Common use of No Liability of Agent Clause in Contracts

No Liability of Agent. The Agent shall have no responsibility or liability to the Borrower on account of the failure of any Lender to perform its obligations hereunder (unless such failure was caused, in whole or in part, by the Agent’s failure to observe or perform its obligations hereunder), or to any Lender on account of the failure of the Borrower or any Lender to perform its obligations hereunder.

Appears in 14 contracts

Samples: Credit Agreement (Hammerhead Energy Inc.), Credit Agreement (Enbridge Inc), Credit Agreement (Enbridge Inc)

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No Liability of Agent. The Agent shall have no responsibility or liability to the Borrower Borrowers on account of the failure of any Lender to perform its obligations hereunder (unless such failure was caused, in whole or in part, by the Agent’s failure to observe or perform its obligations hereunder), or to any Lender on account of the failure of the a Borrower or any Lender to perform its obligations hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.), Credit Facilities (Baytex Energy Corp.)

No Liability of Agent. The Agent shall have no responsibility or liability to the Borrower on account of the failure of any Lender to perform its obligations hereunder or under any other Document (unless such failure was caused, in whole or in part, by the Agent’s failure to observe or perform its obligations hereunderhereunder or under such other Document (as applicable)), or to any Lender on account of the failure of the Borrower or any Lender to perform its obligations hereunderhereunder or under any other Document.

Appears in 3 contracts

Samples: Credit Agreement (Greenfire Resources Ltd.), Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.)

No Liability of Agent. The Agent shall have no responsibility or liability to the Borrower on account of the failure of any Lender to perform its obligations hereunder (unless such failure was caused, in whole or in part, by the Agent’s 's failure to observe or perform its obligations hereunder), or to any Lender on account of the failure of the Borrower or any Lender to perform its obligations hereunder.

Appears in 3 contracts

Samples: Credit Facilities (Hammerhead Energy Inc.), Credit Agreement (Nova Chemicals Corp /New), Credit Agreement (Baytex Energy Corp.)

No Liability of Agent. The Agent shall have no responsibility or liability to the Borrower on account of the failure of any Lender to perform its obligations hereunder (unless such failure was caused, in whole or in part, by the Agent’s failure to observe gross negligence or perform its obligations hereunderwilful misconduct), or to any Lender on account of the failure of the Borrower or any Lender to perform its obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Bellatrix Exploration Ltd.), Credit Agreement (Bellatrix Exploration Ltd.)

No Liability of Agent. The Agent shall have no responsibility or liability to the Borrower Borrowers on account of the failure of any Lender to perform its obligations hereunder (unless such failure was caused, in whole or in part, by the Agent’s 's failure to observe or perform its obligations hereunder), or to any Lender on account of the failure of the a Borrower or any Lender to perform its obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.)

No Liability of Agent. The Agent shall have no responsibility or liability to the Borrower on account of the failure of any Lender to perform its obligations hereunder (unless such failure was caused, in whole or in part, by the Agent’s failure to observe 's gross negligence or perform its obligations hereunderwilful misconduct), or to any Lender on account of the failure of the Borrower or any Lender to perform its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Bellatrix Exploration Ltd.)

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No Liability of Agent. The Agent shall have no responsibility or liability to the Borrower Borrowers on account of the failure of any Lender to perform its obligations hereunder (unless such failure was caused, in whole or in part, by the Agent’s failure to observe or perform its obligations hereunder), or to any Lender on account of the failure of the Borrower Borrowers or any Lender to perform its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Enerflex Ltd.)

No Liability of Agent. The Agent shall have no responsibility or liability to the Borrower Borrowers or any of them on account of the failure of any Lender to perform its obligations hereunder (unless such failure was caused, in whole or in part, by the Agent’s failure to observe or perform its obligations hereunder), or to any Lender on account of the failure of either of the Borrower Borrowers or any Lender to perform its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Intier Automotive Inc)

No Liability of Agent. The Agent shall have no responsibility or liability to the Borrower on account of the failure of any Lender to perform its obligations hereunder (unless such failure was caused, in whole or in part, by the Agent’s failure to observe 's gross negligence or perform its obligations hereunderwilful misconduct as determined by a court of competent jurisdiction in a final, non-appealable judgment), or to any Lender on account of the failure of the Borrower Borrower, any other Loan Party, any Other Guarantor or any Lender to perform its obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

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