Common use of Financial limit on liability Clause in Contracts

Financial limit on liability. Subject to the provisions of Sections 5.2.4 and 5.2.5 of this PCA, the aggregate liability of each Party under the provisions of Section 5.2.1 to all of the other Parties collectively in respect of any and all such claims shall not exceed the lower/higher of: once/twice that Party's Action Share, or the sum of five hundred thousand euros (€500,000). The financial maximisation of liability specified above in this Section 5.2.3 shall be doubled/not apply in the case of any [START OF OPTION] grossly negligent [END OF OPTION] breach by a Party of its obligations under (a) Section 10 (Confidentiality), or (b) under Section 8 (Results) of this PCA.

Financial limit on liability. Subject to the provisions of Sections 5.2.4 and 5.2.5 of this PCA, the aggregate liability of each Party under the provisions of Section 5.2.1 to all of the other Parties collectively in respect of any and all such claims shall not exceed the lower/higher of: once/twice once that Party's Action Share. However, or the sum of five hundred thousand euros (€500,000). The financial maximisation of limitation on liability specified above in this Section 5.2.3 shall be doubled/not apply in the case of any [START OF OPTION] grossly negligent [END OF OPTION] breach by a Party of its obligations under under (a) Section 10 (Confidentiality), or or (b) under Section 8 (Results) of this PCA. Instead, the aggregate liability of each Party for all claims arising from or related to a breach by that Party of its obligations under the abovementioned Sections of this PCA shall not exceed the amount of € 500.000,00 (five hundred thousand euros).