Liability of AEMO as Operator Sample Clauses

The "Liability of AEMO as Operator" clause defines the extent to which the Australian Energy Market Operator (AEMO) can be held responsible for losses, damages, or claims arising from its actions or omissions while performing its duties as the market operator. Typically, this clause outlines specific circumstances under which AEMO may be liable, such as cases of gross negligence or willful misconduct, and may also set limits or exclusions on its liability for ordinary operational errors. By clearly delineating AEMO's liability, the clause provides certainty to market participants and helps manage the risks associated with AEMO's central role in operating the energy market.
Liability of AEMO as Operator. To the maximum extent permitted by law, AEMO is not liable to any Member for any act or omission (including any act or omission amounting to a breach of this agreement or the CTA Procedures or breach of statute or any negligent act or omission) under or in connection with this agreement (including any Transaction) whether arising in contract, tort (including negligence) breach of duty or any other ground unless the act or omission was done or made in bad faith, within the meaning of section 91K of the National Gas Law.
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Related to Liability of AEMO as Operator

  • Liability of General Partner Except as otherwise provided in this Agreement, the liability of the General Partner arising from the conduct of the business affairs or operations of the Partnership or from the debts of the Partnership is unrestricted.

  • Liability of a Member The liability of each Member shall be limited as provided in the Delaware Act and as set forth in this Agreement. No Member shall be obligated to restore by way of Capital Contribution or otherwise any deficits in its Capital Account (if such deficits occur).

  • Liability of Seller Seller shall be liable in accordance herewith only to the extent of the obligations in this Agreement specifically undertaken by Seller and the representations and warranties of Seller.

  • Liability of Company The Indemnitee agrees that neither the stockholders nor the directors nor any officer, employee, representative or agent of the Company shall be personally liable for the satisfaction of the Company's obligations under this Agreement and the Indemnitee shall look solely to the assets of the Company for satisfaction of any claims hereunder.

  • Liability of Manager The Manager will not be liable to you for any act or omission, except for obligations expressly assumed by the Manager in the applicable AAU.