Common use of LIABILITY OF TP Clause in Contracts

LIABILITY OF TP. 8.1 TP is not liable towards the Payment Partner unless the Payment Partner incurred damage that is directly attributable to intent or wilful recklessness by TP. TP's total liability towards the Payment Partner is restricted (cumulatively) to the amount that is paid in the relevant case on the grounds of the liability insurance taken out by TP. If, for any reason whatsoever, no payment of this insurance should take place, any liability of TP towards the Payment Partner, regardless the legal ground, is restricted (cumulatively) to EUR 10,000 (ten thousand euros) or the equivalent in the local currency. 8.2 Amounts payable by Customers shall only be contributed to the balance payable by TP to the Payment Partner in accordance with Clause 6.5 to the extent that such amount is received by TP or the Foundation.TP is not liable for any damage that occurs because Customers do not fulfil their financial obligations towards the Payment Partner. 8.3 The Payment Partner will notify TP immediately and no later than thirteen (13) months after the value date of a non-permitted or incorrect payment transaction in via e-mail.

LIABILITY OF TP. 8.1 TP is not liable towards the Payment Partner unless the Payment Partner incurred damage that is directly attributable to intent or wilful recklessness gross negligence by TP. TP's total liability towards the Payment Partner is restricted (cumulatively) to the amount that is paid in the relevant case on the grounds of the liability insurance taken out by TP. If, for any reason whatsoever, no payment of this insurance should take place, any liability of TP towards the Payment Partner, regardless the legal ground, is restricted (cumulatively) to EUR 10,000 (ten thousand euros) or the equivalent in the local currency. 8.2 Amounts payable by Customers shall only be contributed to the balance payable by TP to the Payment Partner in accordance with Clause 6.5 to the extent that such amount is received by TP or the Foundation.TP is not liable for any damage that occurs because Customers do not fulfil their financial obligations towards the Payment Partner. 8.3 The Payment Partner will notify TP immediately and no later than thirteen (13) months after the value date of a non-permitted or incorrect payment transaction in via e-mail.