Monetary Limits. 3.1 The aggregate amount of the liability of the Company in respect of the aggregate of all Claims shall not exceed an amount equal to fifty percent (50%) of the Subscription Monies. 3.2 The Company shall not have any liability whatsoever in respect of any Claim unless: (a) the liability of the Company in respect of an individual Claim (or series of related Claims with respect to related facts or circumstances) exceeds HK$1,000,000 (excluding interest and costs) (such Claim, a “Qualifying Claim”); and (b) until the aggregate amount of the liability of the Company for all such Qualifying Claims exceeds HK$30,000,000 (in which event the Company shall be liable for the amount of all the Qualifying Claims and not just the excess).
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Sources: Subscription Agreement, Subscription Agreement