Common use of Assumption of Risk by the Borrower Clause in Contracts

Assumption of Risk by the Borrower. As among the Borrower, the Lenders and the Agent, the Borrower assumes all risks of the acts and omissions of, or misuse of any of the Letters of Credit by, the respective beneficiaries of such Letters of Credit, subject to the NationsBank's and the Agent's duties imposed herein. In furtherance and not in limitation of the foregoing, subject to the provisions of the applications for the issuance of Letters of Credit, the Lenders and the Agent shall not be responsible for:

Assumption of Risk by the Borrower. As among the Borrower, the Lenders and the Agent, the Borrower assumes assume all risks of the acts and omissions of, or misuse of any of the Letters Standby Letter of Credit by, the respective beneficiaries beneficiary of such Letters the Standby Letter of Credit, subject to the NationsBank's and the Agent's duties imposed herein. In furtherance and not in limitation of the foregoing, subject to the provisions of the applications application for the issuance of Letters the Standby Letter of Credit, the Lenders and the Agent shall not be responsible for: