Common use of LIABILITY FOR ERRORS AND OMISSIONS Clause in Contracts

LIABILITY FOR ERRORS AND OMISSIONS. If Alterna makes an error or omission in recording or processing any Transaction, Alterna is only liable for the amount of the error or omission if the member has not caused or contributed to the error or omission in any way, has complied with this Agreement and the Account Agreement, and has given written notice to Alterna within the time provided in the Account Agreement, and to the extent the liability is not otherwise excluded by this Agreement or the Account Agreement. If the member has given such notice, Alterna's maximum liability is limited to the amount of the error or omission. In no event will Alterna be liable for any delay, inconvenience, cost, loss, or damage (whether direct, indirect, special, exemplary, or consequential) whatsoever caused by, or arising from, any such error or omission.