Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided in Section 6, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct. 7.2 The maximum liability of Owner for Product loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer, plus any fines and penalties actually levied against and paid by Customer by reason of such fault on Owner's part. Owner shall utilize commercially reasonable efforts, in lieu of payment for any Product loss, to replace such Product with Product of like grade and quality. 7.3 EXCEPT FOR THE PARTIES' INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDER.
Appears in 2 contracts
Samples: Terminaling Services Agreement, Terminaling Services Agreement (TransMontaigne Partners L.P.)
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided in Section 6, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 The maximum liability Liability of Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss Loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer or Customer’s immediate purchaser in damage to equipment into which such Product was delivered from the Storage Tanks, plus any fines and penalties actually levied or imposed by anyone including federal, state or local governments against and paid by Customer or Customer’s immediate purchaser by reason of such fault on Owner's ’s part. Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossProduct, to replace such Product with Product of like grade and quality.
7.3 7.2 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, AND EXCEPT FOR CUSTOMER’S MINIMUM USE COMMITMENTS, THE PARTIES' ’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY ONLY, AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDEREach Party acknowledges its duty to mitigate damages hereunder.
Appears in 2 contracts
Samples: Terminaling and Storage Agreement, Terminaling and Storage Agreement (SemGroup Energy Partners, L.P.)
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided in Section 6, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 The maximum liability Liability of Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss Loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer or Customer’s immediate purchaser in damage to equipment into which such Product was delivered from the System, plus any fines and penalties actually levied or imposed by anyone including federal, state or local governments against and paid by Customer or Customer’s immediate purchaser by reason of such fault on Owner's ’s part. Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossProduct, to replace such Product with Product of like grade and quality.
7.3 7.2 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, AND EXCEPT FOR CUSTOMER’S MINIMUM USE COMMITMENTS, THE PARTIES' ’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY ONLY, AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDEREach Party acknowledges its duty to mitigate damages hereunder.
Appears in 2 contracts
Samples: Throughput Agreement (SemGroup Energy Partners, L.P.), Throughput Agreement (SemGroup Energy Partners, L.P.)
Limitation of Liability and Damages. 7.1 Upon transfer of custody AZCOMP's maximum liability, and risk of loss to Customer as provided in Section 6the customer's sole remedy, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including claim arising under this agreement will be the Product) arising out refund of possession or use of an amount not exceeding the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 The maximum liability of Owner for Product loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer, plus any fines and penalties actually levied against and Subscription fees paid by Customer by reason of such fault on Owner's partthe customer for the period during which the claim arose. Owner shall utilize commercially reasonable efforts, in lieu of payment for any Product loss, to replace such Product with Product of like grade and quality.
7.3 EXCEPT FOR THE PARTIES' INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY AND NEITHER PARTY IN NO EVENT SHALL AZCOMP BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCEANY SPECIAL INCIDENTAL, LOST PROFITS INDIRECT OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, CONSEQUENTIAL DAMAGES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, THOSE RESULTING FROM LOSS OF USE, DATA OR PROFITS, WHETHER OR NOT ADVISED OF THE POSSIBILITY OF SUCH DAMAGE, AND ON ANY THEORY OF LIABILITY, ARISING OUT OF OR IN ANY WAY CONNECTED CONNECTION WITH THE PERFORMANCEUSE OR PERFORMANCE OF THE SERVICES AND INFORMATION PROVIDED. SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, SO THE SUSPENSION OF PERFORMANCEABOVE LIMITATION MAY NOT APPLY TO YOU. Without limiting the generality of the foregoing, AZCOMP is not responsible for long-distance telephone charges incurred in connection with your use of the Plan. AZCOMP SUPPORT SERVICES ARE PROVIDED "AS IS." AZCOMP HEREBY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESS AND IMPLIED, REGARDING THE FAILURE TO PERFORMSERVICES OR ANY RELATED MATERIALS, OR THE TERMINATION OF THIS AGREEMENTINCLUDING FITNESS FOR A PARTICULAR PURPOSE, QUALITY, MERCHANTABILITY, ACCURACY, AND NON-INFRINGEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDERCustomer grants AZCOMP authorization to view any data within the regular routine of the repair or system improvement. Customer also authorizes AZCOMP to reasonably delete, change, and/or rewrite any necessary information to complete the system repair or improvement that is consistent with the standards and practices in the industry.
Appears in 2 contracts
Samples: Managed Services Agreement, Managed Services Agreement
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided in Section 6, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 The maximum liability Liability of Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss Loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer, plus any fines and penalties actually levied against and paid by Customer by reason of such fault on Owner's part. Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossLoss, to replace such Product with Product of like grade and qualityquality and reasonably acceptable to Customer.
7.3 7.2 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' ’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY ONLY, AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS PROFITS, DIMINUTION IN VALUE OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDER.
7.3 Notwithstanding anything herein to the contrary: (a) in no event will Owner be responsible or liable hereunder for any Customer Responsibility; and (b) in no event will Customer be responsible or liable hereunder for any Owner Responsibility.
Appears in 2 contracts
Samples: Storage, Throughput and Handling Agreement (Blueknight Energy Partners, L.P.), Contribution Agreement (Blueknight Energy Partners, L.P.)
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided in Section 6, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 The maximum liability Liability of Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss or immediately prior to its contaminationLoss, plus the costs and expenses actually, reasonably and necessarily incurred by Customer or Customer’s immediate purchaser in damage to equipment into which such Product was delivered from the Storage Tanks, plus any fines and penalties actually levied or imposed by anyone including federal, state or local governments against and paid by Customer or Customer’s immediate purchaser by reason of such fault on Owner's ’s part. Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossProduct, to replace such Product with Product of like grade and quality.
7.3 7.2 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' ’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY ONLY, AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDER.
Appears in 1 contract
Samples: Terminaling and Storage Agreement (SemGroup Energy Partners, L.P.)
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided in Section 6, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 The maximum liability Liability of any Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the applicable Product at the time of the Product loss Loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer, plus any fines and penalties actually levied against and paid by Customer by reason of such fault on Owner's part. Such Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossLoss, to replace such Product with Product of like grade and quality.
7.3 7.2 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' ’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY ONLY, AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS PROFITS, DIMINUTION IN VALUE OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDER.
Appears in 1 contract
Samples: Master Storage, Throughput and Handling Agreement (Blueknight Energy Partners, L.P.)
Limitation of Liability and Damages. 7.1 Upon transfer throughput of custody and risk of loss to Customer Customer’s Product, as provided in Section 6above, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the ProductProducts) arising out of possession or use of the Product, except to the extent that such loss, damage or injury involves a Product Loss or loss or damage to other property or injury to persons is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct’s sole negligence.
7.2 The maximum liability of Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss Loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer or Customer’s immediate purchaser in damage to equipment, cleaning and repairing trucks, and facilities into which such Product was delivered at the Terminal, plus any fines and penalties actually levied against and paid by Customer or Customer’s immediate purchaser by reason of such fault on Owner's ’s part. Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossLoss, to replace such Product with Product of like grade and quality.
7.3 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' ’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDER.
Appears in 1 contract
Samples: Terminaling Services Agreement (TransMontaigne Partners L.P.)
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided Utilizing the prices set out in Section 68 of Attachment "A", Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 The maximum liability of Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss Loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer or Customer's immediate purchaser in damage to equipment, cleaning and repairing trucks, and facilities into which such Product was delivered at the Terminal, plus any fines and penalties actually levied against and paid by Customer or Customer's immediate purchaser by reason of such fault on Owner's part. Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossProduct, to replace such Product with Product of like grade and quality.
7.3 7.2 EXCEPT FOR THE PARTIES' INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDEREach Party acknowledges its duty to mitigate damages hereunder.
Appears in 1 contract
Samples: Terminaling and Transportation Services Agreement (TransMontaigne Partners L.P.)
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided in Section 6, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's ’s gross negligence or willful misconduct.
7.2 The maximum liability of Owner for Product loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer, plus any fines and penalties actually levied against and paid by Customer by reason of such fault on Owner's ’s part. Owner shall utilize commercially reasonable efforts, in lieu of payment for any Product loss, to replace such Product with Product of like grade and quality.
7.3 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' ’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDER.
Appears in 1 contract
Samples: Terminaling Services Agreement (TransMontaigne Partners L.P.)
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided in Section 6, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 8.1 The maximum liability Liability of Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss Loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer, plus any fines and penalties actually levied against and paid by Customer by reason of such fault on Owner's part. Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossLoss, to replace such Product with Product of like grade and quality.
7.3 8.2 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' ’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY ONLY, AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS PROFITS, DIMINUTION IN VALUE OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDER.
Appears in 1 contract
Samples: Owner Operated Storage, Throughput and Handling Agreement (Blueknight Energy Partners, L.P.)
