Common use of INVOLUNTARY LOSS Clause in Contracts

INVOLUNTARY LOSS. The Bank shall not be answerable for any involuntary loss happening in or about the exercise or execution of any power, right, privilege and remedy conferred on the Bank by this Agreement, and the other Security Documents or by law.

Appears in 4 contracts

Samples: Asset Purchase Agreement, Asset Sale Agreement, Murabahah Facility Agreement

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INVOLUNTARY LOSS. The Bank shall will not be answerable for any involuntary loss happening in or about that may be suffered by the exercise or execution Customer as a result of any power, right, privilege and remedy conferred on the Bank exercising any of its powers, rights, privileges or remedies conferred upon it by this Agreement, Agreement and the other Security Documents or by law, except to the extent such loss is directly caused by the Bank’s wilful default or gross negligence.

Appears in 2 contracts

Samples: Murabaha Facility Agreement, Murabahah Facility Agreement

INVOLUNTARY LOSS. The Bank shall not be answerable for any involuntary loss happening in or about the exercise or execution of any power, right, privilege and remedy conferred on the Bank by this Agreement, and the other Security Documents Charge or by law.

Appears in 2 contracts

Samples: Charge Agreement, Loan Agreement

INVOLUNTARY LOSS. The Bank shall not be answerable for any involuntary loss happening in suffered by Customer(s) as a result of or about incidental to the exercise or execution of any power, right, privilege and remedy conferred on the Bank by this Agreement, and the other Security Documents or by lawlaw and nothing herein contained shall render it obligatory on the Bank either at law or in equity to make good any such involuntary loss or any part thereof.

Appears in 1 contract

Samples: Property Sale Agreement

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INVOLUNTARY LOSS. The Bank shall not be answerable for any involuntary loss happening in to the Customer suffered as a result of or about incidental to, the exercise or execution by the Bank of any power, right, privilege and remedy power conferred on the Bank by this Agreement, and the other Transaction Documents and/or the Security Documents or by lawstatute, and nothing herein contained shall render it obligatory on the Bank either at law or in equity to make good any such involuntary loss or any part thereof.

Appears in 1 contract

Samples: Loan Agreement

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