Exceptions a Clause Samples
The 'Exceptions' clause serves to outline specific circumstances or conditions under which the general rules or obligations of an agreement do not apply. In practice, this clause might list particular scenarios, such as force majeure events, regulatory requirements, or pre-existing agreements, where parties are exempt from certain duties or liabilities. By clearly defining these carve-outs, the clause helps prevent misunderstandings and ensures that both parties are aware of situations where standard terms are suspended or modified, thereby reducing the risk of disputes.
Exceptions a. Clause 13.1 (Increased Costs) does not apply to the extent any Increased Cost is: (i) attributable to a Tax Deduction required by law to be made by an Obligor; (ii) compensated for by Clause 12.2 (Tax Indemnity) (or would have been compensated for under Clause 12.2 (Tax Indemnity) but was not so compensated solely because any of the exclusions in paragraph b) of Clause 12.2 (Tax Indemnity) applied); (iii) attributable to a FATCA Deduction required to be made by a Party; (iv) attributable to the implementation or application of or compliance with the "International Convergence of Capital Measurement and Capital Standards, a Revised Framework" published by the Basel Committee on Banking Supervision in June 2004 in the form existing on the date of this Agreement ("Basel II") or any other law or regulation which implements Basel II (whether such implementation,
Exceptions a. A vessel without a DML is exempt from the requirements of Paragraph 2 of this Annex and from the obligation of carrying out the backdown maneuver mentioned in Paragraph 3 of this Annex unless the Party with jurisdiction over that vessel determines otherwise.
Exceptions a. This Clause 35 shall not apply to the extent that the Recovering Finance Party would not, after making any payment pursuant to this Clause, have a valid and enforceable claim against the relevant Obligor.
Exceptions a. Nothing in clause 6.1(a) or 6.1