Punitive and Consequential Damages Sample Clauses

The Punitive and Consequential Damages clause limits or excludes a party’s liability for certain types of damages that may arise from a breach of contract. In practice, this clause typically states that neither party will be responsible for paying damages that are considered punitive (intended to punish) or consequential (indirect losses such as lost profits or business opportunities) resulting from the agreement. Its core function is to protect parties from potentially large and unpredictable financial liabilities that go beyond direct damages, thereby providing greater certainty and risk management in contractual relationships.
Punitive and Consequential Damages. Notwithstanding anything to the contrary contained in this Lease, nothing in this Lease shall impose any obligations on Tenant or Landlord to be responsible or liable for, and each hereby releases the other from all liability for, punitive, exemplary, or consequential damages other than those consequential damages incurred by Landlord in connection with (a) a holdover of the Property by Tenant after the expiration or earlier termination of this Lease, (b) the contamination of the Property or any property resulting from the presence or use of Hazardous Materials caused or permitted by the Tenant Group, or (c) any repair, physical construction or improvement work performed by or on behalf of Tenant at the Property.
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Punitive and Consequential Damages. Except with respect to liabilities owed to third-parties not affiliated with either Group, neither party shall be liable to the other, whether in contract, in tort (including negligence and strict liability), or otherwise, for any punitive, indirect, incidental or consequential damages, which in any way arise out of, relate to, or are a consequence of, its performance or nonperformance hereunder, or the provision of or failure to provide any Service or perform any other obligation hereunder, including loss of profits and business interruptions.
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Punitive and Consequential Damages. Nothing in this ---------------------------------- Agreement shall be construed to allow FSA to recover punitive or consequential damages from any Company Party or the Depositor, provided however, that this Section shall not limit indemnification of FSA for damages (however characterized) actually recovered from FSA by third parties.
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Punitive and Consequential Damages. In no event shall any of BGC Group be liable to any member or members of an Authorized Client’s User Group for any exemplary, aggravated, punitive, incidental, indirect or consequential damages in any way connected with these Terms or any use of or reliance on the Databases. Examples of such damages include, but are not limited to, lost business, business interruption, lost profits, lost revenue, loss of project use, lost data or any other economic losses. This part (b) of section 7 applies even if any of BGC Group were advised of the possibility or likelihood of such losses.
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Punitive and Consequential Damages. Notwithstanding anything to the contrary contained in this Lease, nothing in this Lease shall impose any obligations on Tenant or Landlord to be responsible or liable for, and each hereby releases the other from all liability for, punitive, exemplary, or consequential damages, other than those consequential damages incurred by Landlord in connection with (a) the holdover of the Property by Tenant after the expiration or earlier termination of this Lease, (b) Environmental Damages sustained by Landlord resulting from the activities and negligence of the Tenant Group on or about the Property or Project, or (c) any repair, physical construction or improvement work performed by or on behalf of Tenant in the Property (excluding work performed by Landlord or on behalf of Landlord for itself or for Tenant).
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Punitive and Consequential Damages. In no event shall either party be liable to the other for Punitive or Consequential Damages.
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Punitive and Consequential Damages. Neither any Company Party nor any GMPTS Party shall be entitled to recover from the other under the provisions of this Agreement for any punitive, exemplary, or consequential damages resulting from any breach of this Agreement.
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Punitive and Consequential Damages. 61 11.8 Mutual Release........................................... 61 11.9 Survival................................................. 61
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Related to Punitive and Consequential Damages

  • Consequential Damages Neither party to this Agreement shall be liable to the other party for special, indirect or consequential damages under any provision of this Agreement or for any special, indirect or consequential damages arising out of any act or failure to act hereunder.

  • Punitive Damages The Administrative Agent, the Lenders and the Borrower hereby agree that no such Person shall have a remedy of punitive or exemplary damages against any other party to a Loan Document and each such Person hereby waives any right or claim to punitive or exemplary damages that they may now have or may arise in the future in connection with any Dispute, whether such Dispute is resolved through arbitration or judicially.

  • Incidental and Consequential Damages Contractor shall be responsible for incidental and consequential damages resulting in whole or in part from Contractor’s acts or omissions. Nothing in this Agreement shall constitute a waiver or limitation of any rights that City may have under applicable law.

  • No Consequential Damages Other than the Liquidated Damages heretofore described and the indemnity obligations set forth in Article 18.1, in no event shall any Party be liable under any provision of this Agreement for any losses, damages, costs or expenses for any special, indirect, incidental, consequential, or punitive damages, including but not limited to loss of profit or revenue, loss of the use of equipment, cost of capital, cost of temporary equipment or services, whether based in whole or in part in contract, in tort, including negligence, strict liability, or any other theory of liability; provided, however, that damages for which a Party may be liable to another Party under separate agreement will not be considered to be special, indirect, incidental, or consequential damages hereunder.

  • 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.