Bank Failure. MGA shall not be liable for any loss which occurs by reason of the default or failure of the bank in which the Depository Account and Disbursement Account are maintained and such loss shall not affect MGA’s obligations under this Agreement.
Appears in 5 contracts
Sources: Managing General Agency and Claims Administration Agreement (Safepoint Holdings, Inc.), Managing General Agency Agreement (Exzeo Group, Inc.), Managing General Agency Agreement (Exzeo Group, Inc.)
Bank Failure. MGA shall not be liable for any loss which occurs by reason of the default or failure of the bank in which the Depository Account and Disbursement Account are maintained and such loss shall not affect MGA’s 's obligations under this Agreement.
Appears in 2 contracts
Sources: Managing General Agency and Claims Administration Agreement, Managing General Agency and Claims Administration Agreement (Federated National Holding Co)