Common use of Relative Responsibilities Clause in Contracts

Relative Responsibilities. Each Party assumes all responsibility for receipt and delivery of electricity on its system to and from the Points of Interconnection specified in Section 1.01 hereof or agreed upon pursuant to Section 1.02 hereof or as requested by PSI pursuant to Section 4.01. Neither Party assumes any responsibility with respect to the construction, installation, maintenance or operation of the system of the other Party or of the systems of third parties, in whole or in part. In no event shall one Party be liable to the other Party for damage or injury to any person or property, whatsoever, arising, accruing or resulting from, in any manner, the receiving, transmission, control, use, application or distribution of said electric power and energy. Each Party shall use reasonable diligence to maintain its facilities in proper and serviceable condition, and shall take reasonable steps and precautions for maintaining the services agreed to be provided and received under the 1992 Agreement. Each Party shall be responsible for its own compliance with all applicable environmental regulations and shall bear all costs arising from its failure to comply with such environmental regulations." 2.01 This Sixth Amendment shall be effective as of February 15, 1998 or as of the date it becomes effective under applicable regulations or orders of FERC, whichever is later. 3.01 This Sixth Amendment is made subject to the jurisdiction of any governmental authorities having jurisdiction in the premises.