Common use of No Liability Clause Clause in Contracts

No Liability Clause. The Bank shall assume no liability for damage in any of the following cases: (i) When the provision of any transactions or services under this Transaction is delayed or suspended, or becomes unavailable due to disasters, riot or accident in transit, failure of telecommunications equipment or circuits resulting from force majeure, actions of judicial or other public entities or any other cause beyond the reasonable control of the Bank, or any event arising through no fault of the Bank; (ii) When the securities held in safekeeping or custody accounts are lost, damaged or destroyed due to the same cause as set forth in the preceding Item; (iii) When the damage is attributable to any third party financial institution other than the Bank, or other third party investment trust management company; or (iv) When the damage results from any event not attributable to the Bank, including, for example, erroneous transmission of telecommunications media, misdelivery of mails, or delayed transmission or delivery thereof.

Appears in 10 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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