Common use of The Arrangers Clause in Contracts

The Arrangers. The Issuer hereby confirms the designation of Barclays Capital, the Investment Banking Division of Barclays Bank PLC, and Banc of America Securities LLC, as arrangers and book-runners of the Letter of Credit Facility and the Standby L/C Facility. The Arrangers assume no responsibility or obligation hereunder for servicing, enforcement or collection of the Obligations, or any duties as agent for the Lenders. The title "Arranger" or "Book-runner" implies no fiduciary responsibility on the part of the Arrangers to the Administrative Agent, the Issuing Bank or the Lenders and the use of either such title does not impose on the Arrangers any duties or obligations under this Agreement except as may be expressly set forth herein.