Common use of Liability for Expenses and Damages Clause in Contracts

Liability for Expenses and Damages. The Seller shall be liable to the Buyers for (i) the amount of all reasonable legal or other expenses incurred by the Buyers in connection with or as a result of an Event of Default, (ii) damages in an amount equal to the reasonable cost (including all fees, expenses and commissions) of entering into replacement transactions and entering into or terminating hedge transactions in connection with or as a result of an Event of Default and (iii) any other reasonable loss, damage, cost or expense directly arising or resulting from the occurrence of an Event of Default in respect of a defaulting party.

Liability for Expenses and Damages. The Seller shall be liable to the Buyers for (ia) the amount of all reasonable legal or other expenses incurred by the Buyers in connection with or as a result of an Event of Default, (iib) damages in an amount equal to the reasonable cost (including all fees, expenses and commissions) of entering into replacement transactions and entering into or terminating hedge transactions in connection with or as a result of an Event of Default and (iiic) any other reasonable loss, damage, cost or expense directly arising or resulting from the occurrence of an Event of Default in respect of a defaulting party.

Liability for Expenses and Damages. The Seller shall be liable to the Buyers Buyer for (ia) the amount of all reasonable legal or other expenses incurred by the Buyers Buyer in connection with or as a result of an Event of Default, (iib) damages in an amount equal to the reasonable cost (including all fees, expenses and commissions) of entering into replacement transactions and entering into or terminating hedge transactions in connection with or as a result of an Event of Default and (iiic) any other reasonable loss, damage, cost or expense directly arising or resulting from the occurrence of an Event of Default in respect of a defaulting party.