Common use of Customer’s Group Clause in Contracts

Customer’s Group. 25.1 The Customer warrants that it has full power and authority to enter into this Agreement on its own behalf and on behalf of and for the benefit of the Customer’s Group. In this regard, the parties agree that the obligations that the Customer has to the Bank under this Agreement shall also be construed as obligations that the Customer’s Group have to the Bank. 25.2 The Customer shall be responsible for ensuring that members of the Customer’s Group taking the benefit of this Agreement comply with any obligations that apply to them under this Agreement. 25.3 Any loss or damage suffered by any member of the Customer’s Group as a result of any breach or default by the Bank shall be deemed to be loss or damage suffered by the Customer with the intent that the Bank shall be liable to the Customer rather than the relevant member of the Customer’s Group. 25.4 Nothing in this Agreement shall be deemed to entitle the Customer to recover twice in respect of the same loss.

Customer’s Group. 25.1 The Customer warrants that it has full power and authority to enter into this Agreement on its own behalf and on behalf of and for the benefit of the Customer’s 's Group. In this regard, the parties agree that the obligations that the Customer has to the Bank under this Agreement shall also be construed as obligations that the Customer’s 's Group have to the Bank. 25.2 The Customer shall be responsible for ensuring that members of the Customer’s Group taking the benefit of this Agreement comply with any obligations that apply to them under this Agreement. 25.3 Any loss or damage suffered by any member of the Customer’s Group as a result of any breach or default by the Bank shall be deemed to be loss or damage suffered by the Customer with the intent that the Bank shall be liable to the Customer rather than the relevant member of the Customer’s Group. 25.4 Nothing in this Agreement shall be deemed to entitle the Customer to recover twice in respect of the same loss.