Common use of No Responsibility Clause in Contracts

No Responsibility. Except in the case of fraud, gross negligence, or willful misconduct, neither Agent nor any of its officers, directors, employees, or attorneys shall assume or ever have any liability or responsibility for, any diminution in the value of the Collateral or any part of the Collateral.

Appears in 4 contracts

Samples: Warehousing Credit and Security Agreement (Sirva Inc), Warehousing Credit and Security Agreement (Centerline Holding Co), Warehousing Credit and Security Agreement (Centerline Holding Co)

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No Responsibility. Except in the case of fraud, gross negligence, or ----------------- willful misconduct, neither Agent nor any of its officers, directors, employees, or attorneys shall assume -- or ever have any liability or responsibility for, for -- any diminution in the value of the Collateral or any part of the Collateral.

Appears in 3 contracts

Samples: Credit Agreement (Pioneer Commercial Funding Corp /Ny/), Credit Agreement (Matrix Bancorp Capital Trust I), Credit Agreement (Matrix Capital Corp /Co/)

No Responsibility. Except in the case of fraud, gross negligence, or willful misconduct, neither Administrative Agent nor any of its officers, directors, employees, or attorneys shall assume assume, or ever have any liability or responsibility for, any diminution in the value of the Collateral or any part of the Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ryland Group Inc), Loan Agreement (Matrix Bancorp Inc)

No Responsibility. Except in the case of fraud, gross negligence, or willful misconduct, neither Administrative Agent nor any of its officers, directors, employees, or attorneys shall assume -- or ever have any liability or responsibility for, for -- any diminution in the value of the Collateral or any part of the Collateral.

Appears in 2 contracts

Samples: Credit Agreement (American Business Financial Services Inc /De/), Credit Agreement (American Business Financial Services Inc /De/)

No Responsibility. Except in the case of fraud, gross negligence, or willful misconduct, neither Administrative Agent nor any of its officers, directors, employees, or attorneys shall assume -- or ever have any liability or responsibility for, any for -any diminution in the value of the Collateral or any part of the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Cfi Mortgage Inc)

No Responsibility. Except in the case of fraud, gross negligence, or willful misconduct, neither Agent Lender nor any of its officers, directors, employees, or attorneys shall assume -- or ever have any liability or responsibility for, for -- any diminution in the value of the Collateral or any part of the Collateral.

Appears in 1 contract

Samples: Loan Agreement (Imc Mortgage Co)

No Responsibility. Except in the case of fraud, gross negligence, or willful misconduct, neither Administrative Agent nor any of its officers, directors, employees, or attorneys shall assume or ever have any liability or responsibility for, any diminution in the value of the Collateral or any part of the Collateral.

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Nab Asset Corp)

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No Responsibility. Except in the case of fraud, gross negligence, or willful misconduct, neither Administrative Agent nor any of its officers, directors, employees, or attorneys Representatives shall assume (or ever have any liability or responsibility for, ) any diminution in the value of the Collateral or any part of the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Rac Financial Group Inc)

No Responsibility. Except in the case of fraud, gross negligence, or willful misconduct, neither Agent nor any of its officers, directors, employees, or attorneys shall assume -- or ever have any liability or responsibility for, any for --any diminution in the value of the Collateral or any part of the Collateral.

Appears in 1 contract

Samples: Loan Agreement (Matrix Capital Corp /Co/)

No Responsibility. Except in the case of fraud, gross negligence, or willful misconduct, neither Agent nor any of its officers, directors, employees, or attorneys shall assume -- or ever have any liability or responsibility for, for -- any diminution in the value of the Collateral or any part of the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Ryland Group Inc)

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