No Liability for Disbursements. Under no circumstances shall Lender be responsible or liable to any Person, including without limitation Borrower, for or on account of any disbursement of, or failure to disburse, the Loan Proceeds or any part thereof, and neither the General Contractor nor any Subcontractor shall have any right or claim against Lender under this Agreement or in connection with the administration of the Loan. The forgoing shall be in addition to all other limitations on the responsibility and liability of Lender set forth in this Agreement.
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Samples: Construction Loan Agreement (CNL Growth Properties, Inc.), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Construction Loan Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
No Liability for Disbursements. Under no circumstances shall Lender be responsible or liable to any Person, including without limitation Borrowerlimitation, Borrower for or on account of any disbursement of, or the failure to disburse, any of the proceeds of the Loan Proceeds (or any part portion thereof, and neither the General Contractor nor any Subcontractor shall have any right or claim against Lender under this Agreement or in connection with the administration of the Loan). The forgoing foregoing shall be in addition to all other limitations on the responsibility and liability of Lender set forth in this Agreement.
Appears in 1 contract
Samples: Construction Loan Agreement
No Liability for Disbursements. Under no circumstances shall Lender be responsible or liable to any Person, including without limitation other than Borrower, for or on account of any disbursement of, or failure to disburse, the Loan Proceeds or any part thereof, and neither the General Contractor nor any Subcontractor shall have any right or claim against Lender under this Agreement or in connection with the administration of the Loan. The forgoing shall be in addition to all other limitations on the responsibility and liability of Lender set forth in this Agreement.
Appears in 1 contract
Samples: Construction Loan Agreement (Sentio Healthcare Properties Inc)
No Liability for Disbursements. Under no circumstances shall Lender be responsible or liable to any Person, including without limitation Borrowerlimitation, Borrower for or on account of any disbursement of, or the failure to disburse, any of the Loan Proceeds proceeds of the Loans (or any part portion thereof, and neither the General Contractor nor any Subcontractor shall have any right or claim against Lender under this Agreement or in connection with the administration of the Loan). The forgoing foregoing shall be in addition to all other limitations on the responsibility and liability of Lender set forth in this Agreement.
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No Liability for Disbursements. Under no circumstances shall Lender be responsible or liable to any Person, including without limitation any Borrower, for or on account of any disbursement Disbursement of, or failure to disburse, the Loan Proceeds or any part thereof, and neither the General Contractor nor any Subcontractor shall have any right or claim against Lender under this Agreement or in connection with the administration of the Loan. The forgoing shall be in addition to all other limitations on the responsibility and liability of Lender set forth in this Agreement.
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