Economic Loss. The Subscriber believes that an investment in the Securities is suitable for the Subscriber based upon the Subscriber’s investment objectives and financial needs. The Subscriber (i) has adequate means for providing for the Subscriber’s current financial needs and personal contingencies; (ii) has no need for liquidity in this investment; (iii) at the present time, can afford a complete loss of such investment; and (iv) does not have overall commitments to investments which are not readily marketable and disproportionate to the Subscriber's net worth, and the Subscriber's investment in the Securities will not cause such overall commitments to become excessive.
Economic Loss. An Employee covered by this Agreement who has at any time since May 1, 1961, received a wage rate in his present classification in excess of the rate for that classification, set forth in Article 1, paragraph 1 of this Agreement, shall suffer no reduction in his rate per hour through the signing of this Agreement, so long as he continues to be employed by the same Employer, and works in the same classification. In no event, however, will any Employee be entitled to weekly overtime pay for hours worked unless such hours exceed forty-eight (48) hours in any work week. No Employee shall receive less than the hourly rates provided in Article 1 of this Agreement.
Economic Loss. Notwithstanding anything contained in these General Conditions or the Contract, the Seller shall in no circumstances be liable, in contract, tort (including negligence or breach of statutory duty) or otherwise howsoever, and whatever the cause thereof (i) for any loss of profit, business, contracts, revenues, or anticipated savings, or (ii) for any special indirect or consequential damage of any nature whatsoever.
Economic Loss. The Lender believes that an investment in the Securities is suitable for the Lender based upon the Lender’s age, other investments, tax status, investment experience, investment objectives, investment time horizon, liquidity needs, risk tolerance, financial needs, among other factors. The Lender:
(i) has adequate means for providing for the Lender’s current financial needs and personal contingencies; (ii) has no need for liquidity in this investment; (iii) at the present time, can afford a complete loss of such investment; (iv) does not have overall commitments to investments which are not readily marketable and disproportionate to the Lender's net worth, and (v) the Lender's investment in the Securities will not cause such overall commitments to become excessive.
Economic Loss. (a) As respects Layer One: If there are no Significant Negative Results, this term shall mean the Net Present Value of Ultimate Net Loss payments made by Reinsurer in Layer One less the sum of (i) the Net Present Value of Layer One reinsurance premium paid and (ii) the Net Present Value of Optional Retrospective Premium actually paid to the Reinsurer as stipulated in the article entitled REINSURANCE PREMIUM. If there are Significant Negative Results at any time after the Closing Date, this term shall mean the Net Present Value of Ultimate Net Loss payments made by the Reinsurer in Layer One less the sum of (i) the Net Present Value of Layer One reinsurance premium paid and (ii) if positive, the difference between the Net Present Value of Optional Retrospective Premium actually paid to the Reinsurer and $40,000,000.
(b) As respects Layer Two, this term shall mean the Net Present Value of Ultimate Net Loss payments made by Reinsurer in Layer Two less the Net Present Value of Layer Two reinsurance premium paid.
Economic Loss. EMPLOYEES covered by this Agreement receiving wages or conditions over and above those listed in this Agreement shall suffer no economic reduction through the signing of this Agreement. No EMPLOYEE shall receive less than the hourly rates provided in this Agreement. Individual Negotiating:
Economic Loss. Except for willful misconduct, the parties shall not be liable towards each other for any indirect or consequential damage or loss such as, but not limited to, loss of profit, loss of production or loss of opportunity.
Economic Loss. The Customer grants Nurved a lien over Customer Equipment to secure all sums due, owing or incurred to Nurved under this Agreement and such lien shall continue and Nurved shall be entitled to retain possession of all Equipment (and the Customer shall not be entitled to remove the Equipment from the Property) until Nurved has received all such sums in cleared funds. If after a period of 30 days following account termination, monies are still owed by the customer, Nurved Consulting reserve the right to dispose of the Equipment in order to satisfy the debt.
Economic Loss. Neither Party shall be liable to the other Party whether according to any provision of the Agreement (including any indemnity), by way of damages for breach of contract, in tort, for breach of statutory duty, equity, or under any other legal theory, for any loss of profit or revenue, loss of use of equipment or associated equipment, loss of production or downtime costs, loss of opportunity, loss of contract or loss of goodwill suffered by such other Party, provided always that this shall not prevent, limit or exclude: Liability in the case of fraud, fraudulent misrepresentation, gross negligence or wilful misconduct; Any liabilities to the extent corresponding payments are received or are to be subsequently received according to insurance policies required to be affected and maintained by the Service Provider (or where such amounts would be paid or payable but for any vitiating act or omission of the Service Provider which entitles insurers to avoid such payment); and Any liabilities for such losses or costs which would otherwise be recoverable pursuant to the indemnities set out in Clause 22.1 to the extent the Service Provider would have been liable to the third party or parties referred to therein had such third parties brought a claim against the Service Provider directly.
Economic Loss. 12.1. Notwithstanding anything contained in these General Conditions or the Contract, the Seller shall under no circumstances be liable for any reason, whether in contract, tort (including negligence or breach of statutory duty) or otherwise, and whatever the cause thereof (i) for any loss of profit, business, contracts, revenues, or anticipated savings, or (ii) for any special, indirect, incidental or consequential damage of any nature whatsoever.
12.2. In jurisdictions that limit the scope of or preclude limitations or exclusions of remedies or damages or of liability such as liability for gross negligence or willful misconduct or do not allow implied warranties to be excluded, the limitation or exclusion of warranties, remedies, damages or liability set forth herein are intended to apply to the maximum extent permitted by applicable law.
12.3. With respect to any costs, damages, interest or claims adjudicated by a court or arbitration tribunal located in the United States of America and its possessions (the “US”) or applying the laws of the US or any of its states or territories for which the Seller is liable to the Purchaser, the Seller shall in any case only be liable to the Purchaser to the extent it would have been liable pursuant to the internal laws of Switzerland.
