Common use of Liability of Lender to Third Parties Clause in Contracts

Liability of Lender to Third Parties. The Lender shall in no event be responsible or liable to any person other than the Borrower and Guarantor for its disbursement of or failure to disburse the funds or any part thereof, and others shall not have any claim or right against the Lender under this Agreement or the Lender's administration thereof. Section 9.4.

Appears in 2 contracts

Samples: Loan Agreement and Security Agreement (Transit Group Inc), Loan Agreement and Security Agreement (Transit Group Inc)

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Liability of Lender to Third Parties. The Lender shall in no event be responsible or liable to any person other than the Borrower and Guarantor for its disbursement of or failure to disburse the funds or any part thereof, and others shall not have any claim or right against the Lender under this Agreement or the Lender's administration thereof. Section 9.4.

Appears in 2 contracts

Samples: Credit Agreement (Transit Group Inc), Credit Agreement (Transit Group Inc)

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