Common use of Release of Financial Institution Clause in Contracts

Release of Financial Institution. The Grantor and the Secured Party agree that the Financial Institution is released from any and all liabilities to the Grantor and the Secured Party arising from the terms of this Agreement and the compliance of the Financial Institution with the terms hereof, except to the extent that such liabilities arise from the Financial Institution’s negligence. In no event will the Financial Institution be liable, directly or indirectly, to any person or entity for any indirect, special, incidental or consequential damages of any kind whatsoever (including lost profit), even if the Financial Institution has been advised of the likelihood of such loss or damage and regardless of the form of action.

Appears in 64 contracts

Samples: Account Control Agreement (Ford Credit Floorplan LLC), Account Control Agreement (Ford Credit Auto Lease Trust 2014-A), Account Control Agreement (Ford Credit Auto Lease Trust 2014-A)

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Release of Financial Institution. The Grantor Grantors and the Secured Party agree that the Financial Institution is released from any and all liabilities to the Grantor Grantors and the Secured Party arising from the terms of this Agreement and the compliance of the Financial Institution with the terms hereof, except to the extent that such liabilities arise from the Financial Institution’s negligence. In no event will the Financial Institution be liable, directly or indirectly, to any person or entity for any indirect, special, incidental or consequential damages of any kind whatsoever (including lost profit), even if the Financial Institution has been advised of the likelihood of such loss or damage and regardless of the form of action.

Appears in 15 contracts

Samples: Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2014-A), Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2014-A), Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2013-B)

Release of Financial Institution. The Grantor and the Secured Party agree that the Financial Institution is released from any and all liabilities to the Grantor and the Secured Party arising from the terms of this Agreement and the compliance of the Financial Institution with the terms hereof, except to the extent that such those liabilities arise from the Financial Institution’s negligence. In no event will the Financial Institution be liable, directly or indirectly, to any person or entity for any indirect, special, incidental or consequential damages of any kind whatsoever (including lost profit), even if the Financial Institution has been advised of the likelihood of such the loss or damage and regardless of the form of action.

Appears in 10 contracts

Samples: Control Agreement (Ford Credit Floorplan Master Owner Trust A), Control Agreement (Ford Credit Floorplan Master Owner Trust A), Account Control Agreement (Ford Credit Floorplan Master Owner Trust A)

Release of Financial Institution. The Grantor and the Secured Party agree that the Financial Institution is released from any and all liabilities to the Grantor and the Secured Party arising from the terms of this Agreement and the compliance of the Financial Institution with the terms hereof, except to the extent that such those liabilities arise from the Financial Institution’s negligence. In no event will the Financial Institution be liable, directly or indirectly, to any person or entity for any indirect, special, incidental or consequential damages of any kind whatsoever (including lost profit), even if the Financial Institution has been advised of the likelihood of such that loss or damage and regardless of the form of action.

Appears in 8 contracts

Samples: Account Control Agreement (Ford Credit Auto Owner Trust 2015-B), Account Control Agreement (Ford Credit Auto Owner Trust 2015-B), Account Control Agreement (Ford Credit Auto Owner Trust 2015-A)

Release of Financial Institution. The Grantor and the Secured Party agree that the Financial Institution is released from any and all liabilities to the Grantor and the Secured Party arising from the terms of this Agreement and the compliance of the Financial Institution with the terms hereof, except to the extent that such the liabilities arise from the Financial Institution’s negligence. In no event will the Financial Institution be liable, directly or indirectly, to any person or entity for any indirect, special, incidental or consequential damages of any kind whatsoever (including lost profit), even if the Financial Institution has been advised of the likelihood of such the loss or damage and regardless of the form of action.

Appears in 7 contracts

Samples: Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Account Control Agreement (Ford Credit Auto Lease Trust 2015-A)

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Release of Financial Institution. The Grantor Grantors and the Secured Party agree that the Financial Institution is released from any and all liabilities to the Grantor Grantors and the Secured Party arising from the terms of this Agreement and the compliance of the Financial Institution with the terms hereof, except to the extent that such liabilities arise from the Financial Institution’s negligence. In no event will the Financial Institution be liable, directly or indirectly, to any person or entity for any indirect, special, incidental or consequential damages of any kind whatsoever (including lost profit), even if the Financial Institution has been advised of the likelihood of such loss or damage and regardless of the form of action.

Appears in 7 contracts

Samples: Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2015-B), Titling Company Account Control Agreement (Ford Credit Auto Lease Trust 2015-A)

Release of Financial Institution. The Grantor and the Secured Party agree that the Financial Institution is released from any and all liabilities to the Grantor and the Secured Party arising from the terms of this Agreement and the compliance of the Financial Institution with the terms hereof, except to the extent that such liabilities arise from the Financial Institution’s 's negligence. In no event will the Financial Institution be liable, directly or indirectly, to any person or entity for any indirect, special, incidental or consequential damages of any kind whatsoever (including lost profit), even if the Financial Institution has been advised of the likelihood of such loss or damage and regardless of the form of action.

Appears in 6 contracts

Samples: Account Control Agreement (Ford Credit Auto Owner Trust 2010-B), Account Control Agreement (Ford Credit Auto Owner Trust 2010-A), Account Control Agreement (Ford Credit Auto Owner Trust 2009-E)

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