Common use of No Responsibility to Third Parties Clause in Contracts

No Responsibility to Third Parties. Neither the Administrative Agent nor any Lender nor any Issuing Bank shall have any responsibility as to the application or use of any of the proceeds of any Advance or the use of any Letter of Credit.

Appears in 2 contracts

Sources: Credit Agreement (Adelphia Communications Corp), Credit Agreement (Allied Waste Industries Inc)

No Responsibility to Third Parties. Neither the Administrative Agent nor any Lender nor any Issuing Bank shall have any responsibility as to the application or use of any of the proceeds of any Advance or the use of any Letter of CreditAdvance.

Appears in 2 contracts

Sources: Credit Agreement (Terra Industries Inc), Credit Agreement (Terra Industries Inc)

No Responsibility to Third Parties. Neither the Administrative Agent nor any Lender nor any Issuing Bank Purchaser shall have any responsibility as to the application or use of any of the proceeds of any Advance or the use of any Letter of CreditNote.

Appears in 1 contract

Sources: Note and Guarantee Agreement (Metromedia Fiber Network Inc)

No Responsibility to Third Parties. Neither the Administrative Agent nor any Lender nor any Issuing Bank shall have any responsibility as to the application or use of any of the proceeds of any Advance or the use of any Letter of CreditAdvance.

Appears in 1 contract

Sources: Credit Agreement (Terra Industries Inc)