Liability of the Administrator. The Administrator shall not be liable to the Company for any Losses arising from the Services unless and to the extent that such Loss resulted from: (a) the fraud, gross negligence, recklessness or willful misconduct of the Administrator or any of its Affiliates or any of their respective employees, agents or subcontractors (“Administrator Misconduct”); or (b) any breach of this Agreement by the Administrator of any of its Affiliates.
Appears in 3 contracts
Samples: Administrative Services Agreement, Administrative Services Agreement (Scorpio Bulkers Inc.), Administrative Services Agreement (Scorpio Tankers Inc.)
Liability of the Administrator. The Administrator shall not be liable to the Company for any Losses arising from the Services unless and to the extent that such Loss resulted from:
(a) the fraud, gross negligence, recklessness or willful misconduct of the Administrator or any of its Affiliates or any of their respective employees, agents or subcontractors (“"Administrator Misconduct”"); or
(b) any breach of this Agreement by the Administrator of any of its Affiliates.
Appears in 1 contract
Samples: Administrative Services Agreement (Scorpio Tankers Inc.)
