Common use of Exclusion of liability Clause in Contracts

Exclusion of liability. (a) The Facility Agent is not liable or responsible to any other Finance Party for any action taken or not taken by it in connection with any Finance Document, unless directly caused by its gross negligence or wilful misconduct.

Appears in 48 contracts

Samples: Restatement Agreement (Mittal Steel Co N.V.), Western Power Distribution (PPL Corp), Agreement (United States Steel Corp)

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Exclusion of liability. (a) The Facility Agent is not liable or responsible to any other Finance Party for any action taken or not taken by it in connection with any Finance Document, unless directly caused by its gross negligence or wilful misconduct.

Appears in 16 contracts

Samples: Supplemental Agreement (Enodis PLC), Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC)

Exclusion of liability. (a) The Facility Agent is not liable or responsible to any other Finance Lender or Administrative Party for any action taken or not taken by it in connection with any Finance Document, unless directly caused by its gross negligence or wilful misconduct.

Appears in 8 contracts

Samples: Agreement (Ocean Rig UDW Inc.), Agreement (DryShips Inc.), Agreement (Ocean Rig UDW Inc.)

Exclusion of liability. (a) The Facility Neither Agent is not liable or responsible to any other Finance Party for any action taken or not taken by it in connection with any Finance Document, unless directly caused by its gross negligence or wilful misconduct.

Appears in 6 contracts

Samples: Agreement (Hungarian Telephone & Cable Corp), Agreement (Kabel Deutschland GmbH), Credit Agreement (Merix Corp)

Exclusion of liability. (a) The Neither the Facility Agent nor the Security Trustee is not liable or responsible to any other Finance Party for any action taken or not taken by it in connection with any Finance Document, unless directly caused by its gross negligence or wilful misconduct.

Appears in 3 contracts

Samples: Agreement (Seaspan CORP), Agreement (Quintana Maritime LTD), Agreement (Quintana Maritime LTD)

Exclusion of liability. (a) The Facility Neither Agent is not liable or responsible to any other Finance Party for any action taken or not taken by it in connection with any Senior Finance Document, unless directly caused by its gross negligence or wilful misconduct.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Smurfit Kappa Funding PLC), Agreement (JSG Funding PLC), Agreement (Smurfit Kappa Acquisitions)

Exclusion of liability. (a) The Facility Agent is will not be liable for any cost, loss, damage or responsible to expense suffered or incurred by any Finance Party or any other Finance Party for any action taken person as a result of or not taken by it in connection with any Finance Documentan act or omission of the Facility Agent except to the extent arising as a direct result of the gross negligence, unless directly caused by its gross negligence fraud or wilful misconductmisconduct of the Facility Agent.

Appears in 2 contracts

Samples: Syndicated Facility Agreement (Resmed Inc), Syndicated Facility Agreement (Resmed Inc)

Exclusion of liability. (a) The Facility Agent is not liable or responsible to any other Finance Party for any action taken or not taken by it in connection with any Finance Document, unless directly caused by its gross negligence or wilful misconductbreach.

Appears in 1 contract

Samples: Credit Facility Agreement (Terex Corp)

Exclusion of liability. (a) The Facility Agent is not liable or responsible to any other Finance Party for any action taken or not taken by it in connection with any Finance Document, unless directly caused by its gross negligence or wilful misconduct.

Appears in 1 contract

Samples: Credit Agreement (Warp Technology Holdings Inc)

Exclusion of liability. (a) 21.8.1 The Facility Agent is not liable or responsible to any other Finance Party for any action taken or not taken by it in connection with any Finance Document, unless directly caused by its gross negligence or wilful misconduct.

Appears in 1 contract

Samples: PPL Energy Supply LLC

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Exclusion of liability. (a) The Facility Agent is Agents are not liable or responsible to any other Finance Party for any action taken or not taken by it them in connection with any Finance Document, unless directly caused by its their gross negligence or wilful misconduct.

Appears in 1 contract

Samples: Agreement (Archstone Smith Trust)

Exclusion of liability. (a) The Facility Paying Agent is not liable or responsible to any other Transferring Finance Party for any action taken or not taken by it in connection with any Finance Documentthis Agreement, unless directly caused by its gross negligence or wilful misconduct.

Appears in 1 contract

Samples: Debt Transfer Agreement (Cordiant Communications Group PLC /Adr)

Exclusion of liability. (a) 17.8.1 The Facility Agent is not liable or responsible to any other Finance Party for any action taken or not taken by it in connection with any Finance Document, unless directly caused by its gross negligence or wilful misconduct.

Appears in 1 contract

Samples: Conformed Copy (Txu Corp /Tx/)

Exclusion of liability. (a) The Facility Agent is not liable or responsible to any other Finance Party for any action taken or not taken by it in connection with any Bridge Finance Document, unless directly caused by its gross negligence or wilful misconduct.

Appears in 1 contract

Samples: Bridge Loan Agreement (Enodis PLC)

Exclusion of liability. (arrrrrr) The Facility Agent is not liable or responsible to any other Finance Party for any action taken or not taken by it in connection with any Finance Document, unless directly caused by its gross negligence or wilful misconduct.

Appears in 1 contract

Samples: Agreement (PPL Electric Utilities Corp)

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