Common use of Limitations on 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 10 contracts

Samples: Secured Loan Agreement (DHT Holdings, Inc.), Secured Loan Agreement (Diana Shipping Inc.), Secured Loan Agreement (Baltic Trading LTD)

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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 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 4 contracts

Samples: Secured Term Loan Facility Agreement (Teekay Tankers Ltd.), Secured Loan Agreement (Teekay LNG Partners L.P.), Senior Secured Revolving Credit Facility Agreement (Teekay Offshore Partners L.P.)

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; nornor \P1\3549672.7 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 1 contract

Samples: Loan Agreement (Teekay Shipping Corp)

Limitations on. responsibility The Agent shall have no responsibility to any Security Party or to any Lender on account of: 15.7.1 15.8.1 the failure of a Lender or of any Security Party to perform any of its obligations under a Finance Document; nor 15.7.2 15.8.2 the financial condition of any Security Party; nor 15.7.3 15.8.3 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 15.8.4 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 Credit Facility (Teekay Offshore Partners L.P.)

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Limitations on. responsibility 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 1 contract

Samples: Loan Agreement

Limitations on. responsibility The Agent shall have no responsibility to any Security Party or to any Lender Creditor Party on account of: 15.7.1 17.7.1 the failure of a Lender Creditor Party or of any Security Party to perform any of its obligations under a Finance Creditor Document; nor 15.7.2 17.7.2 the financial condition of any Security Party; nor 15.7.3 17.7.3 the completeness or accuracy of any statements, representations or warranties made in or pursuant to any Finance Creditor Document, or in or pursuant to any document delivered pursuant to or in connection with any Finance Creditor Document; nor 15.7.4 17.7.4 the negotiation, execution, effectiveness, genuineness, validity, enforceability, admissibility in evidence or sufficiency of any Finance Creditor Document or of any document executed or delivered pursuant to or in connection with any Finance Creditor Document.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

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