Common use of Liability for Damages Clause in Contracts

Liability for Damages. Nothing in this Section shall preclude the Borrower or any Lender from asserting against any LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower or such Lender to the extent, but only to the extent, caused by (A) the willful misconduct or gross negligence of such LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (B) such LC Issuing Bank's failure to pay under any such Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section shall preclude the Borrower or any Lender Bank from asserting against any LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower or such Lender Bank to the extent, but only to the extent, caused by (Ai) the willful misconduct or gross negligence of such LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (Bii) such LC Issuing Bank's failure to pay under any such Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section shall preclude the Borrower or any RL Lender from asserting against any LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower or such RL Lender to the extent, but only to the extent, caused by (A) the willful misconduct or gross negligence of such LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (B) such LC Issuing Bank's failure to pay under any such Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section shall preclude the Borrower or any Lender from asserting against any LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower or such Lender to the extent, but only to the extent, caused by (A) the willful misconduct or gross negligence of such LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (B) such LC Issuing Bank's ’s failure to pay under any such Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section shall preclude the Borrower or any Lender Bank from asserting against any LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower or such Lender Bank to the extent, but only to the extent, caused by (A) the willful misconduct or gross negligence of such LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (B) such LC Issuing Bank's failure to pay under any such Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section 2.05 shall preclude the Borrower Borrowers or any Lender from asserting against any LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower Borrowers or such Lender to the extent, but only to the extent, caused by (Ai) the willful misconduct or gross negligence of such LC Issuing Bank or its directors, officers, employees or agents in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (Bii) such LC Issuing Bank's failure to pay under any such Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section 2.05 shall preclude the Borrower Borrowers or any Lender from asserting against any LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower Borrowers or such Lender to the extent, but only to the extent, caused by (Ai) the willful misconduct or gross negligence of such LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (Bii) such LC Issuing Bank's failure to pay under any such Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section shall preclude the Borrower or any Revolving Lender from asserting against any the LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower or such Revolving Lender to the extent, but only to the extent, caused by (Ai) the willful misconduct or gross negligence of such the LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (Bii) such the LC Issuing Bank's failure to pay under any such Letter of Credit issued by it after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section shall preclude the Borrower or any Lender from asserting against any LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower or such Lender to the extent, but only to the extent, caused by (Ai) the willful misconduct or gross negligence of such LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (Bii) such LC Issuing Bank's failure to pay under any such Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section 2.06 shall preclude the Borrower or any Lender from asserting against any LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower or such Lender to the extent, but only to the extent, caused by (Ai) the willful misconduct or gross negligence of such LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (Bii) such LC Issuing Bank's failure to pay under any such Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section shall preclude the Borrower or any Revolving Credit Lender from asserting against any LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower or such Revolving Credit Lender to the extent, but only to the extent, caused by (Ai) the willful misconduct or gross negligence of such LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (Bii) such LC Issuing Bank's failure to pay under any such Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section section shall preclude the any Requesting Borrower or any Lender Bank from asserting against any LC Issuing Bank any claim for direct (but not consequential) damages suffered by the such Requesting Borrower or such Lender Bank to the extent, but only to the extent, caused by (A) the willful misconduct or gross negligence of such LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (B) such LC Issuing Bank's failure to pay under any such Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions thereof.

Liability for Damages. Nothing in this Section shall preclude the Borrower or any Lender from asserting against any the LC Issuing Bank any claim for direct (but not consequential) damages suffered by the Borrower or such Lender to the extent, but only to the extent, caused by (A) the willful misconduct or gross negligence of such the LC Issuing Bank in determining whether a request presented under any Letter of Credit issued by it complied with the terms thereof or (B) such the LC Issuing Bank's failure to pay under any such Letter of Credit after the presentation to it of a request strictly complying with the terms and conditions thereof.