Common use of Fault Clause in Contracts

Fault. Any act or omission of a Partner, its Affiliates or any of their respective officers, directors or employees (acting in their capacities as such) that constitutes or results from intentional misconduct, criminal intent or gross negligence. Finally Determined. Determined by any final, nonappealable judicial order or pursuant to a binding alternative dispute resolution procedure.

Appears in 8 contracts

Samples: Limited Partnership Agreement (Equistar Chemicals Lp), Limited Partnership Agreement (Lyondell Petrochemical Co), Limited Partnership Agreement (Millennium Chemicals Inc)

AutoNDA by SimpleDocs

Fault. Any act or omission of a Partner, its Affiliates or any of their respective officers, directors or employees (acting in their capacities as such) that constitutes or results from intentional misconduct, criminal intent or gross negligence. Finally Determined. Determined by any final, nonappealable judicial order or pursuant to a binding alternative dispute resolution procedure.

Appears in 4 contracts

Samples: Limited Partnership Agreement (LyondellBasell F&F Holdco, LLC), Limited Partnership Agreement (Millennium Chemicals Inc), Limited Partnership Agreement (Equistar Chemicals Lp)

Fault. Any act or omission of a Partner, its Affiliates or any of their ----- respective officers, directors or employees (acting in their capacities as such) that constitutes or results from intentional misconduct, criminal intent or gross negligence. Finally Determined. Determined by any final, nonappealable judicial ------------------ order or pursuant to a binding alternative dispute resolution procedure.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Equistar Chemicals Lp), Limited Partnership Agreement (Lyondell Chemical Co)

AutoNDA by SimpleDocs

Fault. Any act or omission of a Partner, its Affiliates or any of their ----- respective officers, directors or employees (acting in their capacities as such) that constitutes or results from intentional misconduct, criminal intent or gross negligence. Finally Determined. Determined by any final, nonappealable judicial order ------------------ or pursuant to a binding alternative dispute resolution procedure.

Appears in 1 contract

Samples: Limited Partnership Agreement (Equistar Funding Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!