Common use of Liability and Indemnity Clause in Contracts

Liability and Indemnity. 17.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 10 contracts

Samples: Agreement (Hoegh LNG Holdings Ltd.), Bond Agreement, Bond Agreement (Navigator Holdings Ltd.)

AutoNDA by SimpleDocs

Liability and Indemnity. 17.2.1 6.3.1. The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out forth in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 9 contracts

Samples: Agreement, Bond Agreement, Bond Agreement

Liability and Indemnity. 17.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out forth in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 8 contracts

Samples: www.sec.gov, Bond Agreement (Ship Finance International LTD), Bond Agreement

Liability and Indemnity. 17.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful willful misconduct by the Bond Trustee in performing its functions and duties as set out forth in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 8 contracts

Samples: Bond Agreement (Teekay Offshore Partners L.P.), Bond Agreement (Teekay LNG Partners L.P.), Bond Agreement (Teekay Corp)

Liability and Indemnity. 17.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 4 contracts

Samples: Bond Agreement, Bond Agreement, Amendment and Restatement Agreement

Liability and Indemnity. 17.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2Maximum Issue Amount. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 4 contracts

Samples: Bond Agreement, Bond Agreement, Bond Agreement

Liability and Indemnity. 17.2.1 21.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 2 contracts

Samples: Bond Agreement, www.oslobors.no

Liability and Indemnity. 17.2.1 (a) The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out in this Bond Agreement. Such liability is limited to the maximum amount of convertible Bonds issued as set out in Clause 2.2clause 2.3. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 1 contract

Samples: www.goldenocean.bm

Liability and Indemnity. 17.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.22.2 (The Bonds). The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 1 contract

Samples: Bond Agreement

Liability and Indemnity. 17.2.1 (a) The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful willful misconduct by the Bond Trustee in performing its functions and duties as set out in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.22.3. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 1 contract

Samples: Agreement

Liability and Indemnity. 17.2.1 17 .2 .1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its L_4506015_Vl 25.03.14 30136 functions and duties as set out in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2Maximum Issue Amount. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 1 contract

Samples: Bond Agreement

AutoNDA by SimpleDocs

Liability and Indemnity. 17.2.1 19.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out forth in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 1 contract

Samples: Bond Agreement (Ship Finance International LTD)

Liability and Indemnity. 17.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out forth in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 1 contract

Samples: Bond Agreement (Ocean Rig UDW Inc.)

Liability and Indemnity. 17.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.22.3. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 1 contract

Samples: Bond Agreement

Liability and Indemnity. 17.2.1 20.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out forth in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 1 contract

Samples: Bond Agreement (Golar LNG LTD)

Liability and Indemnity. 17.2.1 17.2.9 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 1 contract

Samples: Bond Agreement (Ship Finance International LTD)

Liability and Indemnity. 17.2.1 The Bond Trustee is liable only for direct losses incurred by the Bondholders or the Issuer as a result of gross negligence or wilful willful misconduct by the Bond Trustee in performing its functions and duties as set out forth in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 1 contract

Samples: Bond Agreement (North Atlantic Drilling Ltd.)

Liability and Indemnity. 17.2.1 16.2.1 The Bond Trustee is liable only for direct losses incurred by Bondholders or the Issuer as a result of gross negligence or wilful misconduct by the Bond Trustee in performing its functions and duties as set out in this Bond Agreement. Such liability is limited to the maximum amount set out in Clause 2.2. The Bond Trustee is not liable for the content of information provided to the Bondholders on behalf of the Issuer.

Appears in 1 contract

Samples: Restatement Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.