Common use of Instructions; No Liability Clause in Contracts

Instructions; No Liability. Instructions may be honored by Chase when received from an Authorized Person. The Borrower may furnish Chase with written confirmation of any such Instruction, but Chase's responsibility with respect to any Instruction shall not be affected by its failure to receive or the content of such confirmation. Chase shall have no responsibility to notify the Borrower of any discrepancies between the Borrower's instructions and its written confirmation, and in the event of any such discrepancy, the original Instruction shall govern. Chase shall be fully protected in, and shall incur no liability to the Borrower for, acting upon any Instructions or any oral, written, telephone, teleprocess, electronic, or other amendments thereto which Chase in good faith believes to have been given by any Authorized Person, and in no event shall Chase be liable for special, consequential, or punitive damages. Chase may, at its option, use any means of verifying any Instruction received by it. Chase also may, at its option, refuse to act upon any instruction or other communication or any part, thereof; without incurring any responsibility for any loss, liability or expense arising out of such refusal. All such authorizations and instructions shall continue in full force and effect unless Chase may elect to act upon additional instructions delivered to it by the Borrower prior to the issuance of a Letter of Credit in reliance upon the original Instructions.

Appears in 2 contracts

Samples: Credit Agreement (Hampshire Group LTD), Credit Agreement (Hampshire Group LTD)

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Instructions; No Liability. Instructions may be honored by Chase when received from anyone purporting to be an Authorized Person. The Borrower Letter of Credit Parties may furnish Chase with written confirmation of any such Instructioninstruction, but Chase's responsibility with respect to any Instruction instruction shall not be affected by its failure to receive or the content of such confirmation. Chase shall have no responsibility to notify the Borrower Letter of Credit Parties, or any of them, of any discrepancies between the Borrowerany Letter of Credit Party's instructions and its written confirmation, and in the event of any such discrepancy, the original Instruction instruction shall govern. Chase shall be fully protected in, and shall incur no liability to the Borrower Letter of Credit Parties for, acting upon any Instructions instructions or any oral, written, telephone, teleprocess, electronic, or other amendments thereto which Chase in good faith believes to have been given by any Authorized Person, and in no event shall Chase be liable for special, consequential, or punitive damages. Chase may, at its option, use any means of verifying any Instruction instruction received by it. Chase also may, at its option, refuse to act upon any instruction or other communication or any partpart thereof, thereof; without incurring any responsibility for any loss, liability or expense arising out of such refusal. All such authorizations and instructions shall continue in full force and effect unless Chase may elect to act upon additional instructions delivered to it by the Borrower any Letter of Credit Party prior to the issuance of a Letter of Credit in reliance upon the original Instructionsinstructions.

Appears in 1 contract

Samples: Credit Agreement (Boundless Corp)

Instructions; No Liability. Instructions may be honored by Chase when received from an Authorized Person. The Borrower may furnish Chase with written confirmation of any such Instruction, but Chase's responsibility with respect to any Instruction shall not be affected by its failure to receive receive, or the content of of, such confirmation. Chase shall have no responsibility to notify the Borrower of any discrepancies between the Borrower's instructions and its written confirmation, and in the event of any such discrepancy, the original Instruction shall govern. Chase shall be fully protected in, and shall incur no liability to the Borrower for, acting upon any Instructions or any oral, written, telephone, teleprocess, electronic, or other amendments thereto which Chase in good faith believes to have been given by any Authorized Person, and in no event shall Chase be liable for special, consequential, or punitive damages. Chase may, at its option, use any means of verifying any Instruction received by it. Chase also may, at its option, refuse to act upon any instruction or other communication or any partpart thereof, thereof; without incurring any responsibility for any loss, liability or expense arising out of such refusal. All such authorizations and instructions shall continue in full force and effect unless Chase may elect to act upon additional instructions delivered to it by the Borrower prior to the issuance of a Letter of Credit in reliance upon the original Instructions.

Appears in 1 contract

Samples: Credit Agreement (Hampshire Group LTD)

Instructions; No Liability. Instructions may be honored by Chase when received from anyone purporting to be an Authorized Personauthorized person. The Each Borrower may furnish Chase with written confirmation of any such Instructioninstruction, but Chase's responsibility with respect to any Instruction instruction shall not be affected by its failure to receive such confirmation or the content of such confirmationthereof. Chase shall have no responsibility to notify the applicable Borrower of any discrepancies between the such Borrower's instructions and its written confirmation, and in the event of any such discrepancy, the original Instruction instruction shall govern. Chase shall be fully protected in, and shall incur no liability to the any Borrower for, acting upon any Instructions or any oral, written, telephone, teleprocess, electronic, or other amendments thereto which Chase in good faith believes to have been given by any Authorized Personauthorized person, and in no event shall Chase be liable for special, consequential, or punitive damages. Chase may, at its option, use any means of verifying any Instruction received by it. Chase also may, at its option, refuse to act upon any instruction or other communication or any partpart thereof, thereof; without incurring any responsibility for any loss, liability or expense arising out of such refusal. All such authorizations and instructions shall continue in full force and effect unless Chase may elect to act upon additional instructions delivered to it by the applicable Borrower prior to the issuance of a Letter of Credit in reliance upon the original Instructionsinstructions.

Appears in 1 contract

Samples: Credit Agreement (Biscayne Apparel Inc /Fl/)

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Instructions; No Liability. Instructions may be honored by Chase when received from anyone purporting to be an Authorized Person. The Borrower may furnish Chase with written confirmation of any such Instructioninstruction, but Chase's responsibility with respect to any Instruction instruction shall not be affected by its failure to receive or the content of such confirmation. Chase shall have no responsibility to notify the Borrower of any discrepancies between the Borrower's instructions and its written confirmation, and in the event of any such discrepancy, the original Instruction instruction shall govern. Chase shall be fully protected in, and shall incur no liability to the Borrower for, acting upon any Instructions instructions or any oral, written, telephone, teleprocess, electronic, or other amendments thereto which Chase in good faith believes to have been given by any Authorized Person, and in no event shall Chase be liable for special, consequential, or punitive damages. Chase may, at its option, use any means of verifying any Instruction instruction received by it. Chase also may, at its option, refuse to act upon any instruction or other communication or any partpart thereof, thereof; without incurring any responsibility for any loss, liability or expense arising out of such refusal. All such authorizations and instructions shall continue in full force and effect unless Chase may elect to act upon additional instructions delivered to it by the Borrower prior to the issuance of a Letter of Credit in reliance upon the original Instructionsinstructions.

Appears in 1 contract

Samples: Credit Agreement (Boundless Corp)

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