Common use of Role of Reference Banks Clause in Contracts

Role of Reference Banks. (a) No Reference Bank is under any obligation to provide a quotation or any other information to the BPIFAE Agent. (b) No Reference Bank will be liable for any action taken by it under or in connection with any Finance Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct. (c) No Party (other than the relevant Reference Bank) may take any proceedings against any officer, employee or agent of any Reference Bank in respect of any claim it might have against that Reference Bank or in respect of any act or omission of any kind by that officer, employee or agent in relation to any Finance Document, or to any Reference Bank Quotation, and any officer, employee or agent of each Reference Bank may rely on this Clause 28.21 subject to Clause 1.5 (Third Party Rights) and the provisions of the Third Parties Act.

Appears in 2 contracts

Samples: Bpifae Facility Agreement (Globalstar, Inc.), Bpifae Facility Agreement (Globalstar, Inc.)

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Role of Reference Banks. (a) No Reference Bank is under any obligation to provide a quotation or any other information to the BPIFAE Agent. (b) No Reference Bank will be liable for any action taken by it under or in connection with any Finance Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct. (c) No Party (other than the relevant Reference Bank) may take any proceedings against any officer, employee or agent of any Reference Bank in respect of any claim it might have against that Reference Bank or in respect of any act or omission of any kind by that officer, employee or agent in relation to any Finance Document, or to any Reference Bank Quotation, and any officer, employee or agent of each Reference Bank may rely on this Clause 28.21 24.30 subject to Clause 1.5 1.4 (Third Party Rightsparty rights) and the provisions of the Third Parties ActLegislation.

Appears in 1 contract

Samples: Facility Agreement (Diodes Inc /Del/)

Role of Reference Banks. (a) No Reference Bank is under any obligation to provide a quotation or any other information to the BPIFAE AgentAgents. (b) No Reference Bank will be liable for any action taken by it under or in connection with any Finance Financing Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct. (c) No Party (other than the relevant Reference Bank) may take any proceedings against any officer, employee or agent of any Reference Bank in respect of any claim it might have against that Reference Bank or in respect of any act or omission of any kind by that officer, employee or agent in relation to any Finance Financing Document, or to any Reference Bank Quotation, and any officer, employee or agent of each Reference Bank may rely on this Clause 28.21 19.18 (Role of Reference Banks) subject to sub-clause 1.3.3 of Clause 1.5 1.3 (Third Party RightsConstruction) and the provisions of the Third Parties Act.

Appears in 1 contract

Samples: Revolving Credit Facilities Agreement (WPP PLC)

Role of Reference Banks. (a) 21.19.1 No Reference Bank acting in such capacity is under any obligation to provide a quotation or any other information to the BPIFAE Facility Agent. (b) 21.19.2 No Reference Bank will be liable for any action taken by it under or in connection with any Finance Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct. (c) 21.19.3 No Party (other than the relevant Reference Bank) may take any proceedings against any officer, employee or agent of any Reference Bank in respect of any claim it might have against that Reference Bank or in respect of any act or omission of any kind by that officer, employee or agent in relation to any Finance Document, or to any Reference Bank Quotation, and any officer, employee or agent of each Reference Bank may rely on this Clause 28.21 subject to Clause 1.5 (Third Party Rights) and the provisions of the Third Parties Act21.19.

Appears in 1 contract

Samples: Multicurrency Bridge Facility Agreement

Role of Reference Banks. (a) No Reference Bank is under any obligation to provide a quotation or any other information to the BPIFAE Facility Agent. (b) No Reference Bank will be liable for any action taken by it under or in connection with any Finance Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct. (c) No Party (other than the relevant Reference Bank) may take any proceedings against any officer, employee or agent Facility Agent of any Reference Bank in respect of any claim it might have against that Reference Bank or in respect of any act or omission of any kind by that officer, employee or agent Facility Agent in relation to any Finance Document, or to any Reference Bank Quotation, and any officer, employee or agent Facility Agent of each Reference Bank may rely on this Clause 28.21 clause 26.17 subject to Clause clause 1.5 (Third Party Rights) and the provisions of the Third Parties Actparty rights).

