Maximum Liability definition

Maximum Liability has the meaning assigned to such term in Section 10.10.

Maximum Liability. This Section with respect to the Maximum Liability of each Loan Guarantor is intended solely to preserve the rights of the Lenders to the maximum extent not subject to avoidance under applicable law, and no Loan Guarantor nor any other person or entity shall have any right or claim under this Section with respect to such Maximum Liability, except to the extent necessary so that the obligations of any Loan Guarantor hereunder shall not be rendered voidable under applicable law. Each Loan Guarantor agrees that the Guaranteed Obligations may at any time and from time to time exceed the Maximum Liability of each Loan Guarantor without impairing this Loan Guaranty or affecting the rights and remedies of the Lenders hereunder, provided that, nothing in this sentence shall be construed to increase any Loan Guarantor’s obligations hereunder beyond its Maximum Liability.

Maximum Liability has the meaning set forth in Section 12.9.

Examples of Maximum Liability in a sentence

• The Service Rates and the Maximum Liability of the Institution under this Contract are firm for the duration of the Contract and are not subject to escalation for any reason unless this Contract is amended.

• The State’s total liability under this Grant Contract (including any exhibits, schedules, amendments or other attachments to the Contract) or otherwise shall under no circumstances exceed the Maximum Liability originally established in Section C.1 of this Grant Contract.

• The Contractor shall be compensated based on the Service Rates herein for units of service authorized by the Institution in a total amount not to exceed the Contract Maximum Liability established in Section C.1. The Contractor’s compensation shall be contingent upon the satisfactory completion of units of service or project milestones listed below.

• The Maximum Liability of the State is not subject to escalation for any reason unless amended.

• The State’s total liability under this Contract (including any exhibits, schedules, amendments or other attachments to the Contract) or otherwise shall under no circumstances exceed the Maximum Liability.

More Definitions of Maximum Liability

Maximum Liability has the meaning set forth in Section 2.01(b).

Maximum Liability means (i) the Specified Sum; (ii) Default Interest on that sum; and (iii) expenses of the Bank in enforcing this Guarantee on a full indemnity basis; where a liability for Guaranteed Monies is incurred in a currency different from the currency in which the Maximum Liability is stated and the equivalent of that liability in the currency in which the Maximum Liability is stated, calculated at the Exchange Rate, has increased since it was incurred, that increase shall be added to the Maximum Liability;

Maximum Liability means a sum equal to 10 percent of the greater of:

Maximum Liability means the maximum obligation of IKO under the Limited Warranty, as described in the sections titled “Iron Clad Protection Period”, “Beyond Iron Clad Protection Period”, “Limited Wind Resistance Warranty” and “Limited Algae Resistance Warranty” whichever is applicable. Please read each of these sections carefully for more details.

Maximum Liability means the maximum liability on the part of the Company to the Client arising under or in connection with this Agreement being £1,000.

Maximum Liability means, with respect to a Party, an amount equal to the total amount paid or to be paid by one Party to the other Party under the terms of this Agreement in any given year.

Maximum Liability means, with respect to Seller, the aggregate Residual Value of the Portfolio as of such date, and with respect to Buyer, one million Dollars ($1,000,000); provided that a reduction in the Maximum Liability of Seller shall never result in a requirement for Buyer or any Buyer Indemnitee to return any money to Seller. Maximum Liability will be determined on an aggregate basis between this Agreement and the O&M Agreement.