Limits on Damages Sample Clauses
The Limits on Damages clause sets a maximum cap on the amount of monetary compensation one party can be required to pay the other in the event of a breach or other liability under the contract. Typically, this clause specifies a dollar amount or ties the limit to the value of the contract, and may exclude certain types of damages, such as indirect or consequential losses. Its core function is to allocate risk between the parties by providing predictability and preventing potentially unlimited financial exposure.
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Limits on Damages. IN NO EVENT SHALL PVMI OR ITS OFFICERS, MEMBERS, AGENTS OR EMPLOYEES BE LIABLE FOR ANY INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES OF ANY KIND, INCLUDING ECONOMIC DAMAGE OR INJURY TO PROPERTY AND LOST PROFITS, REGARDLESS OF WHETHER SUCH PARTY SHALL BE ADVISED, SHALL HAVE OTHER REASON TO KNOW OR IN FACT KNOW OF THE POSSIBILITY.
Limits on Damages. IN NO EVENT SHALL PVMI OR ITS OFFICERS, MEMBERS, AGENTS OR EMPLOYEES BE LIABLE TO GROWER OR ANY THIRD PARTY CLAIMING UNDER OR THROUGH GROWER FOR ANY INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES OF ANY KIND, INCLUDING WITHOUT LIMITATION ANY ECONOMIC DAMAGE OR INJURY TO PROPERTY OR LOST PROFITS, REGARDLESS OF WHETHER GROWER OR THE THIRD PARTY CLAIMING UNDER OR THROUGH GROWER HAS BEEN ADVISED, SHALL HAVE OTHER REASON TO KNOW OR IN FACT KNOWS OF THE POSSIBILITY OF SAID DAMAGES OCCURRING.
Limits on Damages. Notwithstanding anything in this Agreement to the contrary, in no event shall the Rights Agent be liable for special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Rights Agent has been advised of the likelihood of such loss or damage and regardless of the form of the action.
Limits on Damages. The Guarantor and Motorola agree that they shall not have a remedy of punitive or exemplary damages against the other in any dispute and hereby waive any right or claim to punitive or exemplary damages they have now or which may arise in the future in connection with any dispute.
Limits on Damages. To the maximum extent permitted by applicable law, in no event shall either party be liable to the other for any special, incidental, indirect, consequential, punitive or exemplary damages whatsoever arising out of this Agreement, even if the party has been advised of the possibility of such damages. In recognition of the relative risks and benefits of the project to both the Client and 2N Civil, the parties have agreed to allocate the risks. Client agrees to limit the liability of 2N Civil for all claims related to the services provided by 2N Civil that are in dispute to the Net Income realized by 2N Civil. “Net income” means the total amount paid to 2N Civil by Client for the services in dispute minus all costs incurred by 2N Civil for materials, equipment, contract labor (but not in house labor), sales and use taxes and other expenses .
Limits on Damages. Each Party shall be liable to the other for actual damages, as specifically described and limited above, suffered as a result of a breach of this Agreement by the other; provided, however, neither Party shall be liable as result of any action or inaction under this Agreement or otherwise (including negligence, strict or absolute liability, breach of contract, or breach of statutory duty) for any loss of profit, loss of revenue, cost of capital, facilities, or services, down-time costs, loss of opportunity, loss of production, loss of contracts, loss due to business interruption, or for any other special, exemplary, incidental, or consequential damages; provided, however, that this limitation shall not apply to (a) any liquidated damages established in this Agreement, (b) a breach of this Agreement by Steam Purchaser in order to purchase steam from another source, to build its own source of steam, or in an attempt to obtain more favorable pricing terms for the steam that it purchases or (c) a breach of this Agreement by Project Company in order to sell steam to another Person.
Limits on Damages. Notwithstanding any other terms in this Agreement, except in the case of a Third Party Claim or claims for fraud or intentional misrepresentation or knowing and intentional breach of this Agreement, Losses shall not include special, incidental, indirect, consequential, punitive or exemplary damages or claims for diminution of value, including consequential damages resulting from business interruption, increased insurance premiums or lost profits or other Losses based upon any multiplier of a Person’s earnings, including earnings before interest, depreciation or amortization or any other metric; provided, however, that the foregoing shall not limit the right of EH to recover its damages arising from loss of Tax benefits it would have realized if ENA and LATA complied with their respective obligations to remain as REITs and DCRs as set forth in Section 3.01 and Section 7.05 of this Agreement (subject to any limitations and exceptions set forth in such Sections) from Closing through the DCR Release Date. Neither Party shall be authorized to initiate any claims for indemnification or recover any Losses under this Article X unless such Indemnified Party has suffered Losses arising in connection with the breach or inaccuracy of any representations or warranty set forth in Article V or Article VI, as applicable, in the aggregate, in excess of Two Hundred Fifty Thousand Dollars ($250,000.00), in which event such Indemnified Party may seek recovery of such Losses in full, including the first Two Hundred Fifty Thousand Dollars ($250,000.00) (the “Threshold”). For avoidance of doubt, the Threshold shall not apply to Losses arising in connection with the breach of covenants and agreements set forth in this Agreement or the Transaction Documents.
Limits on Damages. Sponsor shall not be liable for any special, incidental, indirect or consequential damages that may arise in connection with the execution and/or performance of this Agreement.
Limits on Damages. All Damages recoverable by an Indemnified Party under this Agreement shall be net of insurance proceeds (less the cost thereof) actually recovered by such Indemnified Party.
Limits on Damages. Notwithstanding anything in this Agreement or any other Transaction Document to the contrary, neither Product Sub nor the Company shall have any liability to Investor arising out of, or otherwise relating to this Agreement and any other Transaction Document, or the transactions contemplated hereby or thereby in excess of an amount equal to: (a) the Maximum Payment Amount, minus (b) the aggregate amount collected or received by the Investor (and any direct or indirect Assignee of the Investor to whom any interest in the Revenue Interest Payments is transferred) in respect of the Revenue Interest Payments, minus (c) the aggregate amount collected or received by the Investor or any Indemnitee (and any direct or indirect Assignee of the Investor to whom any interest in the Revenue Interest Payment is transferred) with respect to any Indemnified Liabilities (without duplication of any amounts received pursuant to the preceding clause (b)); provided that, for the avoidance of doubt, the limitations set forth in this Section 11.03 shall not apply (i) to the Product Sub’s indemnification obligations under Section 11.01 with respect to Third Party claims, (ii) to the Product Sub’s indemnification and reimbursement obligations under Section 11.01 with respect to out-of-pocket costs and expenses paid by Investor in connection with the exercise or enforcement of its rights under any Transaction Document or (iii) in the case of fraud.