By the Agents. (a) Each Agent shall severally indemnify the Issuer against any Losses which the Issuer may incur or which may be made against it as a result of that Agent's wilful misconduct or gross negligence or that of its directors, officers or employees. (b) The Agents shall not be liable for any Losses caused by events beyond their reasonable control including any malfunction, interruption or error in the transmission of information caused by any machine or systems or interception of communication facilities, abnormal operating conditions or acts of God. The Agents shall have no liability whatsoever for any consequential, special, indirect, punitive or speculative loss or damages (including, but not limited to, loss of profits, whether or not foreseeable) suffered by the Issuer in connection with the transactions contemplated by and the relationship established by this Agreement even if the relevant Agent has been advised as to the possibility of same.
Appears in 2 contracts