Reduction in Liability Sample Clauses

Reduction in Liability. The liability of a party for loss or damage sustained by the other party under this Contract will be reduced proportionately to the extent that such loss or damage has been caused by the other party’s failure to comply with its obligations and responsibilities under the Contract or to the extent that the other party’s negligence or failure to mitigate has contributed to such loss or damage, regardless of whether a claim is made by the other party for breach of contract or negligence.

Reduction in Liability. ‌ Party A’s Liability shall be reduced proportionately to the extent that a wilful or negligent act or omission of Party B or its Personnel contributed to the Liability.

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. 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. 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. 6.1 The liability of the Vendor in respect of any Claim shall be reduced:- 6.1.1 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 6.1.2 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 6.1.3 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 6 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 3 of this Schedule 6. 6.2 The Vendor will have no liability (or such liability will be reduced) in respect of any Claim: 6.2.1 if and to the extent that provision or reserve for or in respect of the liability or other matter giving rise to such claim has been made in the Last Accounts; 6.2.2 if and to the extent that the Claim occurs as a result of or is otherwise attributable to the Purchaser or any Group Company disclaiming any part of the benefit of capital or other allowances against Taxation claimed or proposed to be claimed on or before the date of this Agreement; 6.2.3 if and to the extent that the Claim is attributable to any voluntary act or omission of, or transaction or arrangement carried out by, the Purchaser or any Group Company after the Completion Date otherwise than in the ordinary course of business; 6.2.4 if and to the extent that the Claim would not have arisen, or would have been reduced or eliminated, but for the failure or omission on the part of the Purchaser or any Group Company to make any claim, election, surrender or disclaimer or give notice or consent or do any other thing under the provisions of any enactment or regulation relating to Taxation after the date of Completion, the making, giving or doing of which was taken into account in computing the provision for Taxation in the Last Accounts; 6.2.5 if and to the extent that the Claim relates to a 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 Group Company; 6.2.6 if and to the extent the Claim would not have arisen but for a change of accounting polic...

Reduction in Liability. The Sellers (or any of them) shall have no liability (or such liability shall be reduced) in respect of any claim for breach of any of the representations and warranties made by the Sellers other than under ARTICLE 3:- (a) if and to the extent that specific 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; (b) if and to the extent that any liability of ▇▇▇▇▇▇ included in the Financial Statements has been discharged or satisfied below the amount of any specific provision or reserve in respect of it in the Financial Statements; (c) if and to the extent that such claim occurs or is increased as a result of any change in legislation after the date of this Agreement (or any legislation not in force at the date of this Agreement) which takes effect retrospectively or the withdrawal after the date of this Agreement of any published concession or published general practice previously made by the Revenue Commissioners or other taxing authority (both within and outside Ireland); (d) if and to the extent that such claim occurs or is increased as a result of any increase in the rate of taxation in force at the date of this Agreement;