Common use of Own Clause in Contracts

Own. RESPONSIBILITY It is understood and agreed by each Bank that at all times it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigation into all risks arising under or in connection with the Finance Documents including, but not limited to:

Own. RESPONSIBILITY It is understood and agreed by each Bank and the L/C Issuing Bank that at all times it has itself been, and will continue to be, solely responsible for making its own independent appraisal of and investigation into all risks arising under or in connection with the Finance Facility Documents including, but not limited to: