Relationship to Code liability Clause Samples
Relationship to Code liability. It is intended that the total liability of the Provider in respect of all events occurring in any financial year for all breaches of the regulations and the Code in its capacity as pricing manager, and under or in connection with this agreement, (with the exception of liability arising from any wilful breach or fraud on the part of the Provider or for liability arising under clauses 9.2 or 10 of this agreement) will be limited to the amount set out in clause 14.3. If the Provider incurs any liability in excess of such limit for all events in any financial year (whether in breach of the regulations or the Code or under or in connection with this agreement):
14.5.1 the liability of the Provider under this agreement will be reduced accordingly; and
14.5.2 the Authority will refund to the Provider any payments already made by the Provider to the Authority in respect of liability under this agreement to the extent required to give effect to this clause 14.5.
Relationship to Code liability. It is intended that the total liability of the Provider in respect of all events occurring in any financial year for all breaches of the regulations and the Code in its capacity as registry manager, and under or in connection with this agreement, (with the exception of liability arising from any wilful breach or fraud on the part of the Provider or for liability arising under clauses 9.2 or 10 of this agreement) will be limited to the amount set out in clause 14.3.
Relationship to Code liability. It is intended that the total liability of the Provider in respect of all events occurring in any financial year for all breaches of the regulations and the Code in its capacity as clearing manager, and under or in connection with this agreement, (with the exception of liability arising from any wilful breach or fraud on the part of the Provider or for liability arising under clauses 9.2 or 10 of this agreement or for liability under regulation 67 of the regulations) will be limited to the amount set out in clause 14.3. If the Provider incurs any liability in excess of such limit for all events in any financial year (whether in breach of the regulations or the Code or under or in connection with this agreement):
14.5.1 the liability of the Provider under this agreement will be reduced accordingly; and
14.5.2 the Authority will refund to the Provider any payments already made by the Provider to the Authority in respect of liability under this agreement to the extent required to give effect to this clause 14.5.