Common use of Protection of the Bank and Receiver Clause in Contracts

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.

Appears in 5 contracts

Samples: Framework Agreement, Framework Agreement, Framework Agreement

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Protection of the Bank and Receiver. 14.1 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 ChargeDeed. The provisions of this clause Clause 14.1 shall be applicable also to any delegate, agent or sub-sub- delegate of the Bank as is mentioned in clause Clause 14.3.

Appears in 1 contract

Samples: Framework Agreement

Protection of the Bank and Receiver. 14.1 16.1 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 and to the extent only that such loss or damage is caused by its or his negligence, wilful default, fraud or breach of obligations under this Deed of ChargeDeed. The provisions of this clause 14.1 16.1 shall be applicable also to any delegate, agent or sub-delegate Delegate of the Bank as is mentioned in clause 14.3.clause

Appears in 1 contract

Samples: www.centralbank.ie

Protection of the Bank and Receiver. 14.1 13.1 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 Floating Charge. The provisions of this clause 14.1 13.1 shall be applicable also to any delegate, agent or sub-delegate of the Bank as is mentioned in clause 14.313.3.

Appears in 1 contract

Samples: Framework Agreement

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Protection of the Bank and Receiver. 14.1 15.1 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 15.1 shall be applicable also to any delegate, agent or sub-delegate of the Bank as is mentioned in clause 14.315.3.

Appears in 1 contract

Samples: Framework Agreement

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