Common use of Basket Limitation Clause in Contracts

Basket Limitation. Neither Party shall be entitled to make any claim under this Clause 12 unless such claims by such Party exceed [Amount to Be Agreed Dollars] ($) (or the Jamaican Dollar equivalent) in the aggregate or until such claim if not made would be barred by the relevant statute of limitations.

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Basket Limitation. Neither Party shall be entitled to make any claim under this Clause 12 Section 10 unless such claims by such Party exceed [Amount to Be Agreed DollarsAMOUNT TO BE AGREED IN DOLLARS] ($) (or the Jamaican Dollar equivalent) in the aggregate or until such claim if not made would be barred by the relevant statute of limitations.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Basket Limitation. Neither Party shall be entitled to make any claim under this Clause 12 unless such claims by such Party exceed [Amount to Be Agreed Dollars] ($) (or the Jamaican Guyana Dollar equivalentequivalent at the prevailing exchange rate) in the aggregate or until such claim if not made would be barred by the relevant statute of limitations.

Appears in 2 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement

Basket Limitation. Neither Party shall be entitled to make any claim under this Clause 12 unless such claims by such Party exceed [Amount to Be Agreed Dollars] Fifty Thousand Dollars ($50,000) (or the Jamaican Dollar equivalent) in the aggregate or until such claim if not made would be barred by the relevant statute of limitations, at which time all such claims of that Party may be made; provided that when such claims have been made, the same rule shall apply in respect of future claims.

Appears in 1 contract

Samples: Power Purchase Agreement

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Basket Limitation. Neither Party shall be entitled to make any claim under this Clause 12 unless until such time as all such claims by such Party exceed [Amount to Be be Agreed Dollars] ($) (or the Jamaican Dollar equivalent) in the aggregate or until such claim if not made would be barred by the relevant statute of limitations, at which time all such claims of that Party may be made; provided that when such claims have been made, the same rule shall apply in respect of future claims.

Appears in 1 contract

Samples: Power Purchase Agreement

Basket Limitation. Neither Party shall be entitled to make any claim under this Clause 12 Section 11 unless such claims by such Party exceed [Amount to Be Agreed DollarsAMOUNT TO BE AGREED IN DOLLARS] ($) (or the Jamaican Dollar equivalent) in the aggregate or until such claim if not made would be barred by the relevant statute of limitations.

Appears in 1 contract

Samples: Power Purchase Agreement

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