Common use of Limitation on Indemnities Clause in Contracts

Limitation on Indemnities. The indemnities provided in this Section 5 by Customer to Morgan Stanley and its affiliates shall be inapplicable in the even▇ ▇▇ ▇n▇ ▇▇▇▇▇s, liabilities, damages, costs or expenses arising out of, or based upon, any material breach of any agreement of Morgan Stanley contained in this Agreement to the extent caused by ▇▇▇▇ ▇v▇▇▇. ▇▇kewise, the indemnities provided in this Section 5 by Morgan Stanley to Customer and its successors and assigns shall be ▇▇▇▇▇▇i▇▇▇▇▇ ▇n the event of any losses, liabilities, damages, costs or expenses arising out of, or based upon, any material breach of any representation, warranty or agreement of Customer contained in this Agreement to the extent caused by such breach.

Appears in 4 contracts

Sources: Commodity Futures Customer Agreement (Witter Dean Multi Market Portfolio L P), Commodity Futures Customer Agreement (Witter Dean Diversified Futures Fund Ii L P), Commodity Futures Customer Agreement (Witter Dean Diversified Futures Fund Iii L P)

Limitation on Indemnities. The indemnities provided i▇▇▇▇▇▇t▇▇▇ ▇▇▇vided in this Section 5 by Customer to Morgan Stanley and its affiliates shall be inapplicable in the even▇ ▇▇ ▇n▇ ▇▇▇▇▇s, liabilities, damages, costs or expenses arising out of, or based upon, any material breach of any agreement of Morgan Stanley contained in this Agreement to the extent caused by ▇▇▇▇ ▇v▇▇▇. ▇▇kewise, the indemnities provided in this Section 5 by Morgan Stanley to Customer and its successors and assigns shall be ▇▇▇▇▇▇i▇▇▇▇▇ ▇n the event of any losses, liabilities, damages, costs or expenses arising out of, or based upon, any material breach of any representation, warranty or agreement of Customer contained in this Agreement to the extent caused by such breach.

Appears in 4 contracts

Sources: Commodity Futures Customer Agreement (Witter Dean Principal Plus Fund L P), Commodity Futures Customer Agreement (Witter Dean World Currency Fund L P), Commodity Futures Customer Agreement (Dean Witter Global Perspective Portfolio L P)

Limitation on Indemnities. The indemnities ▇▇▇ i▇▇▇▇▇▇▇ies provided in this Section 5 by Customer to Morgan Stanley and its affiliates shall be inapplicable in the even▇ ▇▇ ▇n▇ ▇▇▇▇▇s, liabilities, damages, costs or expenses arising out of, or based upon, any material breach of any agreement of Morgan Stanley contained in this Agreement to the extent caused by ▇▇▇▇ ▇v▇▇▇. ▇▇kewise, the indemnities provided in this Section 5 by Morgan Stanley to Customer and its successors and assigns shall be ▇▇▇▇▇▇i▇▇▇▇▇ ▇n the event of any losses, liabilities, damages, costs or expenses arising out of, or based upon, any material breach of any representation, warranty or agreement of Customer contained in this Agreement to the extent caused by such breach.

Appears in 3 contracts

Sources: Commodity Futures Customer Agreement (Morgan Stanley Dean Witter Charter Welton Lp), Commodity Futures Customer Agreement (Morgan Stanley Dean Witter Charter Grahm Lp), Commodity Futures Customer Agreement (Morgan Stanley Dean Witter Charter Millburn Lp)