Exemplary Damages Sample Clauses

Exemplary Damages. The Parties waive their rights to claim or recover, and the arbitral tribunal shall not award, any punitive, multiple, or other exemplary damages (whether statutory or common law) except to the extent such damages have been awarded to a third party and are subject to allocation between or among the parties to the Dispute.

Exemplary Damages. A claim for exemplary damages was pleaded. The para (10) of the Notice of counter-claim is in these terms;

Exemplary Damages damages awarded usually as a result of a finding of willful misconduct, fraud, malice or oppression, or conduct in reckless disregard of a party’s rights and interests, intended to punish the wrongdoer or to deter such conduct from occurring in the future, where the amount is not fixed by statute or otherwise.

Exemplary Damages is extended to indemnify you and any driver who is in charge of the insured vehicle with your consent against liability for punitive or exemplary damages for:

Exemplary Damages. Section 2 of this policy does not insure liability for exemplary damages.

Exemplary Damages covers the Insured’s liability for exemplary damages in New Zealand for bodily injury. There is no cover under this extension for liability arising from any dishonest or malicious act or omission by the Insured. The maximum the Insurer will pay any one claim or series of claims arising from one accident is the amount specified in the schedule. In respect of all claims during the period of insurance, the maximum amount that will be paid is the amount specified in the schedule. The excess stated in the schedule applies to this extension. Exclusion 2.3 and General Condition 2.4 does not apply to this extension.

Exemplary Damages. Section 2 is extended to indemnify the insured against liability for punitive or exemplary damages arising from: 1. accidental bodily injury, or 2. accidental loss to any property, occurring during the period of insurance, caused by or through or in connection with their use of the insured vehicle in New Zealand, provided that there is no indemnity under this extension: a. arising from any dishonest, fraudulent or malicious act or omission by the insured or anyone acting on behalf of the insured, or b. arising from any claim first notified to the insured but not notified to us within six months of that date. The most we will pay under this extension: i. for any one event is the amount shown in the Limits and Excesses section, and ii. in total for all claims during an annual period is the amount shown in the Limits and Excesses section.

Exemplary Damages. The most we will pay for punitive or exemplary damages is $250,000 for any event. SETTLEMENT OF ANY CLAIM We may pay the sum insured under this Section of the policy, or any lesser amount that the legal liability can be settled for plus defence costs to date, and this will meet all our obligations under this Section of the policy. CONFISCATION You are not insured for loss or legal liability connected in any way with confiscation, acquisition, loss or damage by order of government, public or local authority, unless that order was for the purpose of preventing or reducing pollution arising from loss to your craft insured by this policy. EXCESS For each event, the excess will be deducted from the amount of your claim unless stated otherwise under an Additional Benefit. Where an event occurs that results in a claim under more than one section or benefit (or sub-section of a benefit) of this policy, we will apply only the highest applicable excess. INTENTIONAL OR RECKLESS ACTS You are not insured for any loss or legal liability arising from any intentional or reckless act or omission. LOSS OF ELECTRONIC DATA You are not insured for loss or legal liability in any way connected with loss of or damage to electronic data and any liability arising from this, directly or indirectly caused by, or in connection with a computer virus. This includes loss of use, reduction in functionality or any other associated loss or expense in connection with the electronic data. LOSSES NOT INSURED You are not insured for loss or legal liability:

Exemplary Damages. The Parties waive their rights to claim or recover, and it is expressly agreed that the arbitrators shall have no authority to award special, indirect, consequential, exemplary or punitive damages.