Common use of Limitation of Bank's Liability Clause in Contracts

Limitation of Bank's Liability. The Bank shall not be liable for or prejudiced by any loss, depreciation or other damage to Accounts or other Collateral unless caused by the Bank's willful and malicious act, and the Bank shall have no duty to take any action to preserve or collect any Account or other Collateral.

Limitation of Bank's Liability. The Bank shall not be liable for or prejudiced by any loss, depreciation or other damage to Accounts or other Collateral unless caused by the Bank's willful and malicious act, and and, to the extent permitted by applicable law, Bank shall have no duty to take any action to preserve or collect any Account or other Collateral.

Limitation of Bank's Liability. The Bank shall not be liable for or prejudiced by any loss, depreciation or other damage to Accounts or other Collateral unless caused by the Bank's gross negligence, recklessness, or willful and malicious act, and the Bank shall have no duty to take any action to preserve or collect any Account or other Collateral.

Limitation of Bank's Liability. The Bank shall not be liable for ------------------------------ or prejudiced by any loss, depreciation or other damage to the Accounts or other Collateral unless caused by the Bank's willful and malicious act, and the Bank shall have no duty to take any action to preserve or collect any Account or other Collateral.

Limitation of Bank's Liability. The Bank shall not be liable for or prejudiced by any loss, depreciation or other damage to Accounts or other Collateral unless caused by the Bank's willful and malicious act, and the Bank shall have no duty to take any action to preserve or collect any Account or other Collateral.