Common use of Exemption of Liabilities Clause in Contracts

Exemption of Liabilities. The Bank shall bear no responsibility for damages arising from impossibility of or delay in performance of the Investment Trust Service due to the following events, apart from those prescribed in the Common Customer Agreement on PowerFlex Transactions. (1) When intermediation of order is suspended in accordance with item (5) of Article 4; (2) When any of the overseas markets is closed; (3) When the revocation of the business license or any other administrative action is taken, when the clearing house takes procedures for suspension of transactions, when any payment is suspended or when any application is submitted for bankruptcy, commencement of civil rehabilitation, corporate reorganization, or special liquidation, with respect to the investment management company. (4) When there arises any failure in the system of any stock exchange; or (5) When there occurs any event attributable to any third party besides the Bank, such as the investment trust management company.