Common use of Lender Liability Clause in Contracts

Lender Liability. No Lender, or any of its officers, directors, employees, agents, or counsel shall be liable for any action lawfully taken or omitted to be taken by it or them hereunder or in connection herewith, except for its or their own respective gross negligence or willful misconduct.

Appears in 3 contracts

Sources: Guaranty Agreement (BLC Financial Services Inc), Guaranty Agreement (BLC Financial Services Inc), Guaranty Agreement (BLC Financial Services Inc)

Lender Liability. No Lender, or Neither Lender nor any of its officers, directors, employees, agents, or counsel shall be liable for any action lawfully taken or omitted to be taken by it or them hereunder or in connection herewith, except for its or their own respective gross negligence or willful misconduct.

Appears in 1 contract

Sources: Guaranty Agreement (Allied Capital Corp)