Responsibilities excluded Clause Samples
The 'Responsibilities excluded' clause defines specific duties or obligations that a party is not required to perform under the agreement. In practice, this clause lists particular tasks, services, or liabilities that are expressly outside the scope of the contract, such as maintenance, third-party actions, or unforeseen events. By clearly outlining what is not covered, the clause helps prevent misunderstandings and limits the parties' exposure to unexpected responsibilities, ensuring clarity and managing risk.
Responsibilities excluded. Neither Service Bank and none of their respective officers, employees or agents shall be responsible to any other Bank for:
19.2.1 any failure or delay in performance, or breach by the Borrower, of its obligations under this Agreement or any of the other Finance Documents or any other agreement or any failure or delay in performance, or breach by any of the other Obligors, of their respective obligations under any of the Finance Documents or any other agreement; or
19.2.2 any recitals, statements, representations or warranties in, or for the legality, validity, effectiveness, enforceability, admissibility in evidence or sufficiency of, this Agreement or any of the other Finance Documents or any other agreement; or
19.2.3 the legality, validity, effectiveness or enforceability of any of the security created, or purported to be created, pursuant to any of the Security Documents.