Agents not liable Sample Clauses
The 'Agents not liable' clause serves to protect agents, representatives, or intermediaries involved in a contract from personal liability for actions taken on behalf of a principal. In practice, this means that if an agent is acting within the scope of their authority and in accordance with the contract, they cannot be held personally responsible for any losses, damages, or breaches arising from the contract’s performance. This clause ensures that only the principal party is liable for contractual obligations, thereby reducing the risk for agents and clarifying the allocation of responsibility.
Agents not liable. Notwithstanding anything to the contrary in this Agreement and/or the Conditions, the Agents shall not be liable to any person for any matter or thing done or omitted in any way in connection with this Agreement save in relation to its own material breach of its undertakings and agreements of this Agreement or its own negligence, wilful default or fraud. The Agents shall not be liable for any loss caused by events beyond their reasonable control including but not limited to any malfunction, interruption of or error in the transmission of information caused by any machines or system or interception of communication facilities, abnormal operating conditions, epidemic or acts of God. The Agents shall have no liability whatsoever for any consequential, special, indirect or speculative loss or damages (including, but not limited to, loss of profits, opportunity and goodwill whether or not foreseeable) suffered by the Issuer in connection with the transactions contemplated by and the relationship established by this Agreement even if the Agents have been advised as to the possibility of the same and regardless of whether the claim for loss or damage is made in negligence, breach of contract, duty or otherwise. These provisions will override all other provisions of this Agreement.
Agents not liable. No General Liability of SCPPA. It is hereby recognized and agreed that no officer, agent or employee of SCPPA shall be individually liable in respect of any undertakings by SCPPA under this Agency Agreement. The undertakings by SCPPA under this Agency Agreement shall never constitute a debt or indebtedness of SCPPA within the meaning of any provision or limitation of the constitution or statutes of the State of California, and shall not constitute or give rise to a pecuniary liability of SCPPA or a charge against its general credit. Any provision of this Agency Agreement to the contrary notwithstanding, the obligation of SCPPA under this Agency Agreement to make or cause to be made payments shall be limited to those payments permitted by and monies available under any Indenture or as provided for in this Agency Agreement.