Exclusion of Consequential Damages Notwithstanding anything contained herein to the contrary, neither Party will be liable under this Agreement or under any cause of action relating to the subject matter of this Agreement for any special, indirect, incidental, punitive, exemplary or consequential damages, including loss of profits, loss of use of any property or claims of customers or contractors of the Parties for any such damages.
Waiver of Consequential Damages NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, UNDER NO CIRCUMSTANCES WILL ANY MEMBER OF COMPANY GROUP BE LIABLE TO ANY MEMBER OF GRANTEE GROUP FOR ANY CONSEQUENTIAL, SPECIAL, INDIRECT, INCIDENTAL, EXEMPLARY, OR PUNITIVE DAMAGES, OR ANY DAMAGES ARISING OUT OF OR CALCULATED BY THE LOSS OF PROFITS, LOSS OF BUSINESS OPPORTUNITY, LOSS OF PROSPECTIVE REVENUE, OR DOWNTIME OF FACILITIES OR VESSELS ARISING OUT OF THIS AGREEMENT, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NO LAW, THEORY, OR PUBLIC POLICY WILL BE GIVEN EFFECT THAT WOULD UNDERMINE, DIMINISH, OR REDUCE THE EFFECTIVENESS OF THIS WAIVER, IT BEING THE EXPRESS INTENT, UNDERSTANDING, AND AGREEMENT OF THE PARTIES THAT SUCH WAIVER IS TO BE GIVEN ITS FULLEST EFFECT, NOTWITHSTANDING THE NEGLIGENCE (WHETHER SOLE, JOINT, CONCURRENT, ACTIVE, OR PASSIVE), GROSS NEGLIGENCE, WILLFUL MISCONDUCT, STRICT LIABILITY, STATUTORY LIABILITY, CONTRACTUAL LIABILITY, OR OTHER LEGAL FAULT OF ANY PARTY OR THE EXISTENCE OF ANY PRE- EXISTING CONDITION OR DEFECT (WHETHER PATENT, LATENT, OR OTHERWISE), AND ANY STATUTORY REMEDIES THAT ARE INCONSISTENT WITH SUCH WAIVER ARE WAIVED TO THE EXTENT SO PERMITTED.