Common use of LIMITATION OF LIABILITY; INDEMNIFICATION OF RECEIVING COMPANY Clause in Contracts

LIMITATION OF LIABILITY; INDEMNIFICATION OF RECEIVING COMPANY. Providing Company shall have no Liability to Receiving Company with respect to its furnishing any of the Services hereunder except for Liabilities arising out of the willful misconduct occurring after the Closing Date of Providing Company or any member of the Providing Company's Group. Providing Company will indemnify, defend and hold harmless Receiving Company Indemnitees in respect of all Liabilities related to, arising from, asserted against or associated with such willful misconduct. Such indemnification obligation shall be a Liability of the Providing Company for purposes of the Separation and Distribution Agreement and the provisions of Article V with respect to indemnification shall govern with respect thereto. In no event shall Providing Company or any member of the Providing Company's Group have any Liability for any incidental, indirect, special or consequential damages, whether or not caused by or resulting from negligence or breach of obligations hereunder and whether or not informed of the possibility of the existence of such damages.

Appears in 1 contract

Samples: Replication Agreement (Lucent Technologies Inc)

AutoNDA by SimpleDocs

LIMITATION OF LIABILITY; INDEMNIFICATION OF RECEIVING COMPANY. Providing Company shall have no Liability to Receiving Company with respect to its furnishing any of the Services hereunder except for Liabilities arising out of the willful misconduct or gross negligence occurring after the Closing Effective Date of Providing Company or any member of the Providing Company's Group. Providing Company will indemnify, defend and hold harmless Receiving Company Indemnitees in respect of all Liabilities related to, arising from, asserted against or associated with such willful misconductmisconduct or gross negligence. Such indemnification obligation shall be a Liability of the Providing Company for purposes of the Separation and Distribution Agreement and the provisions of Article V IV thereof with respect to indemnification shall govern with respect thereto. In no event shall Providing Company or any member of the Providing Company's Group have any Liability for any incidental, indirect, special or consequential damages, whether or not caused by or resulting from negligence or breach of obligations hereunder and whether or not informed of the possibility of the existence of such damages.

Appears in 1 contract

Samples: Interim Services Agreement (Mod Pac Corp)

LIMITATION OF LIABILITY; INDEMNIFICATION OF RECEIVING COMPANY. Providing Company shall have no Liability to Receiving Company with respect to its furnishing any of the Services hereunder except for Liabilities arising out of the willful misconduct occurring after the Closing Effective Date of Providing Company or any member of the Providing Company's Group. Providing Company will indemnify, defend and hold harmless Receiving Company Indemnitees in respect of all Liabilities related to, arising from, asserted against or associated with such willful misconduct. Such indemnification obligation shall be a Liability of the Providing Company for purposes of the Separation Contribution and Distribution Agreement and the provisions of Article V thereof with respect to indemnification shall govern with respect thereto. In no event shall Providing Company or any member of the Providing Company's Group have any Liability for any incidental, indirect, special or consequential damages, whether or not caused by or resulting from negligence or breach of obligations hereunder and whether or not informed of the possibility of the existence of such damages.

Appears in 1 contract

Samples: Replication Agreement (Avaya Inc)

LIMITATION OF LIABILITY; INDEMNIFICATION OF RECEIVING COMPANY. Providing Company shall have no Liability to Receiving Company with respect to its furnishing any of the Services hereunder except for Liabilities arising out of the willful misconduct occurring after the Closing Effective Date of Providing Company or any member of the Providing Company's Group. Providing Company will indemnify, defend and hold harmless Receiving Company Indemnitees in respect of all Liabilities related to, arising from, asserted against or associated with such willful misconduct. Such indemnification obligation shall be a Liability of the Providing Company for purposes of the Separation and Distribution Agreement and the provisions of Article V thereof with respect to indemnification shall govern with respect thereto. In no event shall Providing Company or any member of the Providing Company's Group have any Liability for any incidental, indirect, special or consequential damages, whether or not caused by or resulting from negligence or breach of obligations hereunder and whether or not informed of the possibility of the existence of such damages.

Appears in 1 contract

Samples: Interim Services and Systems Replication Agreement (Agere Systems Inc)

AutoNDA by SimpleDocs

LIMITATION OF LIABILITY; INDEMNIFICATION OF RECEIVING COMPANY. Each Providing Company and its Subsidiaries shall have no Liability to any Receiving Company with respect to its furnishing any of the Services hereunder except for Liabilities arising out of or resulting from the gross negligence or willful misconduct occurring after the Closing Genco Distribution Date of the Providing Company or any member of the Providing Company's Groupits Subsidiaries. Each Providing Company will indemnify, defend and hold harmless each Receiving Company Indemnitees in respect of all such Liabilities related to, arising from, asserted against out of or associated with resulting from such gross negligence or willful misconduct. Such indemnification obligation shall be a Liability of the Providing Company for purposes of the Genco Separation and Distribution Agreement Agreement, and the provisions of Article V III of the Genco Separation Agreement with respect to indemnification shall govern with respect thereto. In no event shall a Providing Company or any member of the Providing Company's Group its Subsidiaries have any Liability under this Agreement or otherwise arising out of or resulting from the performance of, or the failure to perform, Services for loss of anticipated profits by reason of any business interruption, facility shutdown or non-operation, loss of data or otherwise or for any incidental, indirect, special or consequential damages, whether or not caused by or resulting from negligence negligence, including gross negligence, or breach of obligations hereunder and whether or not the Providing Company or any of its Subsidiaries was informed of the possibility of the existence of such damages.

Appears in 1 contract

Samples: Transition Services Agreement (Texas Genco Holdings Inc)

LIMITATION OF LIABILITY; INDEMNIFICATION OF RECEIVING COMPANY. Providing Company shall have no Liability to Receiving Company with respect to its furnishing any of the Services hereunder except for Liabilities arising out of the willful misconduct or gross negligence occurring after the Closing Effective Date of Providing Company or any member of the Providing Company's ’s Group. Providing Company will indemnify, defend and hold harmless Receiving Company Indemnitees in respect of all Liabilities related to, arising from, asserted against or associated with such willful misconductmisconduct or gross negligence. Such indemnification obligation shall be a Liability of the Providing Company for purposes of the Separation and Distribution Agreement and the provisions of Article V with respect to indemnification shall govern with respect thereto. In no event shall Providing Company or any member of the Providing Company's ’s Group have any Liability for any incidental, indirect, special or consequential damages, whether or not caused by or resulting from negligence or breach of obligations hereunder and whether or not informed of the possibility of the existence of such damages.

Appears in 1 contract

Samples: Replication Agreement (Teradata Corp /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.