Liability of Banks. The Junior Secured Creditor, on behalf of itself and the Holders, agrees that no Bank shall have any liability for any action taken or omitted to be taken by any of them with respect to any Collateral or any Lien thereon or any matter arising out of or in connection with this Agreement, except for liability arising directly from such Bank's gross negligence or willful misconduct, as determined in a final non-applicable order of a court of competent jurisdiction.
Liability of Banks. 13 4.04. Further Assurances.................................................14 Section 5. Changes of Collateral Agent........................................14 5.01. Replacement by Bank Representative.................................14 5.02. Replacement by Trustee.............................................14 Section 6. Miscellaneous......................................................14
Liability of Banks. Withdrawals will be deemed paid by a particular Program Bank when such cash is transmitted by such Program Bank to our account and such Program Bank will be released from all liability for such withdrawn cash once the Program Bank delivers the cash to us. The Program Banks are not responsible for our actions with respect to the Program or otherwise.
Liability of Banks. The Trustee, on behalf of itself and the Holders, agrees that no Bank (nor any agent or representative on their behalf) shall have any liability for any action taken or omitted to be taken by any of them with respect to any Collateral or any Lien thereon or any matter arising out of or in connection with this Agreement, except for their own gross negligence or willful misconduct.
Liability of Banks. The bank shall take care includes ensuring proper functioning of the locker system, guarding against unauthorized access to the lockers and providing appropriate safeguards against theft and robbery. Further, branch shall adhere to the Master Directions on Frauds for reporting requirements about the instances of robberies, dacoities, thefts and burglaries.
Liability of Banks. 52 SECTION 10.04
Liability of Banks. 18 9.04. Further Assurances................................................ 18 Section 10. Miscellaneous................................................. 18
Liability of Banks. Borrower, to the extent permitted by applicable law, assumes all risks of the acts or omissions of the applicable Trustee and any beneficiary or transferee of the Bond Letters of Credit with respect to its use of the Bond Letters of Credit. Neither Banks nor any of their officers, directors, employees, agents or consultants shall be liable or responsible for:
Liability of Banks. 18 9.04. Further Assurances . . . . . . . . . . . . . . . . . . . . . . . 18 Section 10. Miscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . 18
Liability of Banks. The banks shall put in place a detailed Board approved policy outlining the responsibility owed by them for any loss or damage to the contents of the lockers due to their negligence as banks owe a separate duty of care to exercise due diligence in maintaining and operating their locker or safety deposit systems. The duty of care includes ensuring proper functioning of the locker system, guarding against unauthorized access to the lockers and providing appropriate safeguards against theft and robbery. Further, banks shall adhere to the Master Directions on Frauds for reporting requirements about the instances of robberies, dacoities, thefts and burglaries.
