Common use of General Immunity Clause in Contracts

General Immunity. Neither the Japan Local Currency Agent nor any of its respective directors, officers, agents or employees shall be liable to any of the Borrowers or any Bank for any action taken or omitted to be taken by it or them hereunder or under the Credit Agreement or in connection herewith or therewith except to the extent such action or inaction is found in a final non-appealable judgment by a court of competent jurisdiction to have arisen from the gross negligence or willful misconduct of such Person.

Appears in 100 contracts

Samples: Japan Local Currency (Caterpillar Financial Services Corp), Credit Agreement (Caterpillar Financial Services Corp), Japan Local (Caterpillar Financial Services Corp)

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