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided in Section 6, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 The maximum liability Liability of Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss Loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer or Customer’s immediate purchaser in damage to equipment into which such Product was delivered from the Storage Tanks, plus any fines and penalties actually levied or imposed by anyone including federal, state or local governments against and paid by Customer or Customer’s immediate purchaser by reason of such fault on Owner's ’s part. Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossProduct, to replace such Product with Product of like grade and quality.
7.3 7.2 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, AND EXCEPT FOR CUSTOMER’S MINIMUM USE COMMITMENTS, THE PARTIES' ’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY ONLY, AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDER.
Appears in 1 contract
Samples: Terminaling and Storage Agreement (SemGroup Energy Partners, L.P.)
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided in Section 6, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 The maximum liability Liability of Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss Loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer, plus any fines and penalties actually levied against and paid by Customer by reason of such fault on Owner's part. Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossLoss, to replace such Product with Product of like grade and qualityquality and reasonably acceptable to Customer.
7.3 7.2 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' ’ LIABILITY FOR DAMAGES LOSSES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY ONLY, AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS PROFITS, DIMINUTION IN VALUE OR OTHER BUSINESS INTERRUPTION DAMAGESDAMAGES (IN EACH CASE, TO THE EXTENT NOT A DIRECT LOSS), OR SPECIAL, CONSEQUENTIAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES (COLLECTIVELY REFERRED TO AS “SPECIAL DAMAGES”), IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDER.
7.3 Notwithstanding anything herein to the contrary: (a) in no event will Owner be responsible or liable hereunder for any Customer Responsibility; and (b) in no event will Customer be responsible or liable hereunder for any Owner Responsibility.
Appears in 1 contract
Samples: Asphalt Services Agreement (Delek Logistics Partners, LP)
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided Utilizing the prices set out in Section 68 of Attachment “A”, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 The maximum liability of Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss Loss or immediately prior to its contamination, plus the costs and expenses actually, reasonably and necessarily incurred by Customer or Customer’s immediate purchaser in damage to equipment, cleaning and repairing trucks, and facilities into which such Product was delivered at the Terminal, plus any fines and penalties actually levied against and paid by Customer or Customer’s immediate purchaser by reason of such fault on Owner's ’s part. Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossProduct, to replace such Product with Product of like grade and quality.
7.3 7.2 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' ’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDEREach Party acknowledges its duty to mitigate damages hereunder.
Appears in 1 contract
Samples: Terminaling and Transportation Services Agreement (Transmontaigne Inc)
Limitation of Liability and Damages. 7.1 Upon transfer of custody and risk of loss to Customer as provided in Section 6, Owner shall have no further responsibility for any loss, damage or injury to persons or property (including the Product) arising out of possession or use of the Product, except to the extent that such loss, damage or injury is caused by Product loss attributable to Owner or Owner's gross negligence or willful misconduct.
7.2 The maximum liability Liability of Owner for Product loss Loss will not exceed, and is strictly limited to, the market value of the Product at the time of the Product loss or immediately prior to its contaminationLoss, plus the costs and expenses actually, reasonably and necessarily incurred by Customer or Customer’s immediate purchaser in damage to equipment into which such Product was delivered from the System, plus any fines and penalties actually levied or imposed by anyone including Governmental Authorities against and paid by Customer or Customer’s immediate purchaser by reason of such fault on Owner's ’s part. Owner shall utilize commercially reasonable effortsmay, in lieu of payment for any Product lossProduct, to replace such Product with Product of like grade and quality.
7.3 7.2 EXCEPT FOR THE PARTIES' ’ INDEMNIFICATION OBLIGATIONS WITH RESPECT TO CLAIMS OF THIRD PARTIES, THE PARTIES' ’ LIABILITY FOR DAMAGES HEREUNDER IS LIMITED TO DIRECT, ACTUAL DAMAGES ONLY ONLY, AND NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR SPECIFIC PERFORMANCE, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, OR SPECIAL, CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, IN TORT, CONTRACT OR OTHERWISE, OF ANY KIND, ARISING OUT OF OR IN ANY WAY CONNECTED WITH THE PERFORMANCE, THE SUSPENSION OF PERFORMANCE, THE FAILURE TO PERFORM, OR THE TERMINATION OF THIS AGREEMENT. EACH PARTY ACKNOWLEDGES ITS DUTY TO MITIGATE DAMAGES HEREUNDER.
Appears in 1 contract
Samples: Throughput Agreement (SemGroup Energy Partners, L.P.)