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

Limitation of Bank's Liability. The rights and benefits of this Agreement shall not inure to the benefit of any third party, except as otherwise provided in this Agreement. Notwithstanding anything to the contrary contained in this Agreement or in any of the other Loan Documents, or any conduct or course of conduct by the Borrower or the Bank or their respective affiliates, agents or employees, neither this Agreement nor any such Loan Documents shall be construed as creating any rights, claims or causes of action against the Bank in favor of any person or entity other than the Borrower.

Appears in 4 contracts

Samples: Loan Agreement (Immucell Corp /De/), Loan Agreement (Immucell Corp /De/), Loan Agreement (Immucell Corp /De/)

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Limitation of Bank's Liability. The rights and benefits of this Agreement shall not inure to the benefit of any third party, except as otherwise provided in this Agreementparagraph 9(e) hereof. Notwithstanding anything to the contrary contained in this Agreement or in any of the other Loan Documents, or any conduct or course of conduct by the Borrower or the Bank or their respective affiliates, agents or employees, neither this Agreement nor any such Loan Documents shall be construed as creating any rights, claims or causes of action against the Bank in favor of any other person or entity other than the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Peoples Educational Holdings)

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