RECOVERY CLAUSE Sample Clauses

RECOVERY CLAUSE. (i) In case of any damage of equipment/machinery due to negligence of contractor or any other reasons attributed to contractor the decision of Engineer-in-charge regarding the amount of recovery shall be final and binding subject to a maximum of 10% of contract value. Recovery will be affected from the monthly bills and/or retention money/security deposit.
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RECOVERY CLAUSE. In the event the Coverage Provider recover amounts they have paid under these Coverage Guidelines, the Coverage Provider will reinstate the Limit of Liability of these Coverage Guidelines to the extent of such recovery, less its costs incurred in administering and obtaining such recovery. The Coverage Provider assume no duty to seek a recovery of any amounts paid under these Coverage Guidelines.
Sample 1Sample 2
RECOVERY CLAUSE. The Company is not obliged to make any payments by reason of occupational disability other than those prescribed by law, if and in so far as, in relation to such disability, the Employee has a claim against third parties for compensation for loss of salary. If, however, the Employee transfers this claim for compensation to the Company (assignment), it will make advance payments to him up to the amount of the extra-statutory benefits which he would have received if he had not enjoyed the said right of claim.
Sample 1
RECOVERY CLAUSE. (i) In case of any damage of equipment/machinery due to negligence of contractor or any other reasons attributed to contractor the decision of Fire in-charge regarding the amount of recovery shall be final and binding subject to a maximum of 10% of contract value. Recovery will be affected from the monthly bills and/or retention money/Security deposit.
Sample 1
RECOVERY CLAUSE. (i) In case of any damage of equipment/machinery due to negligence of contractor or any other reasons attributed to contractor the decision of GIPCL office-in- charge regarding the amount of recovery shall be final and binding subject to a maximum of 10% of yearly contract value. Recovery will be affected from the monthly bills and/or retention money/security deposit.
Sample 1

Related to RECOVERY CLAUSE

  • Saving Clause If any provision(s) of this Agreement shall be determined to be illegal or unenforceable, such determination shall in no manner affect the legality or enforceability of any other provision hereof.

  • Severability Clause Any part, provision, representation or warranty of this Agreement which is prohibited or which is held to be void or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof. Any part, provision, representation or warranty of this Agreement which is prohibited or unenforceable or is held to be void or unenforceable in any jurisdiction shall be ineffective, as to such jurisdiction, to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction as to any Mortgage Loan shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof. If the invalidity of any part, provision, representation or warranty of this Agreement shall deprive any party of the economic benefit intended to be conferred by this Agreement, the parties shall negotiate, in good-faith, to develop a structure the economic effect of which is as close as possible to the economic effect of this Agreement without regard to such invalidity.

  • Separability Clause In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

  • Savings Clause If this Agreement or any portion thereof shall be invalidated on any ground by any court of competent jurisdiction, then the Corporation shall nevertheless indemnify the Indemnitee as to Expenses, judgments, fines, penalties and amounts paid in settlement with respect to any Proceeding to the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated and to the fullest extent permitted by applicable law.

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