Common use of Lead Arranger and Bookrunner Clause in Contracts

Lead Arranger and Bookrunner. Notwithstanding any provision to the contrary contained elsewhere in this Agreement or in any other Credit Document, neither the Lead Arranger nor the Bookrunner will have any duties or responsibilities, nor will any of such Agents have or be deemed to have any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities will be read into this Agreement or any other Credit Document or otherwise exist against any of such Agents. At any time that any Lender serving (or whose Affiliate is serving) as Lead Arranger or Bookrunner will have transferred to any other Person (other than any Affiliates) all of its interests in the Loans, such Lender (or an Affiliate of such Lender acting as Lead Arranger or Bookrunner) will be deemed to have concurrently resigned as such Lead Arranger or Bookrunner.