Common use of Legal Incapacity Clause in Contracts

Legal Incapacity. The client is liable for any damage resulting from his incapacity to act provided that such incapacity to act was not apparent to the Bank on exercising the degree of due care usual in banking transactions. The client is liable in all cases for any damage or loss resulting from incapacity on the part of his authorised agent or other third party.

Appears in 4 contracts

Samples: Credit Agreement (RBC Bearings INC), Loan Agreement (Natural Alternatives International Inc), Framework Agreement for Credit Products (Hardinge Inc)

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