The liability of Sample Clauses
The 'liability of' clause defines the extent to which a party is legally responsible for damages, losses, or claims arising from the contract. Typically, this clause sets limits on the amount or types of damages one party may be required to pay, such as capping liability at the contract value or excluding certain types of indirect or consequential losses. Its core practical function is to allocate and manage risk between the parties, providing predictability and protecting parties from potentially unlimited financial exposure.
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The liability of the Reinsurer on any reinsurance under this Agreement begins upon the effective date of this Agreement as set forth in Article XXI, Execution and ends after all Reinsured Plans reinsured have been terminated or recaptured, as set forth in Article XIV, Recapture.
The liability of. 10.13.1 the Vendors under this clause shall cease after the sixth anniversary of the first anniversary of the Accounting Date except in respect of matters which have been the subject of a written claim before such date by the Purchaser or the Purchaser's Solicitors to any of the Vendors or the Vendors' Solicitors provided that any such claim shall be deemed to have been irrevocably withdrawn if proceedings in respect of it are not begun within 9 months of the sixth anniversary referred to above unless the claim in question has arisen by reason of fraud, wilful concealment or dishonesty in which event there shall be no contractual limit in the time period within which such claim may be brought; and
10.13.2 the Purchaser under this clause shall cease after the sixth anniversary of the first anniversary of the Accounting Date except in respect of matters which have been the subject of a written claim before such date by the Vendor or the Vendors' Solicitors to the Purchaser or the Purchaser's Solicitors provided that any such claim shall be deemed to have been irrevocably withdrawn if proceedings in respect of it are not begun within 9 months of the sixth anniversary referred to above unless the claim in question has arisen by reason of fraud, wilful concealment or dishonesty in which event there shall be no contractual limit in the time period within which such claim may be brought.
The liability of a. Any person(s); or
b. Anyone while maintaining or using vehicle(s); excluded from coverage by endorsements attached to this policy.
The liability of. (a) ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇; and
(b) ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, pursuant to clause 4.1 shall as between those Vendors specified in (a) above be joint and several, and as between those Vendors specified in (b) above be joint and several.
The liability of the Seller for damage directly arising from injury to a person shall never exceed the amount to be paid out in accordance with the insurance agreement concluded between the Seller and its insurer for such a purpose. The Purchaser is entitled to be granted inspection of the insurance policy that covers the risk of injury to persons.
The liability of a Party shall not extend to loss of profit, revenue, business opportunity or any other indirect or consequential loss or damage.