Common use of LIMITATION ON QUANTUM Clause in Contracts

LIMITATION ON QUANTUM. (A) The Purchaser shall not be entitled in any event to damages or other amount in respect of any individual substantiated claim against the Seller under any of the Warranties or Undertakings unless the amount of any such individual substantiated claim: (i) shall exceed R$100.000,00 if such claim arises in connection with any of the matters listed in paragraph 1 of Schedule 10, or (ii) shall exceed R$500.000,00, if such claim arises in connection with any other matter. Notwithstanding the provisions of this paragraph 2.1 (A), any claim arising in connection with the matters listed in paragraph 2 of the Schedule 10 shall not be subject to any limitation on quantum. (B) For the purposes of paragraph (A) above, "individual" means a single substantiated claim of the Purchaser against the Seller related to one single event, circumstance, act or omission, which caused a breach of any Warranty or Undertaking and resulted in a loss to the Purchaser or any of its Affiliates. For the avoidance of doubt, a single claim by the Purchaser that arise from more than one substantiated claim of the Purchaser shall not be deemed as an individual substantiated claim for the purpose of paragraph (A) above.