Compensation for Loss Sample Clauses
The Compensation for Loss clause establishes the obligation of one party to reimburse or compensate the other for losses, damages, or expenses incurred under the agreement. Typically, this clause outlines the types of losses covered, such as direct financial damages or costs resulting from a breach, and may specify procedures for claiming compensation. Its core practical function is to allocate risk between the parties and ensure that any party suffering a loss due to the other's actions or omissions can recover appropriate compensation, thereby promoting fairness and accountability in the contractual relationship.
Compensation for Loss of Tools 1,100.00 1,200.00 1,200.00 1,200.00
Compensation for Loss. 7.1 The contractual parties are liable for caused damage within the framework of applicable legal regulations and this contract. The Seller is fully responsible for the performance of the contract even if any relevant part of the performance is provided by a subcontractor.
7.2 The contractual parties undertake to make maximum efforts to prevent damage and to minimise damage.
Compensation for Loss. Investors of one Contracting Party that have suffered losses in the territory of the other Contracting Party due to war, national emergency, riots, riots or other similar incidents, shall enjoy contracting no less than the MFN treatment that the other party gives to investors in terms of recovery, compensation, compensation or other compensation measures.
Compensation for Loss. Investors of Contracting Party who suffer losses in respect of their investments in the territory of the other Contracting Party owing to war, a state of national emergency, insurrection, riot or other similar events, shall be accorded by the latter Contracting Party, treatment as regards restitution, indemnification, compensation or other settlements, no less favorable than the latter Contracting Party accords to its own investors or to investors of any third state. Resulting payment shall be freely transferable in a freely convertible currency.
Compensation for Loss. The Bank shall not be liable for any loss incurred by the Borrower (whether as a result of failure of transmission, communication or computer facilities, failure of electronic or mechanical equipment, failure of public transportation, common carrier communication or utility systems, unauthorized access, data or other theft (including the theft of passwords, codes or log-in sequences), forgery of signatory’s signature, material alteration of requests for facilities, or other reason of any kind whatsoever) through no fault of the Bank.
Compensation for Loss. 1. Investors of one Contracting Party who suffer losses in their investments in the territory of the other Party of war, state of national emergency, insurrection, riot or other similar events, the latter Contracting Party treatment no less favorable than that accorded by the Contracting Party on its own or any third State, taking into account the fact that the most favorable.
2. Notwithstanding paragraph 1, a Contracting Party to investors of the other Contracting Party suffer losses due to:
a) by its forces or authorities met their investments total or partial requisition, or
b) by its forces or authorities in the destruction of their investment or part thereof in the absence of necessity, Subject to immediate restitution or paid adequate and effective compensation.
Compensation for Loss. 1. When investments of investors of either Contracting Party are affected by a war, armed conflict, national emergency, coup, uprising, rebellion, or other similar events in the territory of the other Contracting Party, they will be granted the last resort, with respect to restitution, reimbursement Compensation or other solution no less favorable than that accorded by the last Contracting Party to its own investors or investors of third countries in accordance with applicable law.
2. Without prejudice to the provisions of paragraph 1 of this Article, investors of the same Contracting Party who, during any of the events referred to in this paragraph, suffer losses in the territory of the other Contracting Party arising from:
(A) requisitioning of their property by its authorities;
Compensation for Loss. 1. Investors of one Contracting Party whose investments in the territory of the other Contracting Party suffer losses owing to war or other armed conflict, a state of national emergency, revolt, insurrection or riot in the territory of the latter Contracting Party shall be accorded by the latter Contracting Party treatment, as regards restitution, indemnification, compensation or other settlement, no less favorable than that which the latter Contracting Party accords to its own investors or to investors of any third state. Resulting payments shall be in freely convertible currency and shall be freely transferable without delay.
2. Without prejudice to paragraph 1 of this Article, investors of one Contracting Party who in any of the situations referred to in that paragraph suffer losses in the territory of the other Contracting Party resulting from:
a) Requisitioning of their property by the authorities of the other Contracting Party, or
b) Destruction of their property by the authorities of the other Contracting Party, which was not caused in combat action or was not required by the necessity of the situation, shall be accorded restitution or adequate compensation.
Compensation for Loss. (1) Investors of one Party whose investments in the territory of the other Party suffer losses owing to war or other armed conflict, revolution, a state of national emergency, revolt, insurrection, riot or other such similar activity in the territory of the Host Party shall be accorded by the Host Party treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than that which the latter Party accords to its own investors or to investors of any third state. Resulting payments shall be freely transferable.
(2) Without prejudice to sub-article (1) of this Article, investors of one Party who suffer losses in the territory of the other Party, resulting from:
(a) requisitioning of their property by its forces or authorities, or
(b) destruction of their property by its forces or authorities, which was not caused in combat action or was not required by the necessity of the situation, shall be accorded restitution or adequate compensation. Resulting payments shall be freely transferable.
Compensation for Loss. The parties are liable for any direct losses incurred by the other party because the party causing the losses has been in breach, wilfully or intentionally, of its obligations under the assignment agreement, the general agreement terms and conditions or their appendices. The parties are not liable for any indirect losses. The maximum amount of the parties' aforementioned liability to pay compensation is the unpaid amount of the claim capital at the time when the losses were incurred. ▇▇▇▇▇▇ is not liable for losses resulting because the customer has used ▇▇▇▇▇▇'s services contrary to the agreement or because the customer has given incorrect, misleading or incomplete information. The customer is liable for losses incurred by third parties in conjunction with the management of assignments that are attributable to the customer. If ▇▇▇▇▇▇ needs to compensate a third party for losses attributable to the customer, the customer is obligated to compensate the specific losses to ▇▇▇▇▇▇ in full. ▇▇▇▇▇▇ is not liable for losses resulting to the customer or third parties from operating or updating breaks in its service if they result for reasons independent of ▇▇▇▇▇▇.