Protection of the Bank and Receiver Sample Clauses

Protection of the Bank and Receiver. 14.1 Neither the Bank nor any Receiver shall be liable in respect of any loss or damage which arises out of the exercise or attempted or purported exercise of, or the failure to exercise, any of their respective powers, unless such loss or damage is caused by its or his negligence, wilful default, fraud or breach of obligations under this Deed of Charge. The provisions of this clause 14.1 shall be applicable also to any delegate, agent or sub-delegate of the Bank as is mentioned in clause 14.3.
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