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O » Topics » Section 13.8 . Nonliability of Agent and Lenders.

This excerpt taken from the O 8-K filed Jun 20, 2005.

Section 13.8.  Nonliability of Agent and Lenders.

 

The relationship between the Borrower, on the one hand, and the Lenders and the Agent, on the other hand, shall be solely that of borrower and lender.  Neither the Agent nor any Lender shall have any fiduciary responsibilities to the Borrower and no provision in this Agreement or in any of the other Loan Documents, and no course of dealing between or among any of the parties hereto, shall be deemed to create any fiduciary duty owing by the Agent or any Lender to any Lender, the Borrower, any Subsidiary or any other Loan Party.  Neither the Agent nor any Lender undertakes any responsibility to the Borrower to review or inform the Borrower of any matter in connection with any phase of the Borrower’s business or operations.

 

"Section 13.8 . Nonliability of Agent and Lenders." elsewhere:

Federal Realty Investment Trust (FRT)
Corporate Office Properties Trust (OFC)
Pennsylvania Real Estate Investment Trust (PEI)
Senior Housing Properties Trust (SNH)
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