Applicable Damages Clause Samples
The Applicable Damages clause defines the types and limits of damages that a party may recover in the event of a breach of contract. Typically, this clause specifies whether damages are limited to direct losses or if consequential, incidental, or punitive damages are also recoverable, and may set monetary caps on liability. By clearly outlining what damages are available, the clause helps manage risk and provides certainty to both parties regarding their potential financial exposure in case of a dispute.
Applicable Damages. The total of (a) general damages for pain, suffering, and loss of amenity; and (b) damages for pecuniary loss, other than future pecuniary loss, net of any sums recoverable by the Compensation Recovery Unit of the Department for Work and Pensions.
Applicable Damages. The Escrow Shares, Additional Shares and other assets held in the Escrow Fund may be distributed to a party other than the 2000 Trust only in satisfaction of a claim for indemnification under the Merger Agreement relating to Damages (as defined in the Merger Agreement) other than Damages resulting from the failure of either of the Mergers to qualify as a tax free reorganization under 368(a) of the Code (hereinafter referred to as "APPLICABLE DAMAGES").
Applicable Damages. Its release of liability shall apply to all known, unknown, and unanticipated damages resulting from the release of the dogs to the Los Angeles County Sheriff’s Department’s care, custody, and control.
Applicable Damages. Sections 8.4, 8.5, 8.8, 8.9 and 8.11 of the Agreement shall be applicable to claims for indemnification under this Paragraph 14. The rights of the Parties under this Paragraph 14 shall be in addition to, and not in lieu of, any rights under the Agreement.