Common use of Lender Responsibility Clause in Contracts

Lender Responsibility. It is expressly understood and agreed that Lender assumes no liability or responsibility for the sufficiency of Project Loan proceeds to complete the related Project, for protection of any Project, for the satisfactory completion of any Project, for inspection during construction, for the adequacy of the Contingency Reserve, for the adequacy or accuracy of any Sworn Construction Cost Statement, for any representations made by Borrower, or for any acts on the part of Borrower or its Contractors to be performed in the construction of any Project.

Lender Responsibility. It is expressly understood and agreed that Lender assumes no liability or responsibility for the sufficiency of Project the Loan proceeds to complete the related Project, for protection of any the Project, for the satisfactory completion of any the Project, for inspection during construction, for the adequacy of the Contingency ReserveReserves, for the adequacy or accuracy of any the Sworn Construction Cost Statement, for any representations made by Borrower, or for any acts on the part of Borrower or its Contractors contractors to be performed in the construction of any the Project.