Representative’s Liability Sample Clauses

Representative’s Liability. Neither the Representative, its associates, nor any of their directors, officers or employees, shall be liable to the parties to this agreement or to any Covered bondholders, Receiptholders or Couponholders for any expense, loss or damage suffered by or occasioned by reason of any action taken or omitted to be taken by any one or all of the Representative, its associates, or any directors, officers, employees or agents of such persons pursuant to this Agreement, the Conditions or any other Transaction Document or in connection therewith unless directly caused by the fraud, negligence or wilful default of the Representative, or of its associates, or any of their directors, officers or employees and in no circumstances shall the Representative be liable for any special, general or consequential damages, even if the Representative has been advised of the possibility of such damages.