respective good faith business judgment.

Appears in 2 contracts

Samples: Credit Agreement (Northern Border Partners Lp), Revolving Credit Agreement (Northern Border Partners Lp)

Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give Administrative Agent or any Lender the right to exercise control over the assets (including real property), affairs, or management of Borrower or any Subsidiary, (b) preclude or interfere with compliance by Borrower or any Subsidiary with any Applicable Law, or (c) require any act or omission by Borrower or any Subsidiary that may be harmful to Persons or property. Any “Material Adverse Effect” or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative Agent or any Lender acquiesces in any non-compliance by Borrower or any Subsidiary with any Applicable Law or document, or that Administrative Agent or any Lender does not expect Borrower or any Subsidiary to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent and the Lenders have no fiduciary relationship with or fiduciary duty to Borrower or any Subsidiary arising out of or in connection with the Loan Documents, and the relationship between Administrative Agent and the Lenders, on the one hand, and Borrower and its Subsidiaries, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of Administrative Agent and the Lenders under the Loan Documents is limited to the rights provided in the Loan Documents, which rights exist solely to assure payment and performance of the Obligations and may be exercised in a manner calculated by Administrative Agent and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Credit Agreement (Allied Capital Corp)

Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give Administrative any Agent or any Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower any Loan Party or any SubsidiarySubsidiary thereof, (b) preclude or interfere with compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law, or (c) require any act or omission by Borrower any Loan Party or any Subsidiary thereof that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative any Agent or any Lender acquiesces in any non-compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law or document, or that Administrative any Agent or any Lender does not expect Borrower or any Subsidiary the Loan Parties and their respective Subsidiaries to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent The Agents and the Lenders have no fiduciary relationship with or fiduciary duty to Borrower any Loan Party or any Subsidiary thereof arising out of or in connection with the Loan Documents, and the relationship between Administrative Agent the Agents and the Lenders, on the one hand, and Borrower Loan Parties and its their Subsidiaries, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of Administrative Agent the Agents and Lenders under the Loan Documents is limited to the rights Rights provided in the Loan Documents, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by Administrative Agent the Agents and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Pledge Agreement (Adelphia Communications Corp)

Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give Administrative any Agent or any Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower any Loan Party or any SubsidiarySubsidiary thereof, (b) preclude or interfere with compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law, or (c) require any act or omission by Borrower any Loan Party or any Subsidiary thereof that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative any Agent or any Lender acquiesces in any non-compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law or document, or that Administrative any Agent or any Lender does not expect Borrower or any Subsidiary the Loan Parties and their respective Subsidiaries to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent The Agents and the Lenders have no fiduciary relationship with or fiduciary duty to Borrower any Loan Party or any Subsidiary thereof arising out of or in connection with the Loan Documents, and the relationship between Administrative Agent the Agents and the Lenders, on the one hand, and Borrower and its SubsidiariesLoan Parties, on the other hand, in connection with the Loan Documents is NBPLP CREDIT AGREEMENT 37 solely that of debtor and creditor. The power of Administrative Agent the Agents and Lenders under the Loan Documents is limited to the rights Rights provided in the Loan Documents, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by Administrative Agent the Agents and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: NBPLP Credit Agreement (Northern Border Partners Lp)

Not in Control. Nothing in any Loan Document shall, or shall be -------------- deemed to (a) give Administrative any Agent or any Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower any Loan Party or any SubsidiarySubsidiary thereof, (b) preclude or interfere with compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law, or (c) require any act or omission by Borrower any Loan Party or any Subsidiary thereof that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative any Agent or any Lender acquiesces in any non-compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law or document, or that Administrative any Agent or any Lender does not expect Borrower or any Subsidiary the Loan Parties and their respective Subsidiaries to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent The Agents and the Lenders have no fiduciary relationship with or fiduciary duty to Borrower any Loan Party or any Subsidiary thereof arising out of or in connection with the Loan Documents, and the relationship between Administrative Agent the Agents and the Lenders, on the one hand, and Borrower Loan Parties and its their Subsidiaries, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of Administrative Agent the Agents and Lenders under the Loan Documents is limited to the rights Rights provided in the Loan Documents, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by Administrative Agent the Agents and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Security Agreement (Azz Inc)

Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give Administrative any Agent or any Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower any Loan Party or any SubsidiarySubsidiary thereof, (b) preclude or interfere with compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law, or (c) require any act or omission by Borrower any Loan Party or any Subsidiary thereof that may be harmful to Persons or property. Any “Material Adverse Effect” "MATERIAL ADVERSE EVENT" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative any Agent or any Lender acquiesces in any non-compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law or document, or that Administrative any Agent or any Lender does not expect Borrower or any Subsidiary the Loan Parties and their respective Subsidiaries to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent The Agents and the Lenders have no fiduciary relationship with or fiduciary duty to Borrower any Loan Party or any Subsidiary thereof arising out of or in connection with the Loan Documents, and the relationship between Administrative Agent the Agents and the Lenders, on the one hand, and Borrower Loan Parties and its their Subsidiaries, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of Administrative Agent the Agents and Lenders under the Loan Documents is limited to the rights Rights provided in the Loan Documents, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by Administrative Agent the Agents and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Dobson Communications Corp

Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give Administrative Agent or any Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower or any SubsidiaryGuarantor, (b) preclude or interfere with compliance by Borrower or any Subsidiary Guarantor thereof with any Applicable LawLaw (including Environmental Law or Environmental Requirements), or (c) require any act or omission by Borrower or any Subsidiary Guarantor thereof that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative Agent or any Lender acquiesces in any non-compliance by Borrower or any Subsidiary Guarantor with any Applicable Law or document, or that Administrative Agent or any Lender does not expect the Borrower or any Subsidiary Guarantor to promptly, diligently, and continuously carry out all appropriate removal, remediation, restoration and termination activities required or appropriate in accordance with all Environmental LawsLaws and Environmental Requirements. The Administrative Agent and the Lenders have no fiduciary relationship with or fiduciary duty to Borrower or any Subsidiary Guarantor arising out of or in connection with the Loan Documents, and the relationship between the Administrative Agent and the Lenders, on the one hand, and Borrower and its Subsidiariesor Guarantor, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of the Administrative Agent and Lenders under the Loan Documents is limited to the rights Rights provided in the Loan Documents, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by the Administrative Agent and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (America West Holdings Corp)

Not in Control. Nothing Except with respect to the Letter of Credit Cash Collateral Account, nothing in any Loan Document shall, or shall be deemed to (a) give Administrative Agent or any Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower any Loan Party or any SubsidiarySubsidiary thereof, (b) preclude or interfere with compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law, or (c) require any act or omission by Borrower any Loan Party or any Subsidiary thereof that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative Agent or any Lender acquiesces in any non-compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law or document, or that Administrative Agent or any Lender does not expect Borrower or any Subsidiary the Loan Parties and their respective Subsidiaries to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. The Administrative Agent and Lenders have no fiduciary relationship with or fiduciary duty to Borrower any Loan Party or any Subsidiary thereof arising out of or in connection with the Loan Documents, and the relationship between the Administrative Agent and Lenders, on the one hand, and Borrower and its SubsidiariesLoan Parties, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of the Administrative Agent and Lenders under the Loan Documents is limited to the rights Rights provided in the Loan Documents, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by the Administrative Agent and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Northern Border Partners Lp)

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Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give the Administrative Agent or any Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower any Loan Party or any SubsidiarySubsidiary thereof, (b) preclude or interfere with compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law, or (c) require any act or omission by Borrower any Loan Party or any Subsidiary thereof that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that the Administrative Agent or any Lender acquiesces in any non-compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law or document, or that the Administrative Agent or any Lender does not expect Borrower or any Subsidiary the Loan Parties and their respective Subsidiaries to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. The Administrative Agent and the Lenders have no fiduciary relationship with or fiduciary duty to Borrower any Loan Party or any Subsidiary thereof arising out of or in connection with the Loan Documents, and the relationship between the Administrative Agent and the Lenders, on the one hand, and Borrower Loan Parties and its their Subsidiaries, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of the Administrative Agent and Lenders under the Loan Documents is limited to the rights Rights provided in the Loan Documents, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by the Administrative Agent and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Credit Agreement (Dobson Communications Corp)

