Common use of Limitation of liability a Clause in Contracts

Limitation of liability a. The Borrower shall promptly indemnify each Finance Party for all costs and expenses reasonably and properly incurred by that Finance Party as a result of steps taken by it under Clause 15.1 (Mitigation). b) A Finance Party is not obliged to take any steps under this Clause 15.1 if, in the opinion of that Finance Party (acting reasonably), to do so might be prejudicial to it. 16

Appears in 4 contracts

Samples: Facilities Agreement (Flex LNG Ltd.), Version Facilities Agreement (Flex LNG Ltd.), Flex LNG Ltd.

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Limitation of liability a. The Borrower shall promptly indemnify each Finance Party for all costs and expenses reasonably and properly incurred by that Finance Party as a result of steps taken by it under Clause 15.1 18.1 (Mitigation). b) A Finance Party is not obliged to take any steps under this Clause 15.1 if, in the opinion of that Finance Party (acting reasonably), to do so might be prejudicial to it. 16.

Appears in 1 contract

Samples: Multicurrency Revolving Facility Agreement (Schroder Ventures International Investment Trust PLC)

Limitation of liability a. The Borrower shall promptly indemnify each Finance Party for all costs and expenses reasonably and properly incurred by that Finance Party as a result of steps taken by it under Clause 15.1 (Mitigation). b) A Finance Party is not obliged to take any steps under this Clause 15.1 if, in the opinion of that Finance Party (acting reasonably), to do so might be prejudicial to it. 16.

Appears in 1 contract

Samples: Facility Agreement (Bunge LTD)

Limitation of liability a. The Borrower Borrowers shall promptly indemnify each Finance Party for all costs and expenses reasonably and properly incurred by that Finance Party as a result of steps taken by it under Clause 15.1 (Mitigation). (b) A Finance Party is not obliged to take any steps under this Clause 15.1 if, in the opinion of that Finance Party (acting reasonably), to do so might be prejudicial to it. 16BD-#34696673-v11 44

Appears in 1 contract

Samples: Agreement (Flex LNG Ltd.)

Limitation of liability a. The Borrower shall promptly indemnify each Finance Party for all costs and expenses reasonably and properly incurred by that Finance Party as a result of steps taken by it under Clause 15.1 16.1 (Mitigation). b) A Finance Party is not obliged to take any steps under this Clause 15.1 if, in the opinion of that Finance Party (acting reasonably), to do so might be prejudicial to it. 16.

Appears in 1 contract

Samples: Term and Revolving Facilities Agreement (Cemex Sa De Cv)

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Limitation of liability a. The Borrower Borrowers shall promptly indemnify each Finance Party for all costs and expenses reasonably and properly incurred by that Finance Party as a result of steps taken by it under Clause 15.1 (Mitigation). b) A Finance Party is not obliged to take any steps under this Clause 15.1 if, in the opinion of that Finance Party (acting reasonably), to do so might be prejudicial to it. 16.

Appears in 1 contract

Samples: 3 Facilities Agreement (Flex LNG Ltd.)

Limitation of liability a. The Borrower Borrowers shall promptly indemnify each Finance Party for all costs and expenses reasonably and properly incurred by that Finance Party as a result of steps taken by it under Clause 15.1 (Mitigation). b) A Finance Party is not obliged to take any steps under this Clause 15.1 if, in the opinion of that Finance Party (acting reasonably), to do so might be prejudicial to it. 16

Appears in 1 contract

Samples: Facilities Agreement (Flex LNG Ltd.)

Limitation of liability a. The Borrower Borrowers shall promptly indemnify each Finance Party for all costs and expenses reasonably and properly incurred by that Finance Party as a result of steps taken by it under Clause 15.1 (Mitigation). (b) A Finance Party is not obliged to take any steps under this Clause 15.1 (Mitigation) if, in the opinion of that Finance Party (acting reasonably), to do so might be prejudicial to it. 16.

Appears in 1 contract

Samples: Agreement (Danaos Corp)

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