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

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

Appears in 2 contracts

Samples: Loan Agreement (Dynagen Inc), Loan Agreement (Sb Merger Corp)

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

Appears in 1 contract

Samples: Loan and Security Agreement (Ipayment Inc)

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

Appears in 1 contract

Samples: Stock Purchase Warrant (Act Teleconferencing Inc)

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