Common use of Liability for fraud Clause in Contracts

Liability for fraud. Manager agrees that it shall be responsible for and liable to ▇▇▇▇▇▇ Bank for all expenses associated with and any losses attributable to Program Fraud, unless such expenses and losses were proximately caused by the negligence or willful misconduct of ▇▇▇▇▇▇ Bank. Manager shall reimburse ▇▇▇▇▇▇ Bank for any losses and expenses associated with Program Fraud within [***] of receiving written notice by ▇▇▇▇▇▇ Bank of such Program Fraud.

Liability for fraud. Manager agrees that it shall be responsible for and liable to ▇▇▇▇▇▇ Bank for all expenses associated with and any losses attributable to Program Fraud, unless such expenses and losses were proximately caused by the negligence or willful misconduct of ▇▇▇▇▇▇ Bank. Manager shall reimburse ▇▇▇▇▇▇ Bank for any losses and expenses associated with Program Fraud within [***] of receiving written notice by ▇▇▇▇▇▇ Bank of such Program Fraud. (O) Program Audits and Examination Cooperation.