Common use of Role of Issuing Bank Clause in Contracts

Role of Issuing Bank. Each Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. None of the Issuing Banks, the Agents, any of their respective Related Parties or any correspondent, participant or assignee of the Issuing Bank shall be liable or responsible for:

Appears in 3 contracts

Samples: Syndicated Facility Agreement (Civeo Corp), Syndicated Facility Agreement (Civeo Corp), Security Agreement (Oil States International, Inc)

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Role of Issuing Bank. Each The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. None of the Issuing Banks, the AgentsAdministrative Agent, any of their respective Related Parties or any correspondent, participant or assignee of the Issuing Bank shall be liable or responsible for:

Appears in 3 contracts

Samples: Credit Agreement (Oil States International, Inc), Credit Agreement (Oil States International, Inc), Credit Agreement (Oil States International, Inc)

Role of Issuing Bank. Each Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. None of the Issuing Banks, the Agents, any of their respective Related Parties or any correspondent, participant or assignee of the theany Issuing Bank shall be liable or responsible for:

Appears in 1 contract

Samples: Syndicated Facility Agreement (Civeo Corp)

Role of Issuing Bank. Each The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. None of the Issuing BanksBank, the AgentsAdministrative Agent, any of their respective Related Parties or nor any correspondent, participant or assignee of the Issuing Bank shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (Willbros Group Inc)

Role of Issuing Bank. Each The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. None of the Issuing BanksBank, the AgentsAdministrative Agent, any of their respective Related Parties or any correspondent, participant or assignee of the Issuing Bank shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (Willbros Group, Inc.\NEW\)

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Role of Issuing Bank. Each The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. None of the Issuing BanksBank, the Agents, any of their respective Related Parties or any correspondent, participant or assignee of the Issuing Bank shall be liable or responsible for:

Appears in 1 contract

Samples: Syndicated Facility Agreement (Oil States International, Inc)

Role of Issuing Bank. Each The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. None of the Issuing Banks, the AgentsAdministrative Agent, any of their respective Related Parties or any correspondent, participant or assignee of the Issuing Bank Banks shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (Willbros Group, Inc.\NEW\)

Role of Issuing Bank. Each Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. None of the Issuing Banks, the Agents, any of their respective Related Parties or any correspondent, participant or assignee of the any Issuing Bank shall be liable or responsible for:

Appears in 1 contract

Samples: Syndicated Facility Agreement (Civeo Corp)

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