MCC Status. The Parties recognize and agree that MCC is a United States government corporation and an instrumentality of the United States Government acting on its behalf in the implementation of the Compact. As such and pursuant to Section 5.5 of the Compact, MCC has no liability under this Agreement and is immune from any action or proceeding arising under or relating to this Agreement. The Ministry and MCA-Vanuatu each hereby waive and release (i) all claims against MCC related to any such liability and (ii) any rights to bring any proceeding against MCC in the courts or any other judicial or other body of Vanuatu or in any other jurisdiction. Nothing in this agreement shall be construed or interpreted as a waiver of any rights, privileges or immunities granted to MCC under the Compact.
Appears in 3 contracts
Sources: Disbursement Agreement, Disbursement Agreement, Governance Agreement