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.
Appears in 4 contracts
Samples: Project Consortium Agreement, aeneas-office.org, Model Project Consortium Agreement
