Common use of Limitation of Administrative Agents Liability Clause in Contracts

Limitation of Administrative Agents Liability. (a) Neither Administrative Agent nor any of its Representatives will be liable for any action taken or omitted to be taken by it or them under the Loan Papers in good faith and believed by it or them to be within the discretion or power conferred upon it or them by the Loan Papers or be responsible for the consequences of any error of judgment (except for fraud, gross negligence or willful misconduct), and neither Administrative Agent nor any of its Representatives has a fiduciary relationship with any Lender by virtue of the Loan Papers (but nothing in this Agreement negates the obligation of Administrative Agent to account for funds received by it for the account of any Lender).

Limitation of Administrative Agents Liability. (a) Neither Administrative Agent nor any of its Representatives will shall be liable for any action taken or omitted to be taken by it or them under the Loan Papers Documents in good faith and believed by it or them to be within the discretion or power conferred upon it or them by the Loan Papers Documents or be responsible for the consequences of any error of judgment (or negligence, except for fraud, gross negligence or willful misconduct), and neither Administrative Agent nor any of its Representatives has a fiduciary relationship with any Lender by virtue of the Loan Papers Documents (but provided that nothing in this Agreement negates herein shall negate the obligation of Administrative Agent to account for funds received by it for the account of any Lender).

Limitation of Administrative Agents Liability. (ai) Neither Administrative Agent nor any of its Representatives will be liable for any action taken or omitted to be taken by it or them under the Loan Papers in good faith and believed by it or them to be within the discretion or power conferred upon it or them by the Loan Papers or be responsible for the consequences of any error of judgment (except for fraud, gross negligence or willful misconduct), and neither Administrative Agent nor any of its Representatives has a fiduciary relationship with any Lender by virtue of the Loan Papers (but nothing in this Agreement negates the obligation of Administrative Agent to account for funds received by it for the account of any Lender).