Common use of Relationship Clause in Contracts

Relationship. The relationship between the Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the Agent as trustee or fiduciary for any other Party or any other person and the Agent need not hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.

Appears in 32 contracts

Sources: Revolving Credit Facility (Anglogold Ashanti LTD), Syndicated Loan Facility (Anglogold Ashanti LTD), Syndicated Bridge Loan Facility (Anglogold Ashanti LTD)

Relationship. The relationship between the Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes shall be construed as to constitute the Agent or the Finance Parties as trustee or fiduciary for any other Party or any other person person, and neither the Agent need not hold in trust nor the Finance Parties shall be bound to account to any moneys paid to Finance Party for any sum or the profit element of any sum received by it for a Party or be liable to account for interest on those moneysits own account.

Appears in 14 contracts

Sources: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement

Relationship. The relationship between the each Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the either Agent as trustee or fiduciary for any other Party or any other person and the neither Agent need not hold in trust any moneys paid to it for a Party save as provided in the Finance Documents or be liable to account for interest on those moneys.

Appears in 11 contracts

Sources: Senior Secured Credit Facility (Liberty Global PLC), Facility Agreement (Liberty Global, Inc.), Credit Agreement (Unitedglobalcom Inc)

Relationship. The relationship between the Agent and the other Finance Parties is that of agent and principal only. Nothing Except as contemplated by the Finance Documents, nothing in this Agreement constitutes the Agent as trustee or fiduciary for any other Party or any other person and the Agent need not hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.

Appears in 6 contracts

Sources: Credit Agreement (Spirent PLC), Revolving Credit Facility (Spirent PLC), Facility Agreement (Spirent PLC)

Relationship. The relationship between the Facility Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the Facility Agent as trustee or fiduciary for any other Party or any other person and the Facility Agent need not hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.

Appears in 5 contracts

Sources: Bridge Facility Agreement, Multicurrency Bridge Facility Agreement, Multicurrency Revolving Credit Facility Agreement (Schneider Electric Sa)

Relationship. The relationship between the each Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement (other than in relation to the Security Agent and the Security Documents) constitutes the any Agent as trustee or fiduciary for any other Party or any other person and except where and to the extent otherwise stated in this Agreement such Agent need not hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.

Appears in 4 contracts

Sources: Supplemental Agreement (Trader Com Nv), Supplemental Agreement (Dunlop Standard Aerospace Holdings PLC), Credit Agreement (Getty Images Inc)

Relationship. The relationship between the Agent and the other Finance Parties is that of agent and principal only. Nothing Except as contemplated by the Security Documents, nothing in this Agreement constitutes the Agent as trustee or fiduciary for any other Party or any other person and the Agent need not hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.

Appears in 3 contracts

Sources: Credit Agreement (British Energy Group PLC), Loan Facility Agreement (Diamond Cable Communications PLC), Revolving Advance and Letter of Credit Facility (Independent Energy Holdings PLC)

Relationship. The relationship between the Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes shall be construed as to constitute the Agent or the Finance Parties as trustee or fiduciary for any other Party or any other person person, and neither the Agent need not hold in trust nor the Finance Parties shall be bound to account to any moneys paid to Finance Party for any sum or the profit element of any sum received by it for a Party its own account. The Agent may accept deposits from, lend money to and generally engage in any kind of banking or be liable to account for interest on those moneysother business with the Obligors.

Appears in 3 contracts

Sources: Senior Secured Term Loan and Revolving Credit Facility Agreement, Senior Secured Term Loan and Revolving Credit Facility Agreement (Seadrill Partners LLC), Senior Secured Term Loan and Revolving Credit Facility Agreement (Seadrill Partners LLC)

Relationship. The relationship between the Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the only and Agent as shall not have any fiduciary relationship with or be a trustee or fiduciary for any other Party or any other person and the Agent need not hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneysperson.

Appears in 2 contracts

Sources: Guarantee, Revolving Credit and Term Loan Facility Agreement (DryShips Inc.), Guarantee, Revolving Credit and Term Loan Facility Agreement (DryShips Inc.)

