Common use of Liability of Issuer Clause in Contracts

Liability of Issuer. The Issuer shall not be liable in respect of any claims, loss, liability, costs, expenses and demands suffered or incurred by the Cash Manager as a result of the performance of its obligations under this Agreement save where such loss, liability, claim, expense or damage is suffered, or incurred as a result of any wilful default, fraud or negligence of the Issuer or any of its officers, employees or agents.

Appears in 7 contracts

Sources: Bank Account Agreement, Bank Account Agreement, Bank Account Agreement