(A)
Disclaimer
: RAHUL ELECTRICALS & ELECTRONICS
disclaims any warranty that any Transaction Information or other information
relating to Participant or any other party that is included on RE&E
OnLine is true, complete or accurate. All such data and information
is provided on an "AS-IS" basis without any warranty of
any kind. RE&E MAKES NO WARRANTY OF ANY KIND, EITHER EXPRESS
OR IMPLIED, REGARDING ANY SUCH INFORMATION, INCLUDING WITHOUT LIMITATION,
ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE OR ARISING FROM A COURSE OF DEALING, USAGE OR TRADE PRACTICE.
Participant acknowledges and agrees to accept the risk that the operating
system and software included in RE&E OnLine, as well as all
Transaction Information of Participant or any other party that is
included on RE&E OnLine, from time to time may contain inaccuracies
and may be adversely affected by computer viruses, unknown programming
difficulties resulting in incorrect information or system malfunctions
or shut-downs; provided, however, that RE&E agrees to use reasonable
commercial efforts to correct any inaccuracies expressly made known
to it and to correct and/or remove (as appropriate) any computer viruses
and other system malfunctions and shut-downs that are within its control.
In addition, RE&E makes no representation or warranty regarding
the creditworthiness or any other matter regarding any other party
admitted as a participant to use RE&E OnLine, nor does it represent
or warrant that any of the representations and warranties made by
Participant in this Agreement have been made by any other party who
may from time to time be admitted as a participant to use RE&E
OnLine. RE&E shall not be liable for any liability, loss, damage,
cost or expense caused from error, omission, interruption, deletion,
defect, delay in operation or transmission, loss of data, communication
or line failure, theft or destruction, unauthorized access to, alteration
of or use of RE&E ONLINE, or the actions of any other party
involving the use of RE&E OnLine. Participant agrees that Participant
is solely responsible and liable for, and will indemnify, defend,
and hold RE&E harmless against, any losses, claims, suits, or
damages that arise from regulatory compliance or non-compliance related
to plastic Raw-Material trading or RE&E Online, including, but
not limited to all commodities, securities, derivatives, and environmental
rules, regulations, and statutes.
(B)
Liability Limitation : In no event shall RE&E or its officers,
directors, owners, employees, agents or affiliates be liable directly
or indirectly to Participant or any party claiming through it for
any special, indirect, incidental or consequential dam
ages, including without limitation, loss of profits, arising out of
this Agreement, the services or goods provided or to be provided by
RE&E hereunder, or the use of RE&E OnLine, and regardless
of the nature or cause of such damages. In addition, recoveries by
Participant or any party claiming through it against RE&E or
its officers, directors, owners, employees, agents or affiliates,
whether the claim relating thereto is based in contract, tort, negligence
or otherwise, shall be limited to the lesser of:
(i) the amount of actual loss or damage suffered by Participant;
or
(ii) the amount of all fees, charges and other amounts actually
paid by Participant to RE&E during the 12 month period immediately
preceding such loss or damage.
(iii) Specifications and design may change due to constant
research and development.