Common use of Status of Company Clause in Contracts

Status of Company. Company enters into this Agreement for itself and as agent for and on behalf of the other Co-Venturers. Without prejudice to the provisions of Clause 23.7 and notwithstanding the above, all losses, damages, costs (including legal costs) and expenses recoverable by Company pursuant to this Agreement or otherwise shall include the losses, damages, costs (including legal costs) and expenses of Company’s Co-Venturers and its and their respective Affiliates except that such losses, damages, costs (including legal costs) and expenses shall be subject to the same limitations or exclusions of liability as are applicable to either Party under this Agreement. For the avoidance of doubt any and all limitations of Contractor’s liability set out in this Agreement shall represent the aggregate cumulative liability of the liability of the Contractor Group to the Company Group.