Common use of Standard of Care; Limitation of Damages Clause in Contracts

Standard of Care; Limitation of Damages. Lender shall be liable to Borrowers only for matters arising from this Agreement or otherwise related to the Obligations resulting from Lender's gross negligence or wilful misconduct, and liability for all other matters is hereby waived. Lender shall not in any event be liable to Borrowers for special or consequential damages arising from this Agreement or otherwise related to the Obligations.

Appears in 3 contracts

Samples: Loan Agreement (Dreams Inc), Loan Agreement (Dreams Inc), Loan Agreement (Imtek Office Solutions Inc)

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Standard of Care; Limitation of Damages. Lender shall be liable to Borrowers Borrower only for matters arising from this Agreement or otherwise related to the Obligations resulting from Lender's ’s gross negligence or wilful willful misconduct, and liability for all other matters is hereby waived. Lender shall not in any event be liable to Borrowers Borrower for special or consequential damages arising from this Agreement or otherwise related to the Obligations.

Appears in 3 contracts

Samples: Loan Agreement (Accentia Biopharmaceuticals Inc), Loan Agreement (Accentia Biopharmaceuticals Inc), Loan Agreement (Accentia Biopharmaceuticals Inc)

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Standard of Care; Limitation of Damages. Lender shall be liable to Borrowers Borrower only for matters arising from this Agreement or otherwise related to the Obligations resulting from Lender's gross negligence or wilful misconduct, and liability for all other matters is hereby waived. Lender shall not in any event be liable to Borrowers Borrower for special or consequential damages arising from this Agreement or otherwise related to the Obligations.

Appears in 1 contract

Samples: Loan Agreement (Online Resources & Communications Corp)

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