Common use of Limitation of Liability With Respect to Letters of Credit Clause in Contracts

Limitation of Liability With Respect to Letters of Credit. As among the Borrower, any Guarantors, the Lenders, and the Administrative Agent, the Borrower and the Guarantors assume all risks of the acts and omissions of, or misuse of any Letter of Credit by the beneficiaries of such Letter of Credit. Without limiting the foregoing, neither the Administrative Agent nor the Lenders shall be responsible for:

Appears in 2 contracts

Samples: Credit Agreement (Office Depot Inc), Contribution Agreement (Planet Hollywood International Inc)

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Limitation of Liability With Respect to Letters of Credit. As among the Borrower, any Guarantors, the Agent and the Lenders, and the Administrative Agent, the Borrower and the Guarantors assume assumes all risks of the acts and omissions of, or misuse of any Letter of Credit by by, the beneficiaries of such Letter of Credit. Without limiting the foregoing, neither the Administrative Agent nor the Lenders any Lender shall be responsible for:

Appears in 1 contract

Samples: Credit Agreement (Pico Holdings Inc /New)

Limitation of Liability With Respect to Letters of Credit. (i) As among the BorrowerCompany, any the Guarantors, the Lenders, and the Administrative Agent, the Borrower Issuer and the Lenders, the Company and the Guarantors assume all risks of the acts and omissions of, or misuse of any each Letter of Credit by the beneficiaries of such Letter of Credit. Without limiting the foregoing, neither the Administrative Agent nor Agent, the Issuer and the Lenders shall not be responsible for:(except to the extent that any of the following result from the bad faith or willful misconduct of the Issuer):

Appears in 1 contract

Samples: Credit Agreement (Norrell Corp)

Limitation of Liability With Respect to Letters of Credit. As among the Borrower, any Guarantors, the Lenders, and the Administrative Agent, the Borrower and the Guarantors assume all risks of the acts and omissions of, or misuse of any Letter of Credit by the beneficiaries of such Letter of Credit. Without limiting the foregoing, neither the Administrative Agent nor the Lenders shall be responsible for:

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Planet Hollywood International Inc)

Limitation of Liability With Respect to Letters of Credit. As among the Borrower, any Guarantors, the Lenders, Borrower and the Administrative Agent, the Borrower and the Guarantors assume assumes all risks of the acts and omissions of, or misuse of any Letter of Credit by by, the beneficiaries of such Letter of Credit. Without limiting the foregoing, neither the Administrative Agent nor the Lenders any Lender shall not be responsible for:

Appears in 1 contract

Samples: Credit Agreement (Creative Host Services Inc)

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Limitation of Liability With Respect to Letters of Credit. (a) As among the Borrower, any Guarantors, the Lenders, the Agent and the Administrative AgentLetter of Credit Issuers, the Borrower and the Guarantors assume assumes all risks of the acts and omissions of, or misuse of any Letter of Credit by the beneficiaries of such Letter of Credit. Without limiting the foregoing, neither the Administrative Agent nor Agent, the Letter of Credit Issuers and the Lenders shall not be responsible for:

Appears in 1 contract

Samples: Credit Agreement (King Pharmaceuticals Inc)

Limitation of Liability With Respect to Letters of Credit. (a) As among the Borrower, any GuarantorsBorrowers, the LendersBanks, the Letter of Credit Banks, and the Administrative Agent, the Borrower and the Guarantors Borrowers assume all risks of the acts and omissions of, or misuse of any Letter of Credit by the beneficiaries of such Letter of Credit. Without limiting the foregoing, neither the Administrative Banks, the Letter of Credit Banks and the Agent nor the Lenders shall not be responsible for:

Appears in 1 contract

Samples: Credit Agreement (Covenant Transport Inc)

Limitation of Liability With Respect to Letters of Credit. As between or among the Borrower, any Guarantors, the Agent and the Lenders, and the Administrative Agent, the Borrower and the Guarantors assume all risks of the acts and omissions of, or misuse of any Letter of Credit by by, the beneficiaries of such Letter of Credit. Without limiting the foregoing, neither the Administrative Agent nor the Lenders any Lender shall not be responsible for:

Appears in 1 contract

Samples: Credit Agreement (Dana Holding Corp)

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