Common use of No Duplication of Remedies Clause in Contracts

No Duplication of Remedies. In no event shall either Party be entitled to duplicate compensation with respect to any Claim or breach of representation, warranty or agreement asserted under the terms of this Agreement, even though such Claim or breach may be addressed by more than one provision of this Agreement. Non-Environmental Claims and Environmental Claims are excluded from Charges, which are adjusted between the Parties in accordance with the terms of Article 6. Payments for Claims under Article 8 shall not effect allocations of Charges and Operating Revenues under Article 6 and allocations of Charges and Operating Revenues under Article 6 shall not effect payments for Claims under Article 8. For the avoidance of doubt, Buyer's claims for indemnification under this Agreement are limited to Seller's ownership interest in the asset giving rise to such a claim.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Apache Corp)

No Duplication of Remedies. In no event shall either Party be entitled to duplicate compensation with respect to any Claim or claim for any breach of representation, warranty or agreement herein asserted under the terms of this Agreement, even though such Claim or claim for breach may be addressed by more than one provision of this Agreement. Non-Environmental Claims and Environmental Claims are excluded from Charges, which are adjusted between the Parties in accordance with the terms of Article 6. Payments for Claims claims under Article 8 shall not effect affect allocations of Charges and Operating Revenues under Article 6 and allocations of Charges and Operating Revenues under Article 6 shall not effect affect payments for Claims claims under Article 8. For the avoidance of doubt, Buyer's ’s claims for indemnification under this Agreement are limited to Seller's ’s ownership interest in the asset giving rise to such a claim.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Stone Energy Corp)