Common use of No Liability for Ordinary Negligence Clause in Contracts

No Liability for Ordinary Negligence. Neither Bank, nor any of its directors, officers, employees, agents, attorneys or any other Person affiliated with or representing Bank shall be liable for any claims, demands, losses or damages, of any kind whatsoever, made, claimed, incurred or suffered by Borrower or any other party through the ordinary negligence of Bank, or any of its directors, officers, employees, agents, attorneys or any other Person affiliated with or representing Bank, but nothing herein shall relieve Bank from liability for its own gross negligence or willful misconduct.

Appears in 4 contracts

Samples: Loan and Security Agreement (Redback Networks Inc), Loan and Security Agreement (Redback Networks Inc), Loan and Security Agreement (Fiberstars Inc /Ca/)

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No Liability for Ordinary Negligence. Neither Bank, the Bank nor any of its directors, officers, employees, agents, attorneys or any other Person affiliated with or representing the Bank shall be liable for any claims, demands, losses or damages, of any kind whatsoever, made, claimed, incurred or suffered by Borrower or any other party through the ordinary negligence of Bank, the Bank or any of its directors, officers, employees, agents, attorneys or any other Person affiliated with or representing the Bank, but nothing herein shall relieve the Bank from liability for its own gross negligence or willful misconduct.

Appears in 1 contract

Samples: Loan and Security Agreement (Critical Path Inc)

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