Limitation of Lender Liability. Except in the case of their intentional malfeasance or gross negligence, neither Lender nor its partners, employees, agents, representatives, or nominees shall be liable for any loss incurred by Pledgor arising out of any act or omission of Lender, its partners, employees, agents, representatives or nominees, with respect to the care, custody or preservation of the Pledged Securities.
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Samples: Pledge and Security Agreement (Dynagen Inc), Pledge and Security Agreement (Culp Clyde E Iii), Pledge and Security Agreement (Feltman John D)
Limitation of Lender Liability. Except in the case of their intentional malfeasance wilful misrepresentation or gross negligence, neither Lender nor its partnersofficers, employees, agents, representatives, or nominees shall be liable for any loss incurred by Pledgor arising out of any act or omission of Lender, its partnersofficers, employees, agents, representatives or nominees, with respect to the care, custody or preservation of the Pledged Securities.
Appears in 2 contracts
Samples: Pledge and Security Agreement (American International Petroleum Corp /Nv/), Pledge and Security Agreement (Donini Inc)
Limitation of Lender Liability. Except in the case of their intentional malfeasance wilful misconduct or gross negligence, neither Lender nor its partnersofficers, employees, agents, representatives, representatives or nominees shall be liable for any loss incurred by Pledgor arising out of any act or omission of Lender, its partnersofficers, employees, agents, representatives or nominees, with respect to the care, custody or preservation of the Pledged Securities.
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