Common use of No Liability of Agent Clause in Contracts

No Liability of Agent. The Agent, in its capacity as agent of the Lenders under the Documents, will have no responsibility or liability to the Borrower or the Lenders on account of the failure of any Lender to perform its obligations hereunder, or to any Lender on account of the failure of the Borrower to perform its obligations under the Documents.

Appears in 8 contracts

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

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No Liability of Agent. The Agent, in its capacity as agent of the Lenders under the DocumentsCredit Facility, will have no responsibility or liability to the Borrower or the Lenders on account of the failure of any Lender to perform its obligations hereunder, or to any Lender on account of the failure of the Borrower to perform its obligations under the Documents.

Appears in 8 contracts

Samples: Term Credit Agreement (ENERPLUS Corp), Credit Agreement (Penn West Petroleum Ltd.), Credit Agreement (ENERPLUS Corp)

No Liability of Agent. The Agent, in its capacity as agent of the Lenders under the DocumentsLenders, will have no responsibility or liability to the Borrower or the Lenders on account of the failure of any Lender to perform its obligations hereunder, or to any Lender on account of the failure of the Borrower to perform its obligations under the Documents.

Appears in 3 contracts

Samples: Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Operations Corp.)

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No Liability of Agent. The Agent, in its capacity as agent of the Lenders under the DocumentsCredit Facilities, will have no responsibility or liability to the Borrower or the Lenders on account of the failure of any Lender to perform its obligations hereunder, or to any Lender on account of the failure of the Borrower to perform its obligations under the Documents.

Appears in 1 contract

Samples: Credit Agreement (Harvest Energy Trust)

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