Common use of Maximum Award Clause in Contracts

Maximum Award. The maximum amount a party may seek during mediation or be awarded by an arbitrator is the amount equal to the party’s Unreturned Capital Contributions and any Cash Distributions or interest to which the party may be entitled. An arbitrator will have no authority to award punitive or other damages.

Appears in 39 contracts

Sources: Limited Liability Company Agreement (Mission First Capital LLC), Operating Agreement (Holiday Lifestyle Fund I), Limited Liability Company Agreement (Mission First Capital LLC)

Maximum Award. The maximum amount a party may seek during mediation or be awarded by an arbitrator is the amount equal to the party’s Unreturned Capital Contributions and any Distributable Cash Distributions or interest to which the party may be entitled. An arbitrator will have no authority to award punitive or other damages.

Appears in 17 contracts

Sources: Operating Agreement (Central RoRo, LLC), Operating Agreement (North Star Recovery & Wellness, LLC), Operating Agreement (North Star Recovery & Wellness, LLC)

Maximum Award. The maximum amount a party may seek during mediation or be awarded by an arbitrator is the amount equal to the party’s partys Unreturned Capital Contributions and any Cash Distributions or interest to which the party may be entitled. An arbitrator will have no authority to award punitive or other damages.

Appears in 8 contracts

Sources: Company Operating Agreement (Gilmore Homes - Gilmore Loans, LLC), Company Operating Agreement (Gilmore Homes - Gilmore Loans, LLC), Company Operating Agreement (Gilmore Homes - Gilmore Loans, LLC)

Maximum Award. The maximum amount a party may seek during mediation or be awarded by an arbitrator is the amount equal to the party’s Unreturned Capital Contributions and any Cash Distributions or interest to which the party may be entitled. An arbitrator will have no authority to award punitive or other damages.. Gratus Capital Properties Fund III LLC 36 Amended & Restated Operating Agreement

Appears in 2 contracts

Sources: Operating Agreement (Gratus Capital Properties Fund III LLC), Operating Agreement (Gratus Capital Properties Fund III LLC)

Maximum Award. The maximum amount a party may seek during mediation or be awarded by an arbitrator is the amount equal to the party’s Unreturned Capital Contributions and any Cash Distributions or interest Interest to which the party may be entitled. An arbitrator will have no authority to award punitive or other damages. - AAA Commercial Mediation or Arbitration Rules. Any Dispute submitted for mediation or arbitration shall be subject to the AAA’s Commercial Mediation or Arbitration Rules. If there is a conflict between the Rules and this Article, the Article shall be controlling.

Appears in 1 contract

Sources: Series Limited Liability Company Agreement (VV Markets LLC)

Maximum Award. The maximum amount a party may seek during mediation or be awarded by an arbitrator is the amount equal to the party’s Unreturned Capital Contributions and any Cash Distributions or interest to which the party may be entitled. An arbitrator will have no authority to award punitive or other damages.. Paradyme Equities, LLC Company Agreement

Appears in 1 contract

Sources: Company Agreement (Paradyme Equities, LLC)

Maximum Award. The maximum amount a party may seek during mediation or be awarded by an arbitrator is the amount equal to the party’s Unreturned Capital Contributions and any Cash Distributions or interest Interest to which the party may be entitled. An arbitrator will have no authority to award punitive or other damages.

Appears in 1 contract

Sources: Operating Agreement (My Income Property, LLC)