Common use of Damage Compensation Clause in Contracts

Damage Compensation. I. The Bank and the Applicant agree that any delays, omissions, or errors in transmitting or receiving electronic documents, which give rise to damages to the other party, shall be compensated by the party whom the cause is attributable to.

Damage Compensation. I. The Bank and the Applicant agree that any delays, omissions, or errors in transmitting or receiving electronic documents, which give g ive rise to damages to the other party, shall be compensated by the party whom the cause is attributable to.