Common use of Not a Fiduciary Clause in Contracts

Not a Fiduciary. The duties and responsibilities of the Agent under this Agreement and the other Loan Documents shall be mechanical and administrative in nature, and the Agent shall not have a fiduciary relationship in respect of any Lender Party.

Appears in 2 contracts

Sources: Credit Agreement (Primark Corp), Revolving Credit Agreement (Primark Corp)

Not a Fiduciary. The duties and responsibilities of the Administrative Agent under this Agreement and the other Loan Documents shall be mechanical and administrative in nature, and the Administrative Agent shall not have a fiduciary relationship in respect of any Lender Party.

Appears in 1 contract

Sources: Credit Agreement (Kennametal Inc)