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 total aggregate liability of each Party to all of the other Parties collectively in respect of any and all claims between the Parties for loss or damage caused by a Party, its employees, agents and Subcontractors and arising in connection with the Action and/orincluding this PCA or the GA, shall not exceed the greater of: once/twice that Party's Share, or the sum of five hundred thousand euros (€500,000). The financial limitation 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 (Non-disclosure of Sensitive Information), or (b) Section 8 (Results) of this PCA.