Common use of Standard of Care; Indemnification; Limitation of Liability Clause in Contracts

Standard of Care; Indemnification; Limitation of Liability. (a) FCMS shall exercise reasonable care in the performance of its duties under this Agreement. FCMS shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Corporation in connection with FCMS’ services or duties under this Agreement, including losses resulting from mechanical breakdowns or the failure of communication or power supplies beyond FCMS’ control, except a loss arising out of or relating to FCMS’ refusal or failure to comply with the terms of this Agreement or from FCMS’ bad faith, negligence, or willful misconduct in the performance of its services or duties under this Agreement. Notwithstanding the previous sentence, FCMS shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Corporation in connection with the services provided pursuant to Section 2(f) of this Agreement, including losses resulting from mechanical breakdowns or the failure of communication or power supplies beyond FCMS’ control, except a loss arising out of or relating to FCMS’ refusal or failure to comply with the terms of this Agreement or from FCMS’ bad faith, negligence, or willful misconduct in the performance of such services.

Appears in 2 contracts

Samples: Call Center Agreement (Fairholme Funds Inc), Call Center And (Fairholme Funds Inc)

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Standard of Care; Indemnification; Limitation of Liability. (a) FCMS shall exercise reasonable care in the performance of its duties under this Agreement. FCMS shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Corporation in connection with FCMS’ services or duties under this Agreement, including losses resulting from mechanical breakdowns or the failure of communication or power supplies beyond FCMS’ control, except a loss arising out of or relating to FCMS’ refusal or failure to comply with the terms of this Agreement or from FCMS’ bad faith, negligence, or willful misconduct in the performance of its services or duties under this Agreement. Notwithstanding the previous sentence, FCMS shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Corporation in connection with the services provided pursuant to Section 2(f) of this Agreement, including losses resulting from mechanical breakdowns or the failure of communication or power supplies beyond FCMS’ control, except a loss arising out of or relating to FCMS’ refusal or failure to comply with the terms of this Agreement or from FCMS’ bad faith, gross negligence, or willful misconduct in the performance of such services.

Appears in 1 contract

Samples: Call Center And (Fairholme Funds Inc)

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Standard of Care; Indemnification; Limitation of Liability. (a) FCMS shall exercise reasonable care in the performance of its duties under this Agreement. FCMS shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Corporation in connection with FCMS' services or duties under this Agreement, including losses resulting from mechanical breakdowns or the failure of communication or power supplies beyond FCMS' control, except a loss arising out of or relating to FCMS' refusal or failure to comply with the terms of this Agreement or from FCMS' bad faith, negligence, or willful misconduct in the performance of its services or duties under this Agreement. Notwithstanding the previous sentence, FCMS shall not be liable for any error of judgment or mistake of law or for any loss suffered by the Corporation in connection with the services provided pursuant to Section 2(f) of this Agreement, including losses resulting from mechanical breakdowns or the failure of communication or power supplies beyond FCMS' control, except a loss arising out of or relating to FCMS' refusal or failure to comply with the terms of this Agreement or from FCMS' bad faith, negligence, or willful misconduct in the performance of such services.

Appears in 1 contract

Samples: Agreement (Fairholme Funds Inc)

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