Common use of Liability and Indemnity Clause in Contracts

Liability and Indemnity. SECTION 5.1. Save for the obligation of the Owner to pay any moneys due to the Construction Supervisor hereunder, neither the Owner nor the Construction Supervisor shall be under any liability to the other for any failure to perform any of their obligations hereunder by reason of Force Majeure. “Force Majeure” shall mean any cause whatsoever of any nature or kind beyond the reasonable control of the Owner or the Construction Supervisor, including, without limitation, acts of God, acts of civil or military authorities, acts of war or public enemy, acts of any court, regulatory agency or administrative body having jurisdiction, insurrections, riots, strikes or other labor disturbances, embargoes or other causes of a similar nature.

Appears in 14 contracts

Sources: Separation and Distribution Agreement (Costamare Bulkers Holdings LTD), Framework Agreement (Costamare Bulkers Holdings LTD), Framework Agreement (Costamare Bulkers Holdings LTD)

Liability and Indemnity. SECTION 5.111.1. Save for the obligation of the Owner Parent to pay any moneys due to the Construction Supervisor Manager hereunder, neither the Owner any Subsidiary nor the Construction Supervisor Manager shall be under any liability to the other for any failure to perform any of their obligations hereunder by reason of Force Majeure. “Force Majeure” shall mean any cause whatsoever of any nature or kind beyond the reasonable control of the Owner relevant Subsidiary or the Construction SupervisorManager, including, without limitation, acts of God, acts of civil or military authorities, acts of war or public enemy, acts of any court, regulatory agency or administrative body having jurisdiction, insurrections, riots, strikes or other labor disturbances, embargoes or other causes of a similar nature.

Appears in 8 contracts

Sources: Separation and Distribution Agreement (Costamare Bulkers Holdings LTD), Separation and Distribution Agreement (Costamare Bulkers Holdings LTD), Framework Agreement (Costamare Bulkers Holdings LTD)

Liability and Indemnity. SECTION 5.1. 11.1 Save for the obligation of the Owner Parent to pay any moneys due to the Construction Supervisor Manager hereunder, neither any member of the Owner Group nor the Construction Supervisor Manager shall be under any liability to the other for any failure to perform any of their obligations hereunder by reason of Force Majeure. “Force Majeure” shall mean any cause whatsoever of any nature or kind beyond the reasonable control of the Owner relevant member of the Group or the Construction SupervisorManager, including, without limitation, acts of God, acts of civil or military authorities, acts of war or public enemy, acts of any court, regulatory agency or administrative body having jurisdiction, insurrections, riots, strikes or other labor disturbances, embargoes or other causes of a similar nature.

Appears in 5 contracts

Sources: Management Agreement (Safe Bulkers, Inc.), Management Agreement (Safe Bulkers, Inc.), Management Agreement (Safe Bulkers, Inc.)

Liability and Indemnity. SECTION 5.111.1. Save for the obligation of the Owner Parent to pay any moneys due to the Construction Supervisor Manager hereunder, neither any member of the Owner Group nor the Construction Supervisor Manager shall be under any liability to the other for any failure to perform any of their obligations hereunder by reason of Force Majeure. “Force Majeure” shall mean any cause whatsoever of any nature or kind beyond the reasonable control of the Owner relevant member of the Group or the Construction SupervisorManager, including, without limitation, acts of God, acts of civil or military authorities, acts of war or public enemy, acts of any court, regulatory agency or administrative body having jurisdiction, insurrections, riots, strikes or other labor disturbances, embargoes or other causes of a similar nature.

Appears in 5 contracts

Sources: Management Agreement (Costamare Inc.), Management Agreement (Costamare Inc.), Management Agreement (Costamare Inc.)

Liability and Indemnity. SECTION 5.1. 5.1 Save for the obligation of the Owner to pay any moneys due to the Construction Supervisor hereunder, neither the Owner nor the Construction Supervisor shall be under any liability to the other for any failure to perform any of their obligations hereunder by reason of Force Majeure. “Force Majeure” shall mean any cause whatsoever of any nature or kind beyond the reasonable control of the Owner or the Construction Supervisor, including, without limitation, acts of God, acts of civil or military authorities, acts of war or public enemy, acts of any court, regulatory agency or administrative body having jurisdiction, insurrections, riots, strikes or other labor disturbances, embargoes or other causes of a similar nature.

Appears in 4 contracts

Sources: Management Agreement (Safe Bulkers, Inc.), Management Agreement (Safe Bulkers, Inc.), Management Agreement (Safe Bulkers, Inc.)

Liability and Indemnity. SECTION 5.1. Section 1.1 Save for the obligation of the Owner Parent to pay any moneys due to the Construction Supervisor Manager hereunder, neither any member of the Owner Group nor the Construction Supervisor Manager shall be under any liability to the other for any failure to perform any of their obligations hereunder by reason of Force Majeure. “Force Majeure” shall mean any cause whatsoever of any nature or kind beyond the reasonable control of the Owner relevant member of the Group or the Construction SupervisorManager, including, without limitation, acts of God, acts of civil or military authorities, acts of war or public enemy, acts of any court, regulatory agency or administrative body having jurisdiction, insurrections, riots, strikes or other labor disturbances, embargoes or other causes of a similar nature.

Appears in 3 contracts

Sources: Management Agreement (Safe Bulkers, Inc.), Management Agreement (Safe Bulkers, Inc.), Management Agreement (Safe Bulkers, Inc.)