Common use of Liability of the Bank Clause in Contracts

Liability of the Bank. The Borrower, to the extent permitted by applicable law, assumes all risks of the acts or omissions of the Trustee and any beneficiary or transferee of the Letter of Credit with respect to its use of the Letter of Credit. Neither the Bank nor any of its officers, directors, employees, agents or consultants shall be liable or responsible for:

Appears in 2 contracts

Samples: Letter of Credit and Reimbursement Agreement (Dollar Tree Stores Inc), Credit and Reimbursement Agreement (Belk Inc)

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Liability of the Bank. (a) The Borrower, to the extent permitted by applicable law, Borrower assumes all risks of the acts or omissions of the Bond Trustee or the Note Trustee, as the case may be, and any beneficiary or transferee of the any Direct Pay Letter of Credit with respect to its use of the such Direct Pay Letter of Credit. Neither the Bank nor any of its officers, directorsagents, employees, agents officers, directors or consultants counsel shall be liable or responsible for:

Appears in 1 contract

Samples: Reimbursement Agreement (Hanover Direct Inc)

Liability of the Bank. The Borrower, to the extent permitted by applicable law, assumes all risks of the acts or omissions of the Trustee Trustee, the Paying Agent and any beneficiary or transferee of the Letter of Credit with respect to its use of the Letter of Credit. Neither the Bank nor any of its officers, directors, employees, agents or consultants shall be liable or responsible for:

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (Medical Action Industries Inc)

Liability of the Bank. The BorrowerXX. For the exclusive benefit of the Bank and as between the Bank and Borrower only, to the extent permitted by applicable law, Borrower assumes all risks of the acts or omissions of the Trustee Beneficiary and any beneficiary or transferee of the Letter Letters of Credit with respect to its use of the Letter Letters of Credit. Neither the Bank nor any of its officers, directors, employees, agents officers or consultants directors shall be liable or responsible for:

Appears in 1 contract

Samples: Letter of Credit Agreement (M I Homes Inc)

Liability of the Bank. The Borrower, to the extent permitted not prohibited by applicable law, assumes all risks of the acts or omissions of the Credit Facility Trustee and any beneficiary or transferee of the Letter of Credit with respect to its use of the Letter of Credit. Neither the Bank nor any of its officers, directors, employees, agents or consultants shall be liable or responsible for:

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Heico Corp)

Liability of the Bank. The Borrower, to the extent permitted by applicable law, assumes all risks of the acts or omissions of the Trustee, the Credit Facility Trustee and any beneficiary or transferee of the Letter of Credit with respect to its use of the Letter of Credit. Neither the Bank nor any of its officers, directors, employees, agents or consultants shall be liable or responsible for:

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Lunn Industries Inc /De/)

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Liability of the Bank. The BorrowerBorrowers, to the extent --------------------- permitted by applicable law, assumes assume all risks of the acts or omissions of the Credit Facility Trustee and any beneficiary or transferee of the Letter of Credit with respect to its use of the Letter of Credit. Neither the Bank nor any of its officers, directors, employees, agents or consultants shall be liable or responsible for:

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Laralev Inc)

Liability of the Bank. The BorrowerAs between the Borrower and the Bank, to the extent permitted by applicable law, Borrower assumes all risks of the acts or omissions of the Trustee and any other beneficiary or transferee of the Letter of Credit with respect to its use of the Letter of Credit. Neither the Bank nor any of its officers, directors, employees, agents officers or consultants directors shall be liable or responsible for:: (a) the use which may be

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (American Xtal Technology)

Liability of the Bank. The Borrower, to the extent permitted by applicable law, assumes assume all risks of the acts or omissions of the Trustee and any beneficiary or transferee of the Letter of Credit with respect to its use of the Letter of Credit. Neither the Bank nor any of its officers, directors, employees, agents or consultants shall be liable or responsible for:

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (Performance Food Group Co)

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