Common use of CCP Clause in Contracts

CCP. A and its vicarious agents shall not be liable for damages caused by a disruption of operations due to force majeure, riot, war and natural disasters or due to other events or incidents for which they are not responsible (e.g. strikes, lawful lock-outs, traffic disruptions) or restraints/acts of sovereigns.

Appears in 2 contracts

Sources: Clearing Agreement, Clearing Agreement

CCP. A and its vicarious agents shall not be liable for damages caused by a disruption of operations due to force majeure, riot, war and natural disasters or due to other events or incidents for which they are not responsible (e.g. strikes, lawful lock-outs, traffic disruptions) or restraints/acts of sovereignsprinces.

Appears in 1 contract

Sources: Clearing Agent Agreement