Common use of LIMITATIONS ON RESPONSIBILITY Clause in Contracts

LIMITATIONS ON RESPONSIBILITY. The Agent shall have no responsibility to any Security Party or to any Lender on account of: 15.7.1 the failure of a Lender or of any Security Party to perform any of its obligations under a Finance Document; nor 15.7.2 the financial condition of any Security Party; nor 15.7.3 the completeness or accuracy of any statements, representations or warranties made in or pursuant to any Finance Document, or in or pursuant to any document delivered pursuant to or in connection with any Finance Document; nor 15.7.4 the negotiation, execution, effectiveness, genuineness, validity, enforceability, admissibility in evidence or sufficiency of any Finance Document or of any document executed or delivered pursuant to or in connection with any Finance Document.

Appears in 12 contracts

Samples: Secured Loan Agreement (Diana Shipping Inc.), Secured Facility Agreement, Loan Agreement

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LIMITATIONS ON RESPONSIBILITY. The Agent shall have no responsibility to any Security Party or to any Lender on account of: 15.7.1 the failure of a Lender or of any Security Party or to the Swap Provider to perform any of its obligations under a Finance Document; nor 15.7.2 the financial condition of any Security Party; nor 15.7.3 the completeness or accuracy of any statements, representations or warranties made in or pursuant to any Finance Document, or in or pursuant to any document delivered pursuant to or in connection with any Finance Document; nor 15.7.4 the negotiation, execution, effectiveness, genuineness, validity, enforceability, admissibility in evidence or sufficiency of any Finance Document or of any document executed or delivered pursuant to or in connection with any Finance Document.

Appears in 3 contracts

Samples: Facility Agreement (Teekay Corp), Facility Agreement (Teekay Tankers Ltd.), Facility Agreement (Teekay Corp)

LIMITATIONS ON RESPONSIBILITY. The Agent shall have no responsibility to any Security Party or to any Lender on account of: 15.7.1 15.13.1 the failure of a Lender or of any Security Party to perform any of its obligations under a Finance Document; nor 15.7.2 15.13.2 the financial condition of any Security Party; nor 15.7.3 15.13.3 the completeness or accuracy of any statements, representations or warranties made in or pursuant to any Finance Document, or in or pursuant to any document delivered pursuant to or in connection with any Finance Document; nor 15.7.4 15.13.4 the negotiation, execution, effectiveness, genuineness, validity, enforceability, admissibility in evidence or sufficiency of any Finance Document or of any document executed or delivered pursuant to or in connection with any Finance Document.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Facility Agreement, Loan Agreement

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LIMITATIONS ON RESPONSIBILITY. The Agent shall have no responsibility to any Security Party or to any Lender on account of: 15.7.1 1. the failure of a Lender or of any Security Party to perform any of its obligations under a Finance Document; nor 15.7.2 2. the financial condition of any Security Party; nor 15.7.3 3. the completeness or accuracy of any statements, representations or warranties made in or pursuant to any Finance Document, or in or pursuant to any document delivered pursuant to or in connection with any Finance Document; nor 15.7.4 4. the negotiation, execution, effectiveness, genuineness, validity, enforceability, admissibility in evidence or sufficiency of any Finance Document or of any document executed or delivered pursuant to or in connection with any Finance Document.

Appears in 1 contract

Samples: Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.)

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