Common use of Acknowledgement and limitations Clause in Contracts

Acknowledgement and limitations. (a) The Recipient acknowledges that the amounts to be paid to the Department under this clause 25 are a genuine pre-estimate of the losses incurred by the Department for the defaults described in this clause 25. (b) The Department and the Recipient agree that the amount of any repayments payable to the Department by the Recipient under this clause 25 shall not exceed the amount of the Funds paid to the Recipient. (c) This clause 25 does not limit any other right or remedy of the Department.

Acknowledgement and limitations. (a) The Recipient acknowledges that the amounts to be paid to the Department under this clause 25 23 are a genuine pre-estimate of the losses incurred by the Department for the defaults described in this clause 25.23. For information only (b) The Department and the Recipient agree that the amount of any repayments payable to the Department by the Recipient under this clause 25 23 shall not exceed the amount of the Funds paid to the Recipient. (c) This clause 25 23 does not limit any other right or remedy of the Department.

Acknowledgement and limitations. (a) The Recipient acknowledges that the amounts to be paid to the Department under this clause 25 23 are a genuine pre-estimate of the losses incurred by the Department for the defaults described in this clause 2523. (b) The Department and the Recipient agree that the amount of any repayments payable to the Department by the Recipient under this clause 25 23 shall not exceed the amount of the Funds paid to the Recipient. (c) This clause 25 23 does not limit any other right or remedy of the Department.