Limitation on Liability of Directors, Officers, Employees, and Agents of a Party. No director, officer, employee, or agent of any party of this Agreement shall be individually liable to any other party for the taking of any action, or for refraining to take any action, in good faith pursuant to this Agreement. This Agreement is a corporate obligation and any liability arising hereunder shall be a corporate liability.
Appears in 2 contracts
Samples: Loan Purchase and Sale Agreement (First Marblehead Corp), Loan Purchase and Sale Agreement (First Marblehead Corp)
Limitation on Liability of Directors, Officers, Employees, and Agents of a Party. No director, officer, employee, agent or agent governmental official of any party of to this Agreement shall be individually liable to any other party for the taking of any action, or for refraining to take any action, in good faith pursuant to this Agreement. This Agreement is a corporate obligation and any liability arising hereunder shall be a corporate liability, or for errors in judgment.
Appears in 1 contract
Limitation on Liability of Directors, Officers, Employees, and Agents of a Party. No director, officer, employee, or agent of any party of this Agreement shall be individually liable to any other party for the taking of any action, or for refraining to take any action, in good faith pursuant to this Agreement. This The Agreement is a corporate obligation and any liability arising hereunder shall be a corporate liability.
Appears in 1 contract
Samples: Loan Purchase and Sale Agreement (First Marblehead Corp)
