Relationship Between Buyer and Seller. The relationship between Xxxxxx and Xxxxx shall be that of seller and buyer. Neither is a trustee or agent for the other, nor does either have any fiduciary obligations to the other. This Agreement shall not be construed to create a partnership or joint venture between the Parties. In no event shall the Participation be construed as a loan from Buyer to Seller. Buyer hereby acknowledges that Seller may be engaged, for its own accounts or the accounts of customers, in a broad range of transactions with the Borrower or any Obligor that involve interests that differ from those of Buyer, including but not limited to securities trading and brokerage activities, investment banking and financial advisory services and cash management and depositary services, and Seller has no obligation to disclose such services to Buyer.
Relationship Between Buyer and Seller. The relationship between Seller and Buyer shall be that of seller and buyer. This Agreement shall not be construed to create a partnership or joint venture between Buyer and Seller. In no event shall the transactions contemplated by this Agreement be deemed or be construed, in whole or in part, as a loan from Buyer and Seller.
Relationship Between Buyer and Seller. The relationship between Seller and Buyer shall be that of seller and buyer. Neither is a trustee or agent for the other, nor does either have any fiduciary obligations to the other. This Agreement shall not be construed to create a partnership or joint venture between the Parties. In no event shall the Participation be construed as a loan from Buyer to Seller; provided, however, in the event that Buyer’s Proportion of each Security is held to be property of Seller or if for any reason this Agreement is held or deemed to create a security interest in Buyer’s Proportion of each Security, the provisions of Section 10.1 shall apply.
Relationship Between Buyer and Seller. Nothing in any Contract, and no action taken by the parties pursuant thereto, shall constitute a partnership, association, joint venture or other co-operative entity between Buyer and Seller and Seller has no powers to commit or bind Buyer in any way or to incur any liability or obligations for or on behalf of Buyer. Buyer and Seller will act as independent contractors. (f)
Relationship Between Buyer and Seller. Buyer expressly acknowledges that Seller has purchased the ITS Stock from Xxxxxx X. Xxxxxx and Xxxxxxx X. Xxxx and established itself as an intermediary party in the series of transactions contemplated by the Asset Agreement, the Stock Agreements and this Agreement for the sole purpose of facilitating the purchase of the Business by the Buyer.
Relationship Between Buyer and Seller. The relationship between Buyer and Seller shall be that of buyer and seller. Neither is a trustee or agent for the other, nor does either have fiduciary obligations to the other. This Agreement shall not be construed to create a partnership or joint venture between the Parties. Buyer acknowledges and agrees that it is not acquiring any right or interest in or license to use the names “JPMorgan Chase Bank,”, “Chase” or “JPMC” or any derivation of any of them (individually and collectively, the “Seller Name”), any logo, symbol, service xxxx, trademark, tradestyle, slogan or similar intellectual property of Seller or any of its Affiliates (the “Seller Marks”) or any Seller proprietary information, marketing materials, software, documents, signage, customer lists or similar items used by Seller (the “Seller Proprietary Property”‘). Buyer shall not use the Seller Name, Seller Marks or Seller Proprietary Property other than in connection with the Assets or Assumed Obligations and as may be reasonably necessary to facilitate the transfer of the Assets and Assumed Obligations from Seller to Buyer pursuant to this Agreement. No activity conducted by Buyer after the Closing Date shall state or imply that Seller is in any way involved as a partner, joint venturer or otherwise in Buyer’s business.
Relationship Between Buyer and Seller. Nothing in this Agreement shall be construed as creating a joint venture between Buyer and Seller or any relationship other than that of buyer and seller, and neither party hereto, nor anyone else, shall have the authority or power by virtue of the provisions of this Agreement to incur any liability or obligation, other than as provided by the specific provisions of this Agreement which would be binding upon the other party hereto.
Relationship Between Buyer and Seller a. The relationship of the Parties shall be that of seller and buyer, and neither Party shall be considered or act as an agent of or have any fiduciary duties to the other Party. The Investment Documents are not intended to create a joint venture, partnership, or association between the Parties.
Relationship Between Buyer and Seller. The relationship between Sxxxxx and Bxxxx shall be that of seller and buyer. Neither is a trustee or agent for the other, nor does either have any fiduciary obligations to the other. This Agreement shall not be construed to create a partnership or joint venture between the Parties. In no event shall the Participation be construed as a loan from Buyer to Seller.
