Liability of PanAmSat Sample Clauses

Liability of PanAmSat. If (i) after the Galaxy VIII(i) Lease Commencement Date, a Lessee Transponder fails to meet the Transponder Performance Specifications prior to the last day of the Term, (ii) such failure is deemed to be a "Confirmed Failure" (as defined in Section 12.02), and (iii) PanAmSat is unable to furnish the necessary Transponder Spare as a substitute for such Lessee Transponder pursuant to Section 9, then such Transponder shall be deemed to be a "Failed Transponder." In the event that any such failure of a Lessee Transponder is excused by an event set forth in Section 11.01, Lessee shall be entitled to cease making a pro rata portion of the Monthly Base Lease Rate payments as to such Lessee Transponder for so long as the event set forth in Section 11.01 continues.
Sample 1
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Liability of PanAmSat. If (i) after the Galaxy VIII(i)R Lease Commencement [***] Filed separately with the Commission pursuant to a request for confidential treatment. Date, a Lessee Transponder fails to meet the Transponder Performance Specifications prior to the last day of the Term, (ii) such failure is deemed to be a "Confirmed Failure" (as defined in Section 12.02), and (iii) PanAmSat is unable to furnish the necessary Transponder Spare as a substitute for such Lessee Transponder pursuant to Section 9, then such Transponder shall be deemed to be a "Failed Transponder." In the event that any such failure of a Lessee Transponder is excused by an event set forth in Section 11.01, Lessee shall be entitled to cease making a pro rata portion of the Monthly Base Lease Rate payments as to such Lessee Transponder for so long as the event set forth in Section 11.01 continues.
Sample 1

Related to Liability of PanAmSat

  • 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 DFAL Except as provided by the next sentence, DFAL shall not be liable for any error of judgment or of law or for any loss suffered by the Fund in connection with the matters to which this Agreement relates, except loss resulting from willful misfeasance, bad faith or gross negligence on the part of DFAL in the performance of its obligations and duties or by reason of its reckless disregard of its obligations and duties under this Agreement. The foregoing sentence does not apply to any liability which DFAL may have arising out of the execution by it or any of its employees, officers or agents of portfolio transactions for the Fund.

  • Liability of Parties By entering into this Agreement, no party shall become liable for any other party's obligations relating to any activities beyond the scope of this Agreement, except as provided by the Act. If any party suffers, or is held liable for, any loss or liability of the Partnership which is in excess of that agreed upon herein, such party shall be indemnified by the other parties, to the extent of their respective interests in the Partnership, as provided herein.

  • Liability of Partners (a) No Limited Partner shall be liable for any debt, obligation or liability of the Partnership or of any other Partner or have any obligation to restore any deficit balance in its Capital Account solely by reason of being a Partner of the Partnership, except to the extent required by the Act.

  • NON-LIABILITY OF SUB-MANAGER In the absence of willful misfeasance, bad faith or gross negligence on the part of the Sub-Manager, or reckless disregard of its obligations and duties hereunder, the Sub-Manager shall not be subject to any liability to the Manager, any Fund or to any shareholder of any Fund, for any act or omission in the course of, or connected with, rendering services hereunder.

  • Liability of Sub-Adviser In the absence of willful misfeasance, bad faith, gross negligence or reckless disregard of obligations or duties hereunder on the part of the Sub-Adviser or any of its officers, directors or employees, the Sub-Adviser shall not be subject to liability to the Investment Adviser for any act or omission in the course of, or connected with, rendering services hereunder or for any losses that may be sustained in the purchase, holding or sale of any security.

  • Liability of Sub-Advisor Neither the Sub-Advisor nor any of its directors, officers, employees, agents or affiliates shall be liable to the Manager, the Fund or its shareholders for any loss suffered by the Manager or the Fund resulting from any error of judgment made in the good faith exercise of the Sub-Advisor's duties under this Agreement or as a result of the failure by the Manager or any of its affiliates to comply with the terms of this Agreement except for losses resulting from willful misfeasance, bad faith or gross negligence of, or from reckless disregard of, the duties of the Sub-Advisor or any of its directors, officers, employees, agents (excluding any broker-dealer selected by the Sub-Advisor), or affiliates.

  • Liability of General Partner The General Partner is not liable, responsible, or accountable in damages or otherwise to the Limited Partner or the Partnership for any act performed by the General Partner in good faith and within the scope of this Agreement. The General Partner is liable to the Limited Partner only for conduct that involves gross negligence, bad faith, or fraud.

  • Liability of the Company The Company shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Company herein.

  • Liability of DFA Australia DFA Australia shall not be liable for any error of judgment or of law or for any loss suffered by the Fund in connection with the matters to which this Agreement relates, except loss resulting from willful misfeasance, bad faith, or gross negligence on the part of DFA Australia in the performance of its obligations and duties, or by reason of its reckless disregard of its obligations and duties under this Agreement.

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