Common use of Exemption of liability Clause in Contracts

Exemption of liability. (1) The Bank shall assume no responsibility for the discontinuation, suspension or termination of the provision of the Service, or the impossibility to arrange the Service (including impossibility due to any force majeure). Further, the Bank shall not assume any responsibility for natural disasters, irregular weather, traffic control/congestion, and so forth. (2) If customers incur damages in connection of the Service due to reasons attributable to the Bank, the Bank shall be liable for compensation only for ordinary damages that have occurred directly and actually, within the limit of the cover of the foreign currency, handling charge, and shipping charge, which have already been withdrawn as set forth in Paragraph 2 of Article 3 and Paragraph 2 of Article 4, provided that this shall not apply if there is willful intent or gross negligence by the Bank.

Appears in 5 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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