Common use of Damage Compensation Clause in Contracts

Damage Compensation. Both parties hereto agree that any delays, omissions, or errors in transmitting or receiving Electronic Messages which give rise to the losses of any particular party shall be compensated by the party to which the cause is attributable to; compensations shall only be made for the direct damages (excluding future gains lost) plus interest only.

Appears in 2 contracts

Samples: Global E Banking Service Application Form and Service Agreement, Global E Banking Service Application Form and Service Agreement

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Damage Compensation. Both parties hereto agree that any delays, omissions, or errors in transmitting or receiving Electronic Messages which give rise to the losses of any particular party shall be compensated by the party to which the cause is attributable to; compensations comp ensations shall only be made for the direct damages (excluding future gains lost) plus interest only.

Appears in 1 contract

Samples: Global E Banking Service Application Form and Service Agreement

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Damage Compensation. Both parties hereto agree that any delays, omissions, or errors in transmitting or receiving Electronic Messages which give rise to the losses of any particular party shall be compensated by the party to which the cause is attributable to; compensations compensat ions shall only be made for the direct damages (excluding future gains lost) plus interest only.

Appears in 1 contract

Samples: Global E Banking Service Application Form and Service Agreement

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