Operator’s Liability definition
Examples of Operator’s Liability in a sentence
On or before the substantial completion date contemplated in the Construction Contract, Marine Terminal Operator’s Liability for the Companies’ liability arising out of claims for bodily injury or property damage including physical damage to vessels, property of others or cargo during docking/undocking, loading/unloading or while in the custody of the Companies with a minimum limit of $25,000,000 per occurrence.
The limitation of the Operator’s Liability under clause 31.8(b) is to be disregarded for the purposes of determining whether the Operator has failed to comply with or perform any obligation under this Agreement because of a failure by the Operator to pay an amount payable by it under this Agreement.] Each party acknowledges that it has not relied on any representation or warranty (whether express or implied) about the subject matter of this Agreement other than those expressly set out in this Agreement.
Subject to clause 31.8(c) to 31.8(e), the Operator’s Liability to any person in connection with this Agreement (or any transaction in connection with it) is limited to the extent to which the Liability is or can be satisfied out of the Trust Property by the Operator exercising its right of indemnity out of the Trust Property.
The limitation of the Operator’s Liability under clause 26.8(b) is to be disregarded for the purposes of determining whether the Operator has failed to comply with or perform any obligation under this Agreement because of a failure by the Operator to pay an amount payable by it under this Agreement.] Each party acknowledges that it has not relied on any representation or warranty (whether express or implied) about the subject matter of this Agreement other than those expressly set out in this Agreement.
Other policy forms may be acceptable if more appropriate to the exposures, such as Marina Operator’s Liability insurance.
The Amount Operator Will Pay if there is a Loss: For any single Operator’s Liability Event, Operator will pay the lesser of the actual amount you reasonably pay to repair damaged item(s) or to replace lost or damaged items with property of similar quality.
Subject to clause 26.8(c) to 26.8(e), the Operator’s Liability to any person in connection with this Agreement (or any transaction in connection with it) is limited to the extent to which the Liability is or can be satisfied out of the Trust Property by the Operator exercising its right of indemnity out of the Trust Property.
The Contractor’s obligation to continuously maintain Display Operator’s Liability insurance as required by this paragraph shall survive termination of this Agreement for a period of not less than one hundred eighty (180) days following the Event Date (as defined above).