No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No Administrative Party need hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.
Appears in 46 contracts
Samples: Amendment and Restatement Agreement (PPL Energy Supply LLC), Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC)
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing (a) Nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No Administrative Party need hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.; and
Appears in 13 contracts
Samples: Agreement (Amec PLC), Agreement (Amec PLC), Agreement (Amec PLC)
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No Administrative Party need needs to hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.
Appears in 8 contracts
Samples: Credit Agreement (Seaspan CORP), Agreement (Seaspan CORP), Agreement (Seaspan CORP)
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No , and no Administrative Party need needs to hold in trust any moneys paid to or recovered by it for a Party in connection with the Finance Documents or be liable to account for interest on those moneys.
Appears in 7 contracts
Samples: Agreement (Ocean Rig UDW Inc.), Agreement (Ocean Rig UDW Inc.), Agreement (DryShips Inc.)
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No Administrative Party other than the Security Trustee need hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.
Appears in 2 contracts
Samples: Agreement (Quintana Maritime LTD), Agreement (Quintana Maritime LTD)
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No Administrative Party need hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneysmoneys received by it for its own account.
Appears in 2 contracts
Samples: Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC)
No Fiduciary Duties. Except as specifically provided in a Bridge Finance Document, nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No Administrative Party need hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.
Appears in 1 contract
Samples: Bridge Loan Agreement (Enodis PLC)
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other personPerson. No Administrative Party need hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.
Appears in 1 contract
Samples: Agreement (Aramark Corp/De)
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No Administrative Party need hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.. Table of Contents
Appears in 1 contract
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No person and no Administrative Party need needs to hold in trust any moneys paid to or recovered by it for a Party in connection with the Finance Documents or be liable to account for interest on those moneys.
Appears in 1 contract
Samples: Agreement (Ocean Rig UDW Inc.)
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing Nothing in the Finance Documents makes an Administrative Party (other than the Bond Trustee and the Security Trustee) a trustee or fiduciary for any other Party or any other person. No Administrative Party (other than the Bond Trustee, the Security Trustee, the Standstill Cash Manager and each Account Bank) need hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneysmoneys and such Administrative Parties shall hold money as banker and not subject to the Financial Conduct Authority's Client Money Rules.
Appears in 1 contract
Samples: Common Terms Agreement
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing Nothing in the Borrower Finance Documents makes shall make an Administrative Party (other than the Borrower Security Trustee) a trustee or fiduciary for any other Party or any other person. No Administrative Party need (other than the Borrower Security Trustee) shall be required to hold in on trust any moneys paid to it for a Party or be liable to account for interest on those moneys.
Appears in 1 contract
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No Administrative Party need hold in trust any moneys paid to it for a Party or be liable to account for any interest or profit element on those moneys.
Appears in 1 contract
Samples: Agreement (Telecom Italia S P A)
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing Nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No Administrative Party need hold in trust any moneys paid to it or recovered by it for a Party in connection with the Finance Documents or be liable to account for interest on those moneys.
Appears in 1 contract
Samples: Agreement (Liberty Global, Inc.)
No Fiduciary Duties. Except as specifically provided in a Finance Document, nothing in the Finance Documents makes an Administrative Party a trustee or fiduciary for any other Party or any other person. No Administrative Party need hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys. The relationship between the Lenders and each Administrative Party is that of principal and agent only. No agent shall have, nor be deemed to have assumed any obligations to, or trust or fiduciary relationship with the other Finance Parties or any Obligor other than those for which specific provision is made by the Finance Documents.
Appears in 1 contract
