Common use of Liability of Issuing Bank Clause in Contracts

Liability of Issuing Bank. The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither the Issuing Bank nor any of its officers or directors shall be liable or responsible for:

Appears in 27 contracts

Samples: Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.), Credit Agreement (Quintana Energy Services Inc.)

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Liability of Issuing Bank. The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither the No Issuing Bank nor any of its officers or directors shall be liable or responsible for:

Appears in 8 contracts

Samples: Credit Agreement (HF Sinclair Corp), Credit Agreement (Holly Energy Partners Lp), Credit Agreement (Holly Energy Partners Lp)

Liability of Issuing Bank. The Each Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither the Issuing Bank nor any of its officers or directors shall be liable or responsible for:

Appears in 8 contracts

Samples: Credit Agreement (Vantage Drilling CO), Credit Agreement (Vantage Drilling CO), Credit Agreement (MxEnergy Holdings Inc)

Liability of Issuing Bank. The Borrower assumes Borrowers assume all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its their use of such Letter of Credit. Neither the Issuing Bank nor any of its officers or directors shall be liable or responsible for:

Appears in 3 contracts

Samples: Credit Agreement (CorEnergy Infrastructure Trust, Inc.), Credit Agreement (CorEnergy Infrastructure Trust, Inc.), Credit Agreement (CorEnergy Infrastructure Trust, Inc.)

Liability of Issuing Bank. The Borrower assumes and the Guarantors assume all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither the Issuing Bank nor any of its officers or directors shall be liable or responsible for:

Appears in 2 contracts

Samples: Credit Agreement (Crosstex Energy Lp), Credit Agreement (Crosstex Energy Lp)

Liability of Issuing Bank. The Each Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither the any Issuing Bank nor any of its officers or directors shall be liable or responsible for:

Appears in 2 contracts

Samples: Credit Agreement (Global Industries LTD), Credit Agreement (Global Industries LTD)

Liability of Issuing Bank. The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither the Issuing Bank Lender, the Lenders, nor any of its their respective officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (Pioneer Drilling Co)

Liability of Issuing Bank. The Borrower assumes all risks of the ------------------------- acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither the Issuing Bank nor any of its officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (Varco International Inc /De/)

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Liability of Issuing Bank. The Except as otherwise provided herein, the Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither the Issuing Bank nor any of its officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (Equity Corp International)

Liability of Issuing Bank. The Borrower assumes Borrowers assume all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither the any Issuing Bank nor any of its officers or directors shall be liable for or responsible for:

Appears in 1 contract

Samples: Assignment Agreement (Cooper Cameron Corp)

Liability of Issuing Bank. The Each Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither None of the Issuing Bank Banks nor any of its their respective officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (Vantage Drilling CO)

Liability of Issuing Bank. The Borrower assumes all risks of the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its use of such Letter of Credit. Neither the such Issuing Bank nor any of its officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (Living Centers of America Inc)

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