Liability to Owners 322 Sample Clauses

Liability to Owners 322. (i) Without prejudice to Sub-clause 17(a), the Managers shall be under no liability whatsoever to the Owners 323 for any loss, damage, delay or expense of whatsoever nature, whether direct or indirect, (including but 324 not limited to loss of profit arising out of or in connection with detention of or delay to the Vessel) and 325 howsoever arising in the course of performance of the Management Services UNLESS same is proved 326 to have resulted solely from the negligence, gross negligence or wilful default of the Managers or their 327 employees or agents, or sub-contractors employed by them in connection with the Vessel, in which case 328 (save where loss, damage, delay or expense has resulted from the Managers’ personal act or omission 329 committed with the intent to cause same or recklessly and with knowledge that such loss, damage, 330 delay or expense would probably result) the Managers’ liability for each incident or series of incidents 331 giving rise to a claim or claims shall never exceed a total of ten (10) times the annual management fee 332 payable hereunder. 333 (ii) Acts or omissions of the Crew - Notwithstanding anything that may appear to the contrary in this 334 Agreement, the Managers shall not be liable for any acts or omissions of the Crew, even if such acts 335 or omissions are negligent, grossly negligent or wilful, except only to the extent that they are shown to 336 have resulted from a failure by the Managers to discharge their obligations under Clause 5(a) (Crew 337 Management), in which case their liability shall be limited in accordance with the terms of this Clause 338 17 (Responsibilities). 339
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  • Insurance, Subcontractor's Public Liability and Property Damage The Contractor shall require each of its subcontractors to secure and maintain during the life of the subcontract, insurance of the type specified in this Contract, or, the Contractor may insure the activities of its subcontractors in the Contractor’s policy, as specified in this Contract.

  • Products and Completed Operations Personal Injury Liability Contractual Liability The policy shall be on an occurrence form and limits shall not be less than: $1,000,000 Each Occurrence $2,000,000 General Aggregate $1,000,000 Products/Completed Operations Aggregate $1,000,000 Personal & Advertising Injury

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  • Your liability to us (alleged) illegal use, etc (a) This clause applies where: (i) your Service is actually or allegedly used in a way that breaches any law or infringes the rights of any third party; and (ii) we suffer loss or reasonably incur expense as a result. (b) You must make good our loss and reimburse our expenses on request.

  • Maintenance of Physical Damage Insurance Policies The Servicer shall, in accordance with its customary servicing procedures and underwriting standards, require that each Obligor shall have obtained physical damage insurance covering each Financed Vehicle as of the origination of the related Receivable.

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  • No Liability to Third Parties No person who is or has been a Trustee, officer, or employee of the Trust shall be subject to any personal liability whatsoever to any Person, other than the Trust or its Shareholders, in connection with the affairs of the Trust; and all Persons shall look solely to the Trust Property or Property of a Series for satisfaction of claims of any nature arising in connection with the affairs of the Trust or such Series. Every note, bond, contract, instrument, certificate, Share or undertaking and every other act or thing whatsoever executed or done by or on behalf of the Trust or the Trustees or any of them in connection with the Trust shall be conclusively deemed to have been executed or done only in or with respect to their or his capacity as Trustees or Trustee and neither such Trustees or Trustee nor the Shareholders shall be personally liable thereon. All Persons extending credit to, contracting with or having any claim against the Trust or a Series shall look only to the assets of the Trust Property or the Trust Property of such Series for payment under such credit, contract or claim; and neither the Trustees, nor any of the Trust's officers, employees or agents, whether past, present or future, shall be personally liable therefor.

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