Common use of Fraud, power, authority and capacity Clause in Contracts

Fraud, power, authority and capacity. None of the limitations on the liability of the Issuer set out in this Schedule (whether as to the quantum of the claim, the time limit for notification of the claim, the procedures or requirements for making a claim or otherwise) shall apply to any claim against the Issuer to the extent that the liability of the Issuer in respect of that claim arises from fraud, gross negligence, wilful default or dishonesty on the part of the Issuer on or prior to Completion.