PROVIDED NEVERTHELESS Sample Clauses
The "PROVIDED NEVERTHELESS" clause serves as an exception or limitation to a preceding statement or obligation within a contract. In practice, this clause introduces a condition or restriction that modifies the general rule just stated, such as allowing a party to act differently under specific circumstances or exempting certain actions from a broader requirement. Its core function is to clarify the boundaries of contractual obligations, ensuring that exceptions are explicitly stated and reducing ambiguity about when and how certain terms apply.
PROVIDED NEVERTHELESS that nothing contained in this Clause 15 shall exempt the Debenture Trustee from or indemnify it against any liability for fraud, gross negligence, wilful misconduct, breach of trust or contract which was knowingly or intentionally committed by it nor any liability which by virtue of any rule or Applicable Law would otherwise attach to them in respect of any fraud, gross negligence, wilful misconduct, breach of trust or contract which they may be guilty in relation to their duties thereunder.