Common use of Liability of Issuing Banks Clause in Contracts

Liability of Issuing Banks. 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. No Issuing Bank, nor any other Bank, nor any of their respective officers or directors shall be liable or responsible for:

Appears in 11 contracts

Samples: Pledge and Security Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties)

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Liability of Issuing Banks. 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. No Issuing Bank, nor any other Bank, Bank nor any of their respective its officers or directors shall be liable or responsible for:

Appears in 6 contracts

Samples: Credit Agreement (Arkansas Best Corp /De/), Security Agreement (Arkansas Best Corp /De/), Credit Agreement (Arkansas Best Corp /De/)

Liability of Issuing Banks. 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. No Issuing Bank, nor any other BankLender, nor any of their respective officers or directors shall be liable or responsible for:

Appears in 5 contracts

Samples: Secured Credit Agreement (Interstate Hotels & Resorts Inc), Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc), Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc)

Liability of Issuing Banks. 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. No Issuing Bank, nor any other Bank, nor any of their respective officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (American General Hospitality Corp)

Liability of Issuing Banks. 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. No Issuing Bank, nor any other Bank, nor any of their respective officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (American General Hospitality Corp)

Liability of Issuing Banks. 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. No Issuing Bank, nor any other Bank, nor any of their respective officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (Lasalle Hotel Properties)

Liability of Issuing Banks. 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. No Issuing Bank, nor any other Bank, Bank nor any of their respective its officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Management Agreement (American General Hospitality Corp)

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Liability of Issuing Banks. 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. No Issuing Bank, nor any other Bank, Bank nor any of their respective its officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (Arkansas Best Corp /De/)

Liability of Issuing Banks. 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. No Issuing Bank, nor any other BankLender, nor any of their respective officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Credit Agreement (Meristar Hospitality Corp)

Liability of Issuing Banks. 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. No Issuing Bank, nor any other BankLender, nor any of their respective officers or directors shall be liable or responsible for:

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Meristar Hotels & Resorts Inc)

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