Debtor-Creditor Relationship. The relationship between the Bank, on the one hand, and the Borrower, on the other hand, arising under the Loan Documents, is solely that of creditor and debtor. The Bank shall not have (or shall not be deemed to have) any fiduciary relationship or duty to the Borrower arising out of or in connection with the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the Bank, on the one hand, and the Borrower, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Foxby Corp.), Revolving Credit Agreement (Dividend & Income Fund), Revolving Credit Agreement (Midas Series Trust)
Debtor-Creditor Relationship. The relationship between the Bank, on the one hand, and the BorrowerLoan Parties, on the other hand, arising under the Loan Documents, is solely that of creditor and debtor. The Bank has no (nor shall not have (or shall not be deemed to havehave any) any fiduciary relationship or duty to the Borrower any Loan Party arising out of or in connection with the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the Bank, on the one hand, and the BorrowerLoan Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 3 contracts
Samples: Credit Agreement (Winc, Inc.), Credit Agreement (Winc, Inc.), Credit Agreement (Winc, Inc.)
Debtor-Creditor Relationship. The relationship between the Bank, on the one hand, and the Borrower, on the other hand, arising under the Loan Documents, is solely that of creditor and debtor. The Bank shall not have (or shall not be deemed to have) any fiduciary relationship or duty to the Borrower arising out of or in connection with the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the Bank, on the one hand, and the Borrower, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Spirit of America Investment Fund Inc), Revolving Credit Agreement (Capitol Series Trust)
Debtor-Creditor Relationship. The relationship between the BankLender, on the one hand, and the BorrowerLoan Parties, on the other hand, arising under the Loan Documents, is solely that of creditor and debtor. The Bank shall Lender does not have (or nor shall not be deemed to have) any fiduciary relationship or duty to the Borrower any Loan Party arising out of or in connection with the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the BankLender, on the one hand, and the BorrowerLoan Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 2 contracts
Samples: Credit Agreement (Emmis Communications Corp), Credit Agreement (Northwest Pipe Co)
Debtor-Creditor Relationship. The relationship between the BankLender, on the one hand, and the BorrowerLoan Parties, on the other hand, arising under the Loan Documents, is solely that of creditor and debtor. The Bank shall Lender does not have (or nor shall not be deemed to have) any fiduciary relationship or duty to the Borrower any Loan Party arising out of or in connection with the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the BankLender, on the one hand, and the BorrowerLoan Parties, on the other hand, by virtue of any Loan Document or any transaction contemplated therein.
Appears in 1 contract
Samples: Credit Agreement (Neophotonics Corp)
