Common use of LIABILITY FOR LOSSES, DAMAGES Clause in Contracts

LIABILITY FOR LOSSES, DAMAGES. INJURY OR DEATH. Liability for losses, damages, injury or death arising from operations under this Agreement shall be borne by the PARTIES in proportion to their PARTICIPATING INTERESTS in the operations out of which such liability arises, except when such liability results from the gross negligence or willful misconduct of any party, in which case such PARTY shall be liable.