Common use of Express Negligence Rule Clause in Contracts

Express Negligence Rule. The indemnification, release and assumption provisions provided for in this Agreement shall be applicable whether or not the losses, costs, expenses and damages in question arose solely or in part from the gross, active, passive, or concurrent negligence, strict liability or other fault of any indemnified party. Each of Administrative Agent, the Issuing Banks, the Lenders, the Borrower, and each of the Guarantors acknowledges that this statement complies with the express negligence rule and is conspicuous.

Express Negligence Rule. The indemnification, release and assumption provisions provided for in this Agreement shall be applicable whether or not the losses, costs, expenses and damages in question arose solely or in part from the gross, active, passive, or concurrent negligence, strict liability or other fault of any indemnified party. Each of the Administrative Agent, the Issuing BanksBank, the LendersBanks, the Borrower, and each of the Guarantors acknowledges that this statement complies with the express negligence rule and is conspicuous.

Express Negligence Rule. The indemnification, release and assumption provisions provided for in this Agreement shall be applicable whether or not the losses, costs, expenses and damages in question arose solely or in part from the gross, active, passive, or concurrent negligence, strict liability or other fault of any indemnified party. Each of the Administrative Agent, the Issuing Banks, the Lenders, the Borrower, and each of the Guarantors acknowledges acknowledge that this statement complies with the express negligence rule and is conspicuous.

Express Negligence Rule. The indemnification, release and assumption provisions provided for in this Agreement shall be applicable whether or not the losses, costs, expenses and damages in question arose solely or in part from the gross, active, passive, or concurrent negligence, strict liability or other fault of any indemnified party. Each of Administrative Agent, the Issuing Banks, the LendersBanks, the Borrower, and each of the Guarantors acknowledges that this statement complies with the express negligence rule and is conspicuous.