Liability of the Agent. No Agent shall be liable for any loss, liability, cost, claim, action or demand arising under this Agreement except to the extent due to its misconduct, negligence, willful default or bad faith or that of its officers, agents or employees. The provisions of this Section 14.6 shall survive the payment in full of all sums in respect of the Notes, the resignation or removal such Agent and the termination of this Agreement.
Appears in 2 contracts
Sources: Principal Paying Agent, Conversion Agent, Conversion Calculation Agent and Registrar Agreement (Versatel Telecom International N V), Principal Paying Agent, Conversion Agent, Conversion Calculation Agent and Registrar Agreement (Versatel Telecom International N V)
Liability of the Agent. No Agent shall be liable for any loss, liability, cost, claim, action or demand arising under this Agreement except to the extent due to its wilful misconduct, gross negligence, willful default wilful default, or bad faith or that of its officers, agents or employees. The provisions of this Section 14.6 13.06 shall survive the payment in full of all sums in respect of the Notes, the resignation or removal of such Agent and the termination of this Agreement.
Appears in 1 contract
Sources: Paying Agent, Conversion Agent and Registrar Agreement (Internet Initiative Japan Inc)