Common use of Dwelling Lots Clause in Contracts

Dwelling Lots. None of Lenders, Administrative Agent, or Issuing Banks shall be liable to any party for (i) the construction or completion of the Dwelling Units, (ii) the failure to construct, complete, or protect the Dwelling Units, (iii) the payment of any expense incurred in connection with the construction of the Dwelling Units, (iv) the performance or nonperformance of any other obligation of any Loan Party, or (v) Lenders’ or Administrative Agent’s exercise of any remedy available to them. In addition, Lenders shall not be liable to Borrower or any third party for the failure of Lenders or their authorized agents to discover or to reject materials or workmanship during the course of Lenders’ inspections of the Dwelling Lots.

Appears in 6 contracts

Samples: Credit Agreement (Horton D R Inc /De/), Credit Agreement (Horton D R Inc /De/), Credit Agreement (Horton D R Inc /De/)

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Dwelling Lots. None of Lenders, Neither the Lenders nor Administrative Agent, or Issuing Banks Agent shall be liable to any party for (i) the construction or completion of the Dwelling Units, (ii) the failure to construct, complete, or protect the Dwelling Units, (iii) the payment of any expense incurred in connection with the construction of the Dwelling Units, (iv) the performance or nonperformance of any other obligation of any Loan Party, or (v) Lenders’ or Administrative Agent’s exercise of any remedy available to them. In addition, Lenders shall not be liable to Borrower or any third party for the failure of Lenders or their authorized agents to discover or to reject materials or workmanship during the course of Lenders’ inspections of the Dwelling Lots.

Appears in 1 contract

Samples: Credit Agreement (Horton D R Inc /De/)

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