Position of the Agent. In acting under this Agreement and in connection with the sale of any Notes by the Issuer (other than Notes sold to you pursuant to a Terms Agreement), you are acting solely as agent of the Issuer and do not assume any obligation towards or relationship of agency or trust with any purchaser of Notes. You shall make reasonable efforts to assist the Issuer in obtaining performance by each purchaser whose offer to purchase the Notes has been solicited by you and accepted by the Issuer, but you shall not have any liability to the Issuer in the event any such purchase is not consummated for any reason.
Appears in 2 contracts
Sources: Distribution Agreement (Canadian Imperial Bank of Commerce /Can/), Distribution Agreement (Canadian Imperial Bank of Commerce /Can/)