Liability of Lender. The Lender shall not be liable for any act or omission by it pursuant to the provisions of this Agreement in the absence of fraud or gross negligence. The Lender shall incur no liability to Borrower or any other party in connection with the acts or omissions of the Lender in reliance upon any certificate or other paper believed by the Lender to be genuine or with respect to any other thing which the Lender may do or refrain from doing, unless such act or omission amounts to fraud or gross negligence.
Appears in 2 contracts
Samples: Loan Agreement (Comstock Homebuilding Companies, Inc.), Loan Agreement (Comstock Homebuilding Companies, Inc.)
Liability of Lender. The Lender shall not be liable for any act or omission by it pursuant to the provisions of this Loan Agreement in the absence of fraud or fraud, gross negligence, or intentional willful misconduct. The Lender shall incur no liability to the Borrower or any other party in connection with the acts or omissions of the Lender in reliance upon any certificate or other paper believed by the Lender to be genuine or with respect to any other thing which the Lender may do or refrain from doing, unless such act or omission amounts to fraud or fraud, gross negligence, or intentional willful misconduct.
Appears in 1 contract
Liability of Lender. The Lender shall not be liable for any act or omission by it pursuant to the provisions of this Agreement in the absence of fraud or gross negligence. The Lender shall incur no liability to Borrower Xxxxxxxx or any other party in connection with the acts or omissions of the Lender in reliance upon any certificate or other paper believed by the Lender to be genuine or with respect to any other thing which the Lender may do or refrain from doing, unless such act or omission amounts to fraud or gross negligence.
Appears in 1 contract
Samples: Loan Agreement (Comstock Homebuilding Companies, Inc.)
