Common use of Limitations of Liability of Creditors Clause in Contracts

Limitations of Liability of Creditors. None of the Creditors shall be under any liability or responsibility whatsoever: (a) to the Borrower or any other person or entity as a consequence of any failure or delay in performance by, or any breach by, any other Creditor or any other person of any of its or their respective obligations under this Agreement or under the other Transaction Documents; (b) to any other Creditor as a consequence of any failure or delay in performance by, or any breach by, the Borrower of any of its respective obligations under this Agreement or under the other Transaction Documents; or (c) to any other Creditor for any statements, representations or warranties contained in this Agreement or in any document or instrument delivered in connection with the transactions hereby contemplated; or for the validity, effectiveness, enforceability or sufficiency of this Agreement, the other Transaction Documents or any document or instrument delivered in connection with the transactions hereby contemplated.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Facility Agreement (OSG America L.P.), Senior Secured Revolving Credit Facility Agreement (OSG America L.P.)

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Limitations of Liability of Creditors. None of the Creditors shall be under any liability or responsibility whatsoever: (a) : to the any Borrower or any other person or entity as a consequence of any failure or delay in performance by, or any breach by, any other Creditor or any other person of any of its or their respective obligations under this Agreement or under the other Transaction Documents; (b) Notes; to any other Creditor as a consequence of any failure or delay in performance by, or any breach by, the any Borrower of any of its respective obligations under this Agreement or under the other Transaction DocumentsNotes; or (c) or to any other Creditor for any statements, representations or warranties contained in this Agreement or in any document or instrument delivered in connection with the transactions hereby contemplated; or for the validity, effectiveness, enforceability or sufficiency of this Agreement, the other Transaction Documents or any document or instrument delivered in connection with the transactions hereby contemplated.

Appears in 1 contract

Samples: Credit Agreement (Overseas Shipholding Group Inc)

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Limitations of Liability of Creditors. None of the Creditors shall be under any liability or responsibility whatsoever: (a) to the any Borrower or any other person or entity as a consequence of any failure or delay in performance by, or any breach by, any other Creditor or any other person of any of its or their respective obligations under this Agreement or under the other Transaction Documents; Notes; (b) to any other Creditor as a consequence of any failure or delay in performance by, or any breach by, the any Borrower of any of its respective obligations under this Agreement or under the other Transaction DocumentsNotes; or or (c) to any other Creditor for any statements, representations or warranties contained in this Agreement or in any document or instrument delivered in connection with the transactions hereby contemplated; or for the validity, effectiveness, enforceability or sufficiency of this Agreement, the other Transaction Documents Notes or any document or instrument delivered in connection with the transactions hereby contemplated.

Appears in 1 contract

Samples: Credit Agreement (Overseas Shipholding Group Inc)

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