Common use of Force Majeure and Limitation of Liability Clause in Contracts

Force Majeure and Limitation of Liability. (a) None of the Agent, the Security Agent or the Issuing Agent shall be held responsible for any damage arising out of any legal enactment, or any measure taken by a public authority, or war, strike, lockout, boycott, blockade or any other similar circumstance (a "Force Majeure Event"). The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Agent, the Security Agent or the Issuing Agent itself takes such measures, or is subject to such measures. (b) The Issuing Agent shall have no liability to the Bondholders if it has observed reasonable care. The Issuing Agent shall never be responsible for indirect damage with exception of gross negligence and wilful misconduct. (c) Should a Force Majeure Event arise which prevents the Agent, the Security Agent or the Issuing Agent from taking any action required to comply with these Terms and Conditions, such action may be postponed until the obstacle has been removed. (d) The provisions in this Clause 25 apply unless they are inconsistent with the provisions of the Financial Instruments Accounts Act which provisions shall take precedence.

Appears in 4 contracts

Samples: Amendment and Restatement Agreement, Amendment and Restatement Agreement, Amendment and Restatement Agreement

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Force Majeure and Limitation of Liability. (a) None of Neither the Agent, the Security Agent or Trustee nor the Issuing Agent Trustee shall be held responsible for any damage arising out of any legal enactment, or any measure taken by a public authority, or war, strike, lockout, boycott, blockade blockade, natural disaster, insurrection, civil commotion, terrorism or any other similar circumstance (a "Force Majeure Event"). The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Agent, the Security Agent Trustee or the Issuing Paying Agent itself takes such measures, or is subject to such measures. (b) The Issuing Paying Agent shall have no liability to the Bondholders if it has observed reasonable care. The Issuing Paying Agent shall never be responsible for indirect damage with exception of gross negligence and wilful misconduct. (c) Should a Force Majeure Event arise which prevents the Agent, the Security Agent Trustee or the Issuing Paying Agent from taking any action required to comply with these Terms and Conditions, such action may be postponed until the obstacle has been removed. (d) The provisions in this Clause 25 27.2(a) apply unless they are inconsistent with the provisions of the Financial Instruments Accounts Act which provisions shall take precedence.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement, Amendment and Restatement Agreement, Amendment and Restatement Agreement

Force Majeure and Limitation of Liability. (a) None of the Agent, the Security Agent or the Issuing Agent shall be held responsible for any damage arising out of any legal enactment, or any measure taken by a public authority, or war, strike, lockout, boycott, blockade or any other similar circumstance (a "Force Majeure Event"). The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Agent, the Security Agent or the Issuing Agent itself takes such measures, or is subject to such measures. (b) The Issuing Agent shall have no liability to the Bondholders if it has observed reasonable care. The Issuing Agent shall never be responsible for indirect damage with exception of gross negligence and wilful misconduct. (c) Should a Force Majeure Event arise which prevents the Agent, the Security Agent or the Issuing Agent from taking any action required to comply with these Terms and Conditions, such action may be postponed until the obstacle has been removed. (d) The provisions in this Clause 25 26 apply unless they are inconsistent with the provisions of the Financial Instruments Accounts Act which provisions shall take precedence.

Appears in 2 contracts

Samples: Waiver and Amendment and Restatement Agreement, Senior Secured Floating Rate Bonds

Force Majeure and Limitation of Liability. β€Œ (a) None of the Agent, the Security Issuing Agent or the Issuing Paying Agent shall be held responsible for any damage arising out of any legal enactment, or any measure taken by a public authority, or war, strike, lockout, boycott, blockade or any other similar circumstance (a "Force Majeure Event"). The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Agent, the Security Issuing Agent or the Issuing Paying Agent itself takes such measures, or is subject to such measures. (b) The Neither the Issuing Agent nor the Paying Agent shall have no any liability to the Bondholders Noteholders if it has observed reasonable care. The Issuing Agent shall never be responsible for indirect damage with exception of gross negligence and wilful misconduct. (c) Should a Force Majeure Event arise which prevents the Agent, the Security Issuing Agent or the Issuing Paying Agent from taking any action required to comply with these Terms and Conditions, such action may be postponed until the obstacle has been removed. (d) The provisions in this Clause 25 26.2(c) apply unless they are inconsistent with the provisions of the Financial Instruments Accounts Norwegian Securities Register Act which provisions shall take precedence.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement, Terms and Conditions

Force Majeure and Limitation of Liability. (a) None of Neither the AgentIssuer, the Security Agent or Trustee nor the Issuing Agent shall be held responsible for any damage arising out of any legal enactment, or any measure taken by a public authority, or war, strike, lockout, boycott, blockade or any other similar circumstance (a "Force Majeure Event"). The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Agent, the Security Agent Trustee or the Issuing Agent (but not, for the avoidance of doubt, the Issuer) itself takes such measures, or is subject to such measures. (b) The Issuing Agent shall have no liability to the Bondholders if it has observed reasonable care. The Issuing Agent shall never be responsible for indirect damage with exception of gross negligence and wilful misconduct. (c) Should a Force Majeure Event arise which prevents the AgentIssuer (to the extent applicable in accordance with paragraph (a) above), the Security Agent Trustee or the Issuing Agent from taking any action required to comply with these Terms and Conditions, such action may be postponed until the obstacle has been removed. (d) The provisions in this Clause 25 26 apply unless they are inconsistent with the provisions of the Financial Instruments Accounts Act which provisions shall take precedence.