Relationship. The relationship between the an Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the an Agent as trustee or fiduciary for any other Party or any other person and the an Agent need not 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

Sources: 364 Day Multi Currency Revolving Credit With Term Out Option (National Grid Transco PLC), Facilities Agreement (Autoliv Inc)

Relationship. The relationship between the each Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the an Agent as trustee or fiduciary for any other Party or any other person and the an Agent need not 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

Sources: Credit Facility Agreement (Azurix Corp), Credit Facility (Azurix Corp)

Relationship. The relationship between the Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the Agent as trustee or fiduciary for any other Party or any other person and the Agent need not hold in trust any moneys paid to it for a Party or (unless otherwise expressly specified in this Agreement) be liable to account for interest on those moneys.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Waterford Wedgwood PLC)

Relationship. The relationship between the each Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes an Agent (other than the Security Agent 117 as contemplated by the Security Documents) as trustee or fiduciary for any other Party or any other person and except where and to the extent otherwise stated in the Security Agreement, no Agent need not 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

Sources: Facility Agreement (Vivendi Universal)

Relationship. The relationship between the Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the Agent as trustee or fiduciary for any other Party or any other person and the Agent need not hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneys.. 36

Appears in 1 contract

Sources: Syndicated Credit Facility Agreement (Reuters Group PLC /Adr/)

Relationship. The relationship between the Agent and the other Finance Parties Banks is that of agent and principal only. Nothing in this Agreement constitutes the Agent as trustee or fiduciary for any other Party or any other person and the Agent need not hold in trust any moneys paid to it for a Party or be liable to account for interest on those moneysmonies.

Appears in 1 contract

Sources: Eleventh Supplemental Agreement (KNOT Offshore Partners LP)

Relationship. The relationship between the Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes , and nothing herein shall be construed so as to constitute the Agent as a trustee for the Finance Parties or fiduciary impose on any of them any duties or obligations other than those for any other Party or any other person and the Agent need not hold which express provision is made in trust any moneys paid to it for a Party or be liable to account for interest on those moneysthis Agreement.

Appears in 1 contract

Sources: Second Supplemental Agreement (KNOT Offshore Partners LP)

Relationship. The relationship between the Agent Agents and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the any Agent as trustee or fiduciary for any other Party or any other person and the neither Agent need not 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

Sources: Revolving Credit Facility (Toreador Resources Corp)

Relationship. The relationship Relationship between the Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the Agent as trustee or fiduciary for any other Party or any other person and the Agent need not 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

Sources: Revolving Credit Facility (Incentive Ab)

Relationship. The relationship between the an Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the an Agent as trustee or fiduciary for any other Party or any other person and the an Agent need not hold in trust any moneys monies paid to it for a Party or be liable to account for interest on those moneysmonies.

Appears in 1 contract

Sources: Facilities Agreement (Autoliv Inc)

Relationship. The relationship between the an Agent and the other Finance Parties is that of agent and principal only. Nothing in this Agreement constitutes the an Agent as trustee or fiduciary for any 73 -------------------------------------------------------------------------------- other Party or any other person and the an Agent need not 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

Sources: Loan Agreement (National Grid Group PLC)

Relationship. The relationship between the Agent and the other Finance Parties is that of agent and principal only. only Nothing in this Agreement constitutes shall be construed as to constitute the Agent or the Finance Parties as trustee or fiduciary for any other Party or any other person person, and neither the Agent need not hold in trust nor the Finance Parties shall be bound to account to any moneys paid to Finance Party for any sum or the profit element of any sum received by it for a Party or be liable to account for interest on those moneys.its own account

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)

Relationship. The relationship between the Agent and the other Finance Parties is that of agent and principal only. Nothing Without prejudice to its obligations under the Finance Documents, nothing in this Agreement constitutes the Agent as trustee or fiduciary for any other Party or any other person and the Agent need not 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

Sources: Revolving Credit Facility (Celltech Group PLC)