Common use of Limitations under National Electricity Law Clause in Contracts

Limitations under National Electricity Law. ‌ Where the operation of the National Electricity Law would, in the absence of this clause 25 (“Liability and indemnity”), limit or reduce any liability that the First Party has to the Affected Party for any Direct Loss or Third Party Claim, whether by way of a per event liability cap or an aggregate liability cap (“Relevant Limitation”) and the Relevant Limitation is more favourable than a limitation of liability provided under this clause 25 (“Liability and indemnity”), the First Party’s liability will be determined on the basis that it is entitled to claim the benefit of the Relevant Limitation.