Appears in 1 contract

Samples: Amendment and Restatement Agreement

Force Majeure and Limitation of Liability. (a) None of Neither the Agent, the Security Agent or nor the Issuing Agent shall be held responsible for any damage arising out of any legal enactment, or any measure taken by a public authority, or war, strike, lockout, boycott, blockade blockade, natural disaster, insurrection, civil commotion, terrorism or any other similar circumstance (a "Force Majeure Event"). The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Agent, the Security Agent or the Issuing Agent itself takes such measures, or is subject to such measures. (b) The Issuing Agent shall have no liability to the Bondholders Noteholders if it has observed reasonable care. The Issuing Agent shall never be responsible for indirect damage with exception of gross negligence and wilful misconduct. (c) Should a Force Majeure Event arise which prevents the Agent, the Security Agent or the Issuing Agent from taking any action required to comply with these Terms and Conditions, such action may be postponed until the obstacle has been removed. (d) The provisions in this Clause 25 24 apply unless they are inconsistent with the provisions of the Financial Instruments Accounts Act which provisions shall take precedence.

Appears in 1 contract

Samples: Amendment and Restatement Agreement

Force Majeure and Limitation of Liability. (a) None of the Agent, the Security Agent or the Issuing CSD Agent shall be held responsible for any damage arising out of any legal enactment, or any measure taken by a public authority, or war, strike, lockout, boycott, epidemics, pandemics, blockade or any other similar circumstance (a "Force Majeure Event"). The reservation in respect of strikes, lockouts, boycotts boycotts, epidemics, pandemics, and blockades applies even if the Agent, the Security Agent or the Issuing CSD Agent itself takes such measures, or is subject to such measures. (b) The Issuing CSD Agent shall have no liability to the Bondholders if it has observed reasonable care. The Issuing CSD Agent shall never be responsible for indirect damage with exception of gross negligence and wilful willful misconduct. (c) Should a Force Majeure Event arise which prevents the Agent, the Security Agent or the Issuing CSD Agent from taking any action required to comply with these Terms and Conditions, such action may be postponed until the obstacle has been removed. (d) The provisions in this Clause 25 26 apply unless they are inconsistent with the provisions of the Financial Instruments Accounts Act which provisions shall take precedence.

Appears in 1 contract

Samples: Secured Floating Rate Bonds Agreement

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Force Majeure and Limitation of Liability. (a) None of Neither the Agent, the Security Agent or nor the Issuing Agent shall be held responsible for any damage arising out of any legal enactment, or any measure taken by a public authority, or war, strike, lockout, boycott, blockade blockade, natural disaster, insurrection, civil commotion, terrorism or any other similar circumstance (a "Force Majeure Event"). The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Agent, the Security Agent or the Issuing Agent itself takes such measures, or is subject to such measures. (b) The Issuing Agent shall have no liability to the Bondholders if it has observed reasonable care. The Issuing Agent shall never be responsible for indirect damage with exception of gross negligence and wilful misconduct. (c) Should a Force Majeure Event arise which prevents the Agent, the Security Agent or the Issuing Agent from taking any action required to comply with these Terms and Conditions, such action may be postponed until the obstacle has been removed. (d) The provisions in this Clause 25 apply unless they are inconsistent with the provisions of the Financial Instruments Accounts Act which provisions shall take precedence.

Appears in 1 contract

Samples: Amendment and Restatement Agreement

Force Majeure and Limitation of Liability. β€Œ (a) None of the Agent, the Security Agent or the Issuing Agent shall be held responsible for any damage arising out of any legal enactment, or any measure taken by a public authority, or war, strike, lockout, boycott, blockade or any other similar circumstance (a "Force Majeure Event"). The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Agent, the Security Agent or the Issuing Agent itself takes such measures, or is subject to such measures. (b) The Issuing Agent shall have no liability to the Bondholders if it has observed reasonable care. The Issuing Agent shall never be responsible for indirect damage with exception of gross negligence and wilful misconduct. (c) Should a Force Majeure Event arise which prevents the Agent, the Security Agent or the Issuing Agent from taking any action required to comply with these Terms and Conditions, such action may be postponed until the obstacle has been removed. (d) The provisions in this Clause 25 26 apply unless they are inconsistent with the provisions of the Financial Instruments Accounts Act which provisions shall take precedence.

Appears in 1 contract

Samples: Terms and Conditions

Force Majeure and Limitation of Liability. (a) None of Neither the Agent, the Security Agent or nor the Issuing Agent shall be held responsible for any damage arising out of any legal enactment, or any measure taken by a public authority, or war, strike, lockout, boycott, blockade or any other similar circumstance (a "Force Majeure Event"). The reservation in respect of strikes, lockouts, boycotts and blockades applies even if the Agent, the Security Agent or the Issuing Agent itself takes such measures, or is subject to such measures. (b) The Issuing Agent shall have no liability to the Bondholders if it has observed reasonable care. The Issuing Agent shall never be responsible for indirect damage with exception of gross negligence and wilful misconduct. (c) Should a Force Majeure Event arise which prevents the Agent, the Security Agent or the Issuing Agent from taking any action required to comply with these Terms and Conditions, such action may be postponed until the obstacle has been removed. (d) The provisions in this Clause 25 27 apply unless they are inconsistent with the provisions of the Swedish Central Securities Depositories and Financial Instruments Accounts Act or the Norwegian Securities Register Act which provisions shall take precedence.

Appears in 1 contract

Samples: Terms and Conditions

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