Common use of Liability for Loss in Bank Accounts Clause in Contracts

Liability for Loss in Bank Accounts. Tenant shall bear all losses suffered in any of the Bank Accounts, or in any investment of funds into any such Bank Account, and Manager shall have no liability or responsibility for such losses.

Appears in 2 contracts

Samples: Management Agreement, Hotel and Casino Management Agreement (Harrahs Entertainment Inc)

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Liability for Loss in Bank Accounts. Tenant Owner shall bear all losses suffered in any of the Bank AccountsAccount, or in any investment of funds into in any such Bank Account, and Manager neither Operator nor its Affiliates shall have no any liability or responsibility for such losses, except to the extent due to Operator’s Gross Negligence or Willful Misconduct and not otherwise covered under an insurance policy.

Appears in 1 contract

Samples: Operating Agreement (Aspen REIT, Inc.)

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Liability for Loss in Bank Accounts. Tenant Owner shall bear all losses suffered in any of the Bank Accounts, or in any investment of funds into any such Bank Account, and Manager shall have no liability or responsibility for such losses.

Appears in 1 contract

Samples: Hotel and Casino Management Agreement (Caesars Acquisition Co)

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