Common use of Liability of ISO Clause in Contracts

Liability of ISO. The ISO shall not be liable, whether based on contract, indemnification, warranty, equity, tort, strict liability or otherwise, to Owner or any third party or other person for any damages whatsoever arising or resulting from any actions or omissions by ISO in performing its obligations under this Agreement, except to the extent ISO is found liable for gross negligence or willful misconduct, in which case ISO will only be liable for direct damages.

Appears in 12 contracts

Samples: Reliability Must Run Agreement, Reliability Must Run Agreement, Reliability Must Run Agreement

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