Common use of No Liability for Delay Clause in Contracts

No Liability for Delay. The Borrower shall not be obliged to indemnify any person for any part of any cost, reduction in rate of return, increased cost or liability under Clause 14.1 (INCREASED COSTS) which would otherwise be payable if such amount was incurred solely by reason of an unreasonable delay in the relevant Finance Party notifying the Agent of the event by which it is entitled to be so indemnified after the relevant person has become aware of the occurrence of such event and can compute a reasonable estimate of the amount of such cost, reduction in rate of return, increased cost or liability.

No Liability for Delay. The Borrower shall not be obliged to indemnify any person for any part of any cost, reduction in rate of return, increased cost or liability under Clause 14.1 17.1 (INCREASED COSTSIncreased Costs) which would otherwise be payable if such amount was incurred solely by reason of an unreasonable delay in the relevant Finance Party notifying the Agent of the event by which it is entitled to be so indemnified after the relevant person has become aware of the occurrence of such event and can compute a reasonable estimate of the amount of such cost, reduction in rate of return, increased cost or liability.