Common use of Force Majeure and Limitation of Liability Clause in Contracts

Force Majeure and Limitation of Liability. The Lender cannot be held liable for loss caused by legal provisions enforced under Swedish or foreign law, measures adopted by Swedish or foreign authorities, acts of war, strikes, lockouts, boycotts, blockades or other similar circumstances. The reservation in respect of strikes, lockouts, boycotts or blockades is valid even if the Lender itself is executing or is the subject of such a measure.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement