Common use of HIMALAYA Clause in Contracts

HIMALAYA. It is hereby expressly agreed that no employee or agent of the Broker (including every sub-contractor form time to time employed by the Broker) shall, in any circumstances whatsoever, be under any liability whatsoever to the Owner for any loss, damage or delay of whatsoever kind arising or resulting directly or indirectly from any act, neglect or default on his part while acting in the course of, or in connection with his employment. Without prejudice to the generality of the foregoing provisions in this clause , every exemption, limitation, condition and liberty herein contained and every right, exemption from liability, defense and immunity of whatsoever nature applicable to the Broker or to which the Broker is entitled hereunder, shall also be available and shall extend to protect every such employee or agent of the Broker acting as aforesaid. For the purpose of all the foregoing provisions of this clause, the Broker is or shall be deemed to be acting as agent or trustee on behalf of and for the benefit of all persons who are or might be his servants or agents from time to time (including sub-contractors as aforesaid) and all such persons shall to this extent be or be deemed to be parties to this Agreement.

Appears in 2 contracts

Samples: P and Charter Brokerage Services Agreement (Box Ships Inc.), P and Charter Brokerage Services Agreement (Paragon Shipping Inc.)

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HIMALAYA. Himalaya". It is hereby expressly agreed that no employee or agent of the Broker Manager (including every sub-contractor form time to time employed by the BrokerManager) shall, in any circumstances whatsoever, be under any liability whatsoever to the Owner for any loss, damage or delay of whatsoever kind arising or resulting directly or indirectly from any act, neglect or default on his part while acting in the course of, or in connection with his employment. Without prejudice to the generality of the foregoing provisions in this clause , every exemption, limitation, condition and liberty herein contained and every right, exemption from liability, defense and immunity of whatsoever nature applicable to the Broker Manager or to which the Broker Manager is entitled hereunder, shall also be available and shall extend to protect every such employee or agent of the Broker Manager acting as aforesaid. For the purpose of all the foregoing provisions of this clause, the Broker Manager is or shall be deemed to be acting as agent or trustee on behalf of and for the benefit of all persons who are or might be his servants or agents from time to time (including sub-contractors as aforesaid) and all such persons shall to this extent be or be deemed to be parties to this Agreement.

Appears in 2 contracts

Samples: Management Agreement (Paragon Shipping Inc.), Management Agreement (Paragon Shipping Inc.)

HIMALAYA. It is hereby expressly agreed that no employee or agent of the Broker Manager (including every sub-contractor form time to time employed by the BrokerManager) shall, in any circumstances whatsoever, be under any liability whatsoever to the Owner for any loss, damage or delay of whatsoever kind arising or resulting directly or indirectly from any act, neglect or default on his part while acting in the course of, or in connection with his employment. Without prejudice to the generality of the foregoing provisions in this clause clause, every exemption, limitation, condition and liberty herein contained and every right, exemption from liability, defense and immunity of whatsoever nature applicable to the Broker Manager or to which the Broker Manager is entitled hereunder, shall also be available and shall extend to protect every such employee or agent of the Broker Manager acting as aforesaid. For the purpose of all the foregoing provisions of this clause, the Broker Manager is or shall be deemed to be acting as agent or trustee on behalf of and for the benefit of all persons who are or might be his servants or agents from time to time (including sub-contractors as aforesaid) and all such persons shall to this extent be or be deemed to be parties to this Agreement.

Appears in 1 contract

Samples: Management Agreement (Paragon Shipping Inc.)

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HIMALAYA. It is hereby expressly agreed that no employee or agent of the Broker Manager (including every sub-contractor form time to time employed by the BrokerManager) shall, in any circumstances whatsoever, be under any liability whatsoever to the Owner for any loss, damage or delay of whatsoever kind arising or resulting directly or indirectly from any act, neglect or default on his part while acting in the course of, or in connection with his employment. Without prejudice to the generality of the foregoing provisions in this clause , every exemption, limitation, condition and liberty herein contained and every right, exemption from liability, defense and immunity of whatsoever nature applicable to the Broker Manager or to which the Broker Manager is entitled hereunder, shall also be available and shall extend to protect every such employee or agent of the Broker Manager acting as aforesaid. For the purpose of all the foregoing provisions of this clause, the Broker Manager is or shall be deemed to be acting as agent or trustee on behalf of and for the benefit of all persons who are or might be his servants or agents from time to time (including sub-contractors as aforesaid) and all such persons shall to this extent be or be deemed to be parties to this Agreement.

Appears in 1 contract

Samples: Management Agreement (Box Ships Inc.)

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