Reserved - Intentionally Omitted] Clause Samples
The "RESERVED; INTENTIONALLY OMITTED" clause serves to indicate that a particular section or provision in a contract has been deliberately left blank or excluded. In practice, this means that while the contract may reference a numbered section or heading, no substantive terms or obligations are included under that heading. This approach is often used to maintain consistent numbering throughout a document, especially when certain provisions are removed during negotiations or are not applicable to the agreement. Its core function is to prevent confusion or disputes about missing content, ensuring clarity and organizational consistency in the contract.
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Reserved - Intentionally Omitted]. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by any court or governmental authority of competent jurisdiction which prohibits the consummation of any of the transactions contemplated by this Agreement.
Reserved - Intentionally Omitted]. Notwithstanding any other provision of the Agreement, in no event shall BNYM, its Affiliates or any of its or their directors, officers, employees, agents or subcontractors be liable under any theory of tort, contract, strict liability or other legal or equitable theory for lost profits, for exemplary, punitive, special, indirect or consequential damages, or for any other losses which are not direct damages, in each case, regardless of whether such losses or damages were or should have been foreseeable and regardless of whether any entity or person has been advised of the possibility of such losses or damages, all and each of which such loss is hereby excluded by agreement of the parties. No other provision of this Agreement shall be interpreted to condition, limit, modify, nullify or otherwise prevail in whole or in part over this Section 11(e).
Reserved - Intentionally Omitted]
Reserved - Intentionally Omitted]. Each party shall have a duty to mitigate damages for which the other party may become responsible.