Common use of Administrator’s Liability Clause in Contracts

Administrator’s Liability. (a) Except as otherwise provided herein, the Administrator assumes no liability other than to render or stand ready to render the services called for herein, and neither the Administrator nor any of its members, managers, officers, employees or affiliates shall be responsible for any action of the Issuer or any of the members, managers, officers, employees or affiliates of the Issuer (other than the Administrator itself). The Administrator shall not be liable for nor shall it have any obligation with regard to any of the liabilities, whether direct or indirect, absolute or contingent, of the Issuer or any of the members, managers, officers, employees or affiliates of the Issuer (other than the Administrator itself). (b) The Administrator acknowledges that the Commission has authority to enforce all provisions of this Administration Agreement for the benefit of Customers, including without limitation the enforcement of Section 11(c). Notwithstanding anything to the contrary contained in this Administration Agreement, for the avoidance of doubt, any right, remedy or claim to which any Customer may be entitled pursuant to this Administration Agreement may be asserted or exercised only by the Commission for the benefit of such Customer.

Administrator’s Liability. (a) Except as otherwise provided herein, the Administrator assumes no liability other than to render or stand ready to render the services called for herein, and neither the Administrator nor any of its membersshareholders, managersdirectors, officers, employees employees, subsidiaries or affiliates Affiliates shall be responsible for any action of the Issuer or any of the membersMember, managersSpecial Members, officersManagers, employees employees, subsidiaries or affiliates Affiliates of the Issuer (other than the Administrator itself)Issuer. The Administrator shall not be liable for nor shall it have any obligation with regard to any of the liabilities, whether direct or indirect, absolute or contingent, contingent of the Issuer or any of the membersMember, managersSpecial Members, officersManagers, employees employees, subsidiaries or affiliates Affiliates of the Issuer (other than the Administrator itself)Issuer. (b) The Administrator acknowledges that the Commission has authority to enforce all provisions of this Administration Agreement for the benefit of Customers, including without limitation the enforcement of Section 11(c). Notwithstanding anything to the contrary contained in this Administration Agreement, for the avoidance of doubt, any right, remedy or claim to which any Customer may be entitled pursuant to this Administration Agreement may be asserted or exercised only by the Commission for the benefit of such Customer.