Reduction in Liability Sample Clauses

Reduction in Liability. If the Reinsurer does not Opt Out, and the Company’s contest, compromise, or litigation results in a reduction in its liability, the Reinsurer shall share in the reduction in the proportion that the Reinsurer’s liability bears to the total liability on the insured’s date of death.

Reduction in Liability. Each Party’s liability under clause 8.1 shall be reduced proportionately to the extent that an unlawful or negligent act or omission of the Indemnified Party or its Personnel, or a material breach of this Agreement by the Indemnified Party contributed to the Liability.

Reduction in Liability. Supplier’s liability to the Client for loss or damage of any kind in contract, tort, under any statute or otherwise (including negligence), whether claimed under an indemnity in this Agreement or otherwise, arising from or relating to this Agreement or its subject matter, is reduced to the extent that the Client or a third party causes or contributes to the loss or damage.

Reduction in Liability. The Audit Service Provider’s liability under this clause shall be reduced to the extent to which any action, proceeding, claim or demand arises out of any negligence or other wrongful act or wrongful omission of the Auditor-General or its servants, employees or agents.

Reduction in Liability. The Vendors (or any of them) shall have no liability (or such liability shall be reduced) in respect of any Claim: 6.16.1 if and to the extent that allowance, provision or reserve for or in respect of the liability or other matter giving rise to such claim has been made in the Financial Statements or Interim Balance Sheet or such liability or matter was specifically referred to in the notes to the Financial Statements or Interim Balance Sheet; 6.16.2 if and to the extent that such claim is attributable to or would not have arisen or would have been reduced or eliminated but for any voluntary act, omission, transaction or arrangement carried out after Completion by the Purchaser, any Acquired Company and/or any subsidiary of the Purchaser and/or any person connected with the Purchaser and/or an Acquired Company otherwise than in the ordinary and usual course of business of the Company as presently carried on; 6.16.3 if and to the extent that such claim relates to or is increased by a claim or liability for Taxation which would not have arisen but for any winding up or cessation after Completion of any trade or business carried on by any Acquired Company, except for the winding up or cessation of any trade or business carried on by CEM Barbados; 6.16.4 if and to the extent such claim would not have arisen or would have been reduced or eliminated but for a change of accounting policy or practice of any Acquired Company after Completion; 6.16.5 if and to the extent of any relief or reduction in Taxation arising by virtue of the loss or damage in respect of which the Claim was made; 6.16.6 if and to the extent that such Claim has arisen in respect of any act or omission stipulated to be carried out or omitted pursuant to or which is contemplated by the terms of this Agreement; and 6.16.7 if and to the extent that the liability or other matter giving rise to such Claim has been taken into account in the consolidated current liabilities of the Acquired Companies comprised in the Completion Working Capital (as agreed or determined in accordance with Clause 7.2).

Reduction in Liability. «Short_Name»’s liability to indemnify the Customer under clause 15.1 shall be reduced proportionately to the extent that any act or omission of the Customer or its officers, employees or agents contributed to the loss or liability.

Reduction in Liability. 5.1 The liability of the Warrantors in respect of any Claim shall be reduced:- 5.1.1 to the extent of the amount by which any Taxation for which the Company is liable to be assessed or accountable is reduced or extinguished as a result of any such liability; and 5.1.2 to the extent of the amount of any losses or other allowable sums available (as a result of any such liability) for set off against Taxation; and 5.1.3 by the amount by which any reserves or provisions in the last Accounts are found to be in excess of the amounts actually required in respect of the matters for which provisions or reserves were made, and any reduction in the amount of liability under this paragraph 5 shall be taken into account for the purpose of ascertaining the amount of the loss sustained in connection with the financial limits referred to in paragraph 2 of this Schedule 12.

Reduction in Liability. The Warrantors shall have no liability (or such liability shall be reduced) in respect of any claim under the General Warranties or the Tax Warranties: 6.6.1 if and to the extent that the events and circumstances giving rise to such claim have been Disclosed; 6.6.2 if and to the extent that the subject matter thereof or the fact, event or circumstance giving rise thereto was taken into account in the calculation of any amount or value in the 2017 Accounts or the 2018 Accounts or to the extent that specific provision, accrual, allowance, reserve or note has been made in the 2017 Accounts or the 2018 Accounts in respect of subject matter thereof or the fact, event or circumstance giving rise thereto; 6.6.3 if and to the extent that such claim arises or is increased as a result of: (i) any increase in rates of Tax or any new Tax after the date of this Agreement; or (ii) any change in any law, legislation or regulation (including any new law, legislation, rule or regulation) that comes into force or otherwise takes effect after the date of this Agreement; or 6.6.4 in respect of indirect or consequential loss other than any loss of profit or economic loss; 6.6.5 if and to the extent that such claim is attributable to or is increased by any voluntary act, omission, transaction or arrangement carried out by any Seller at the written request of the Purchaser or any member of the Purchaser Group after Completion or under the terms of this Agreement or any other agreement contemplated by it; or 6.6.6 if and to the extent that such claim is attributable to or is increased by any voluntary act, omission, transaction or arrangement carried out by the Purchaser or any member of the Purchaser Group after Completion or under the terms of this Agreement or any other agreement contemplated by it.

Reduction in Liability. To the extent permitted by law, the Principal’s liability to the Contractor under or in connection with a Statement of Work will be reduced proportionately to the extent, if any, to which any acts or omissions of the Contractor have caused or contributed to the relevant Loss suffered or incurred by the Contractor.

Reduction in Liability. The Audit Service Provider’s liability under this clause shall be reduced to the extent to which any action, proceeding, claim or demand arises out of any negligence or other wrongful act or wrongful omission of the Auditor-General or its servants, employees or agents. Liquidated Damages In addition to any other rights under this Agreement or at law, if: the Audit Service Provider fails to provide the services necessary to complete the Phases by the Completion Dates set out in the Work Program; the Audit Service Provider fails to meet any specified date for the completion of the Audit Services or any part thereof nominated in the Financial Audit Policy Manual; the Audit Service Provider fails to provide the Audit Services to in accordance with clause 3.2; or the Auditor-General terminates this Agreement prior to the Termination Date under clause 12.1(a), 12.1(b), 12.1(c) or 12.1(d) liquidated damages specified in Error: Reference source not found of Schedule 1 shall be paid by the Audit Service Provider to the Auditor-General. The parties agree that the liquidated damages specified constitute a fair and reasonable pre-estimate, as far as is possible, of the loss that will be suffered by the Auditor-General. Goods and Services Tax Terms used in this clause 14 have the meanings given to them in the GST Law. Unless otherwise expressly stated, all prices or other sums payable or consideration to be provided under or in accordance with this Agreement are inclusive of GST. The recipient’s obligation to pay the GST component of the consideration is subject to it receiving a valid tax invoice in respect of the supply at or before the time of payment. If this Agreement requires a party to pay for, reimburse or contribute to any expense, loss or outgoing (Reimbursable Expense) suffered or incurred by another party, the amount required to be paid, reimbursed or contributed by the first party will be the amount of the Reimbursable Expense net of input tax credits (if any) to which the other party is entitled in respect of the Reimbursable Expense plus any GST payable by the other party. Notices Method of Service In addition to any means authorised by law a communication may be given by: being personally served on a party; being left at the party’s current address for service; being sent to the party’s current address for service by pre-paid ordinary mail; or electronic mail to the party’s current e-mail address; or facsimile to the party’s current facsimile number for...