Common use of Indirect or Consequential Damages Clause in Contracts

Indirect or Consequential Damages. The parties hereto waive and release all claims against the other party for indirect, special, punitive or consequential damages arising out of this Contract, REGARDLESS OF WHETHER CAUSED OR CONTRIBUTED TO BY THE SOLE, JOINT OR CONCURRENT NEGLIGENCE (IN ANY AMOUNT), STRICT LIABILITY OR OTHER FAULT OF ANY OF THE OTHER PARTY. As used herein, “indirect or consequential damages” shall include, but not be limited to, loss of revenue, profit or use of capital, production delays, loss of product, reservoir loss or damage, losses resulting from failure to meet other contractual commitments or deadlines and downtime of facilities or vessels.

Appears in 6 contracts

Sources: Master Service Contract (Verdisys Inc), Master Service Contract (Verdisys Inc), Master Service Contract (Verdisys Inc)

Indirect or Consequential Damages. The parties Parties hereto waive and release all claims against the other party for indirect, special, punitive or consequential damages arising out of this Contract, REGARDLESS OF WHETHER CAUSED OR CONTRIBUTED TO BY THE SOLEregardless of whether caused or contributed to by the sole, JOINT OR CONCURRENT NEGLIGENCE joint or concurrent negligence (IN ANY AMOUNTin any amount), STRICT LIABILITY OR OTHER FAULT OF ANY OF THE OTHER PARTYstrict liability or other fault of the other party or a preexisting condition. As used herein, “indirect or consequential damages” shall include, but not be limited to, cost of re-drilling the well, loss of revenue, profit or use of capital, production delays, loss of product, reservoir loss or damage, losses resulting from failure to meet other contractual commitments or deadlines and downtime of facilities or vessels.

Appears in 1 contract

Sources: Service Contract

Indirect or Consequential Damages. The parties hereto waive and release all claims against the other party for indirect, special, punitive or consequential damages arising out of this ContractCONTRACT, REGARDLESS OF WHETHER CAUSED OR CONTRIBUTED TO BY THE SOLEregardless of whether caused or contributed to by the sole, JOINT OR CONCURRENT NEGLIGENCE joint or concurrent negligence (IN ANY AMOUNTin any amount), STRICT LIABILITY OR OTHER FAULT OF ANY OF THE OTHER PARTYstrict liability or other fault of the other party or a pre-existing condition. As used herein, “indirect or consequential damages” shall include, but not be limited to, loss of revenue, profit or use of capital, production delays, loss of product, reservoir loss or damage, losses resulting from failure to meet other contractual commitments or deadlines and downtime of facilities or vessels.

Appears in 1 contract

Sources: Master Service Contract (Canargo Energy Corp)

Indirect or Consequential Damages. The parties hereto Parties waive and release all claims against the other party Party for indirect, special, punitive indirect or consequential damages arising out of this ContractAgreement or Drilling Operations, REGARDLESS OF WHETHER CAUSED OR CONTRIBUTED TO BY THE SOLE, JOINT OR CONCURRENT NEGLIGENCE (IN ANY AMOUNT), OR STRICT LIABILITY OR OTHER FAULT OF ANY OF THE OTHER PARTY, OR A PREEXISTING CONDITION. As used herein, “indirect or consequential damages” shall include, but not be limited to, loss of revenue, profit or use of capital, production delays, loss of product, reservoir loss or damage, losses resulting from failure to meet other contractual commitments or deadlines and downtime of facilities or vesselsfacilities.

Appears in 1 contract

Sources: Joint Venture Agreement (Standard Drilling, Inc.)

Indirect or Consequential Damages. The parties hereto waive and release all claims against the other party for indirect, special, punitive or consequential damages arising out of this Contract, REGARDLESS OF WHETHER CAUSED OR CONTRIBUTED TO BY THE SOLE, JOINT OR CONCURRENT NEGLIGENCE (IN ANY AMOUNT), STRICT LIABILITY OR OTHER FAULT OF ANY OF THE OTHER PARTY. As used herein, "indirect or consequential damages" shall include, but not be limited to, loss of revenue, profit or use of capital, production delays, loss of product, reservoir loss or damage, losses resulting from failure to meet other contractual commitments or deadlines and downtime of facilities or vessels.

Appears in 1 contract

Sources: Master Service Contract (Natural Gas Systems Inc/New)