Assumption of Risk by the Borrowers. As among the Borrowers, the Lenders, FCC, the Issuing Bank and the Administrative Agent, the Borrowers assume 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. 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, FCC, the Issuing Bank and the Administrative Agent shall not be responsible for:
Appears in 3 contracts
Samples: Loan and Security Agreement (Russell Corp), Credit and Security Agreement (Mastec Inc), Loan and Security Agreement (Heafner Tire Group Inc)
Assumption of Risk by the Borrowers. As among the Borrowers, the Lenders, FCC, the Issuing Bank Lenders and the Administrative Agent, the Borrowers assume 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. 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, FCC, the Issuing Bank Lenders and the Administrative Agent shall not be responsible for:
Appears in 2 contracts
Samples: Loan and Security Agreement (Phoenix Racing Inc), Loan and Security Agreement (Collins Industries Inc)
Assumption of Risk by the Borrowers. As among the Borrowers, the Lenders, FCC, the Issuing Bank Lenders and the Administrative Agent, the Borrowers assume 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. 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, FCC, the Issuing Bank Lenders and the Administrative Agent shall not be responsible for:
Appears in 1 contract