Not in Control. Nothing in any Loan Document Paper shall, or shall be deemed to (a) give Administrative Agent Agent, any Agent, or any Facility B Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower or any SubsidiaryConsolidated Company, (b) preclude or interfere with compliance by Borrower or any Subsidiary Consolidated Company with any Applicable Law, or (c) require any act or omission by Borrower or any Subsidiary Consolidated Company that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document Paper is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative Agent Agent, any Agent, or any Facility B Lender acquiesces in any non-compliance by Borrower or any Subsidiary Consolidated Company with any Applicable Law or document, or that Administrative Agent Agent, any Agent, or any Facility B Lender does not expect Borrower or any Subsidiary the Consolidated Companies to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Neither the Administrative Agent and Lenders have no nor any Facility B Lender has any fiduciary relationship with or fiduciary duty to Borrower or any Subsidiary Consolidated Company arising out of or in connection with the Loan DocumentsPapers, and the relationship between the Administrative Agent and Facility B Lenders, on the one hand, and Borrower and its SubsidiariesBorrower, on the other hand, in connection with the Loan Documents Papers is solely that of debtor and creditor. The power of Administrative Agent Facility B Agents and Lenders under the Loan Documents Papers is limited to the rights Rights provided in the Loan DocumentsPapers, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by Administrative Agent Facility B Agents and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Term Loan Agreement (Worldcom Inc /Ga/)

Not in Control. Nothing in any Loan Document Paper shall, or shall be deemed to (a) give Administrative Agent Agent, any Agent, or any Facility A Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower or any SubsidiaryConsolidated Company, (b) preclude or interfere with compliance by Borrower or any Subsidiary Consolidated Company with any Applicable Law, or (c) require any act or omission by Borrower or any Subsidiary Consolidated Company that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document Paper is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative Agent Agent, any Agent, or any Facility A Lender acquiesces in any non-compliance by Borrower or any Subsidiary Consolidated Company with any Applicable Law or document, or that Administrative Agent Agent, any Agent, or any Facility A Lender does not expect Borrower or any Subsidiary the Consolidated Companies to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Neither the Facility A Administrative Agent and Lenders have no nor any Facility A Lender has any fiduciary relationship with or fiduciary duty to Borrower or any Subsidiary Consolidated Company arising out of or in connection with the Loan DocumentsPapers, and the relationship between the Facility A Administrative Agent and the Facility Lenders, on the one hand, and Borrower and its SubsidiariesBorrower, on the other hand, in connection with the Loan Documents Papers is solely that of debtor and creditor. The power of Administrative Agent Agent, Agents, and Lenders under the Loan Documents Papers is limited to the rights Rights provided in the Loan DocumentsPapers, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by Administrative Agent Agent, Agents, and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Credit Agreement (Worldcom Inc /Ga/)

Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give Administrative Agent or any Lender the right to exercise control over the assets (including real property), affairs, or management of Borrower or any Subsidiary, (b) preclude or interfere with compliance by Borrower or any Subsidiary with any Applicable Law, or (c) require any act or omission by Borrower or any Subsidiary that may be harmful to Persons or property. Any "Material Adverse Effect" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative Agent or any Lender acquiesces in any non-compliance by Borrower or any Subsidiary with any Applicable Law or document, or that Administrative Agent or any Lender does not expect Borrower or any Subsidiary to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent and the Lenders have no fiduciary relationship with or fiduciary duty to Borrower or any Subsidiary arising out of or in connection with the Loan Documents, and the relationship between Administrative Agent and the Lenders, on the one hand, and Borrower and its Subsidiaries, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of Administrative Agent and the Lenders under the Loan Documents is limited to the rights provided in the Loan Documents, which rights exist solely to assure payment and performance of the Obligations and may be exercised in a manner calculated by Administrative Agent and Lenders in their respective good faith business judgment.SECOND AMENDED AND RESTATED CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Allied Capital Corp)

