No Responsibility or Liability Sample Clauses
The "No Responsibility or Liability" clause serves to limit or exclude a party's legal responsibility for certain actions, omissions, or outcomes under a contract. Typically, this clause specifies that one party will not be held accountable for damages, losses, or claims arising from specific circumstances, such as third-party actions, force majeure events, or indirect damages. By clearly defining the boundaries of liability, this clause helps manage risk and provides certainty to the parties about their potential exposure, ultimately protecting the party from unforeseen or uncontrollable liabilities.
POPULAR SAMPLE Copied 63 times
No Responsibility or Liability. The Parties intend and agree that support and consent by College Station of Bryan’s MSD application shall not be construed to subject College Station to any responsibility or liability for any injury to persons or damage to property caused by any contaminant of concern or any other cause of action arising from the municipal setting designation implemented by Bryan. Bryan agrees to promptly intervene in any lawsuit filed against College Station arising from Bryan’s MSD. Bryan also agrees to pay all of College Station’s legal fees and any damages, fines, and costs that may be awarded, assessed, or incurred from such action.
No Responsibility or Liability. Without limiting any other provision of this Agreement or any other Credit Document, Bank and each other Released Person (if applicable) shall not be responsible to the Account Party for, and/or Bank’s rights and remedies against the Account Party and the Obligations shall not be impaired by: (i) honor of a presentation under any Letter of Credit that on its face substantially complies with the terms and conditions of such Letter of Credit, even if the Letter of Credit requires strict compliance by the beneficiary; 24 17103949v6
No Responsibility or Liability. Without limiting any other provision of this Agreement or any other Credit Document, Bank and each other Indemnified Person (if applicable) shall not be responsible to any Applicant for, and/or Bank’s rights and remedies against any Applicant and the Obligations shall not be impaired by:
(i) honor of a presentation under any Credit that on its face substantially complies with the terms and conditions of such Credit, even if the Credit requires strict compliance by the beneficiary;
(ii) acceptance as a draft of any written or electronic demand or request for payment under a Credit, even if nonnegotiable or not in the form of a draft;
(iii) the identity or authority of any presenter or signer of any Drawing Document or the form, accuracy, genuineness or legal effect of any Drawing Document (other than Bank’s determination that such Drawing Document appears on its face to substantially comply with the terms and conditions of the Credit);
(iv) acting upon any Instruction that it in good faith believes to have been given by a Person authorized to give such Instructions;
(v) any errors in interpretation of technical terms or in translation;
(vi) any acts, omissions or fraud by, or the solvency of, any beneficiary, any nominated person or entity or any other Person, other than an Indemnified Party;
(vii) any breach of contract between the beneficiary and such Applicant or any of the parties to the underlying transaction;
(viii) payment to any paying or negotiating bank (designated or permitted by the terms of the applicable Credit) claiming that it rightfully honored or is entitled to reimbursement or indemnity under Standard Letter of Credit Practice applicable to it;
(ix) acting as required or permitted, or failing to act as permitted, in each case under Standard Letter of Credit Practice applicable to where it has issued, confirmed, advised or negotiated such Credit, as the case may be;
(x) honor of a presentation after the expiration date of any Credit notwithstanding that a presentation was made prior to such expiration date and dishonored by Bank if subsequently Bank or any court or other finder of fact determines such presentation should have been honored;
(xi) dishonor of any presentation that does not strictly comply or that is fraudulent, forged or otherwise not entitled to honor; or
(xii) honor of a presentation that is subsequently determined by Bank to have been made in violation of international, federal, state or local restrictions on the transacti...
No Responsibility or Liability. The Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions hereof relating to Disqualified Lenders or Affiliated Lenders. Without limiting the generality of the foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any Lender or Participant or prospective Lender or Participant is a Disqualified Lender or Affiliated Lender or (y) have any liability with respect to or arising out of any assignment or participation of loans or commitments, or disclosure of confidential information, to any Disqualified Lender or Affiliated Lender. Upon the request of any Lender, the Administrative Agent may and the Borrower will make the list of Disqualified Lenders available to such Lender so long as such Lender agrees to keep the list of Disqualified Lenders confidential in accordance with the terms hereof.
No Responsibility or Liability. Without limiting any other provision of this Agreement or any other Credit Document, Bank and each other Indemnified Person (if applicable) shall not be responsible to the Account Party for, and/or Bank’s rights and remedies against the Account Party and the Obligations shall not be impaired by:
1. honor of a presentation under any Letter of Credit that on its face substantially complies with the terms and conditions of such Letter of Credit, even if the Letter of Credit requires strict compliance by the beneficiary;
1. acceptance as a draft of any written or electronic demand or request for payment under a Letter of Credit, even if nonnegotiable or not in the form of a draft;
1. the identity or authority of any presenter or signer of any Drawing Document or the form, accuracy, genuineness or legal effect of any Drawing Document (other than Bank’s determination that such Drawing Document appears on its face to substantially comply with the terms and conditions of the Letter of Credit);
1. acting upon any Instruction that it in good faith believes to have been given by a Person authorized to give such Instructions;
1. any errors in interpretation of technical terms or in translation;
1. any acts, omissions or fraud by, or the solvency of, any beneficiary, any nominated person or entity or any other Person, other than an Indemnified Person;