Appears in 1 contract

Samples: Common Terms Agreement (Sedibelo Resources LTD)

Role of Reference Banks. (a) 25.17.1 No Reference Bank is under any obligation to provide a quotation or any other information to the BPIFAE Agent. (b) 25.17.2 No Reference Bank will be liable for any action taken by it under or in connection with any Finance Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct. (c) 25.17.3 No Party (other than the relevant Reference Bank) may take any proceedings against any officer, employee or agent of any Reference Bank in respect of any claim it might have against that Reference Bank or in respect of any act or omission of any kind by that officer, employee or agent in relation to any Finance Document, or to any Reference Bank Quotation, and any officer, employee or agent of each Reference Bank may rely on this Clause 28.21 clause 25.17 subject to Clause 1.5 clause 2.3 (Third Party Rights) and the provisions of the Third Parties Actparty rights).

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Net 1 Ueps Technologies Inc)

Role of Reference Banks. (a) No Reference Bank is under any obligation to provide a quotation or any other information to the BPIFAE Facility Agent. (b) No Reference Bank will be liable for any action taken by it under or in connection with any Finance Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct. (c) No Party (other than the relevant Reference Bank) may take any proceedings against any officer, employee or agent of any Reference Bank in respect of any claim it might have against that Reference Bank or in respect of any act or omission of any kind by that officer, employee or agent in relation to any Finance Document, or to any Reference Bank Quotation, and any officer, employee or agent of each Reference Bank may rely on this Clause 28.21 30.20 (Role of Reference Banks) subject to Clause 1.5 (Third Party Rightsparty rights) and the provisions of the Third Parties Act.

Appears in 1 contract

Samples: Term Loan Facility Agreement (Castor Maritime Inc.)

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Role of Reference Banks. (a) No Reference Bank is under any obligation to provide a quotation or any other information to the BPIFAE Agent. (b) No Reference Bank will be liable for any action taken by it under or in connection with any Finance Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct. (c) No Party (other than the relevant Reference Bank) may take any proceedings against any officer, employee or agent of any Reference Bank in respect of any claim it might have against that Reference Bank or in respect of any act or omission of any kind by that officer, employee or agent in relation to any Finance Document, or to any Reference Bank Quotation, and any officer, employee or agent of each Reference Bank may rely on this Clause 28.21 subject to Clause 1.5 (Third Party Rights) and the provisions of the Third Parties Act29.17.

Appears in 1 contract

Samples: Term Loan Facility Agreement (KNOT Offshore Partners LP)

Role of Reference Banks. (a) 9.21.1 No Reference Bank is under any obligation to provide a quotation or any other information to the BPIFAE Investment Agent. (b) 9.21.2 No Reference Bank will be liable for any action taken by it under or in connection with any Finance Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct. (c) 9.21.3 No Party (other than the relevant Reference Bank) may take any proceedings against any officer, employee or agent of any Reference Bank in respect of any claim it might have against that Reference Bank or in respect of any act or omission of any kind by that officer, employee or agent in relation to any Finance Document, or to any Reference Bank Quotation, . and any officer, employee or agent of each Reference Bank may rely on this Clause 28.21 9.21 subject to Clause 1.5 1.3 (Third Party Rightsparty rights) and the provisions of the Third Parties Act.

Appears in 1 contract

Samples: Common Terms Agreement (Brooge Holdings LTD)

Role of Reference Banks. (a) No Reference Bank is under any obligation to provide a quotation or any other information to the BPIFAE Agent. (b) No Reference Bank will be liable for any action taken by it under or in connection with any Finance Document, or for any Reference Bank Quotation, unless directly caused by its gross negligence or wilful misconduct. (c) No Party (other than the relevant Reference Bank) may take any proceedings against any officer, employee or agent of any Reference Bank in respect of any claim it might have against that Reference Bank or in respect of any act or omission of any kind by that officer, employee or agent in relation to any Finance Document, or to any Reference Bank Quotation, and any officer, employee or agent of each Reference Bank may rely on this Clause 28.21 25.20 subject to Clause 1.5 1.4 (Third Party Rights) and the provisions of the Third Parties Act.

Appears in 1 contract

Samples: Revolving Senior Secured Credit Facility Agreement (Gold Fields LTD)

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