Not in Control. Nothing in any Loan Document Paper shall, or shall be deemed to (a) give Administrative any Agent or any Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower any Loan Party or any SubsidiaryDCCLP prior to exercising Rights under the Collateral Documents, (b) preclude or interfere with compliance by Borrower any Loan Party or any Subsidiary DCCLP with any Applicable Law, or (c) require any act or omission by Borrower any Loan Party or any Subsidiary DCCLP that may be harmful to Persons or property. Any “Material Adverse Effect” "MATERIAL ADVERSE EVENT" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document Paper is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative any Agent or any Lender acquiesces in any non-compliance by Borrower any Loan Party or any Subsidiary DCCLP with any Applicable Law or document, or that Administrative any Agent or any Lender does not expect Borrower or any Subsidiary the Loan Parties and DCCLP to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent Agents and Lenders have no fiduciary relationship with or fiduciary duty to Borrower any Loan Party or any Subsidiary DCCLP arising out of or in connection with the Loan DocumentsPapers, and the relationship between Administrative Agent Agents and Lenders, on the one hand, and Borrower the Loan Parties and its SubsidiariesDCCLP, on the other hand, in connection with the Loan Documents Papers is solely that of debtor and creditor. The power of Administrative Agent the Agents and Lenders under the Loan Documents Papers is limited to the rights Rights provided in the Loan DocumentsPapers, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by Administrative Agent the Agents and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Logix Communications Enterprises Inc)

Not in Control. Nothing in any Loan Document shall, or shall be deemed to (a) give Administrative any Agent or any Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower any Loan Party or any SubsidiarySubsidiary thereof, (b) preclude or interfere with compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law, or (c) require any act or omission by Borrower any Loan Party or any Subsidiary thereof that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative any Agent or any Lender acquiesces in any non-compliance by Borrower any Loan Party or any Subsidiary thereof with any Applicable Law or document, or that Administrative any Agent or any Lender does not expect Borrower or any Subsidiary the Loan Parties and their respective Subsidiaries to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Administrative Agent The Agents and the Lenders have no fiduciary relationship with or fiduciary duty to Borrower any Loan Party or any Subsidiary thereof arising out of or in connection with the Loan Documents, and the relationship between Administrative Agent the Agents and the Lenders, on the one hand, and Borrower Loan Parties and its their Subsidiaries, on the other hand, in connection with the Loan Documents is solely that of debtor and creditor. The power of Administrative Agent the Agents and the Lenders under the Loan Documents is limited to the rights provided in the Loan Documents, which rights exist solely to assure payment and performance of the Obligations and may be exercised in a manner calculated by Administrative Agent the Agents and the Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Not in Control. Nothing in any Loan Document Paper shall, or shall be deemed to (a) give Administrative Agent Agent, any Agent, or any Facility A Lender the right Right to exercise control over the assets (including real property), affairs, or management of Borrower or any SubsidiaryConsolidated Company, (b) preclude or interfere with compliance by Borrower or any Subsidiary Consolidated Company with any Applicable Law, or (c) require any act or omission by Borrower or any Subsidiary Consolidated Company that may be harmful to Persons or property. Any "Material Adverse Effect” Event" or other materiality qualifier in any representation, warranty, covenant, or other provision of any Loan Document Paper is included for credit documentation purposes only and shall not, and shall not be deemed to, mean that Administrative Agent Agent, any Agent, or any Facility A Lender acquiesces in any non-compliance by Borrower or any Subsidiary Consolidated Company with any Applicable Law or document, or that Administrative Agent Agent, any Agent, or any Facility A Lender does not expect Borrower or any Subsidiary the Consolidated Companies to promptly, diligently, and continuously carry out all appropriate removal, remediation, and termination activities required or appropriate in accordance with all Environmental Laws. Neither the Administrative Agent and Lenders have no nor any Facility A Lender has any fiduciary relationship with or fiduciary duty to Borrower or any Subsidiary Consolidated Company arising out of or in connection with the Loan DocumentsPapers, and the relationship between the Administrative Agent and Facility A Lenders, on the one hand, and Borrower and its SubsidiariesBorrower, on the other hand, in connection with the Loan Documents Papers is solely that of debtor and creditor. The power of Administrative Agent Facility A Agents and Lenders under the Loan Documents Papers is limited to the rights Rights provided in the Loan DocumentsPapers, which rights Rights exist solely to assure payment and performance of the Obligations Obligation and may be exercised in a manner calculated by Administrative Agent Facility A Agents and Lenders in their respective good faith business judgment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Worldcom Inc /Ga/)

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