Common use of Costs and Liability Clause in Contracts

Costs and Liability. 14.4.1 Each Party shall bear their respective costs as a result of a Force Majeure Event which occurs during the Project Period, and no such costs shall be compensated by another Party. 14.4.2 Except for cases specified in this Section 14, the Private Partner and the Public Partner (or a person designated by the Public Partner) shall not be liable in any manner whatsoever to the other Party in respect of any loss, damage, cost, claims, demands and proceedings related to or arising out of occurrence or existence of any Force Majeure Event or exercise by the Party of any right pursuant to this Section 14.

Appears in 2 contracts

Sources: Public Private Partnership Agreement, Public Private Partnership Agreement