Aggregate amount of Claims Clause Samples

The "Aggregate amount of Claims" clause sets a maximum limit on the total financial liability that one party may face for all claims arising under a contract. In practice, this means that regardless of the number or nature of individual claims made, the total compensation or damages payable cannot exceed the specified aggregate cap. This clause is commonly used in commercial agreements to provide certainty and manage risk exposure by preventing unlimited liability, thereby protecting parties from potentially catastrophic financial consequences.
Aggregate amount of Claims. The aggregate amount of the liability of the Transferor for all Claims shall not in any event exceed an amount equal to 30% of the Consideration.
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Aggregate amount of Claims. (a) The aggregate amount of the liability of the Sellers for all Claims, other than a Sellers Fundamental Warranty Claim, shall not in any event exceed $50,000,000. (b) The aggregate amount of the liability of the Buyer for all Claims, other than a Buyer Fundamental Warranty Claim, shall not in any event exceed $50,000,000. (c) The aggregate amount of the liability of the Sellers for all Sellers Fundamental Warranty Claims shall not in any event exceed $356,664,000. (d) The aggregate amount of the liability of the Buyer for all Buyer Fundamental Warranty Claims shall not in any event exceed $356,664,000.
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Related to Aggregate amount of Claims

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  • Amount of Compensation City shall pay Contractor for performance of all Services rendered in accordance with this Contract in an amount not to exceed $3,000,000.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this Second Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this Second Supplemental Indenture.

  • Out of Class Pay On occasion, due to operational necessity, an employee may be required to perform a majority of essential duties of another classification with a higher salary range. In such cases, payment for out-of-class work shall be 5% above the regular base pay of the employee for all hours worked in the higher classification. Such pay shall be a minimum of the “A” step of the higher classification and no more than the maximum of the highest step of the higher classification. If the 5% increase falls between steps, the next higher step is used. Eligibility for out-of-class pay will be subject to the following conditions: 1. The assignment to work in the higher classification must be made in advance by the Department Manager and approved by the Director of Administrative Services. 2. Employees who are assigned to the higher class must be required to perform a substantial number of the essential tasks of the higher level position. Consideration shall be given to the employee’s ability and qualifications to perform at a higher level and whether the lower level position is in direct line and job scope of the higher class. An employee will be eligible for out-of-class pay when assigned to perform the duties of a higher classification for at least five (5) consecutive work days. Out-of-class assignments shall not be used to circumvent the hiring process.

  • Aggregate Leave The aggregate amount of leave of absence from employment that may be taken by an employee under Clause 21.1 (Maternity Leave) and Clause 21.2 (Parental Leave) in respect of the birth or adoption of any one child will not exceed 78 weeks, except as provided under Clause 21.1(f) (Maternity Leave) and/or Clause 21.2(c) Parental Leave.