Indirect, Special, Exemplary or Consequential Damages. Neither Party will be liable to the other Party for any indirect, special, exemplary or consequential damages or Losses of any kind or nature, including damages for loss of profits, business interruption or loss of goodwill arising from or relating to this Lease, even if such Party is expressly advised of the possibility of such damages, except in the case of gross negligence or willful misconduct of the other Party; provided, however, that the foregoing is subject to any limits imposed by Applicable Law and will not apply to third Person claims asserted against an indemnified party to this Lease as provided in Section 14(b). Neither Party’s elected officials, appointed officials, board members, members, shareholders and other owners, directors, officers, employees, agents, and attorneys or other representatives shall be personally liable for any obligations or other matters arising under this Lease.
Appears in 3 contracts
Samples: Speedway Lease Agreement, Speedway Lease Agreement, Speedway Lease Agreement
Indirect, Special, Exemplary or Consequential Damages. Neither Party will be liable to the other Party for any indirect, special, exemplary or consequential damages or Losses of any kind or nature, including damages for loss of profits, business interruption or loss of goodwill arising from or relating to this LeaseAgreement, even if such Party is expressly advised of the possibility of such damages, except in the case of gross negligence or willful misconduct of the other Partymisconduct; provided, however, that the foregoing (ia) is subject to any limits imposed by Applicable Law and (iib) will not apply to third Person third-party claims asserted against an indemnified party to this Lease Agreement as provided in Section 14(b)13.9 and Section 13.10. Neither Party’s elected officials, appointed officials, board members, members, shareholders and other owners, directors, officers, employees, agents, and attorneys or other representatives shall be personally liable for any obligations or other matters arising under this LeaseAgreement.
Appears in 1 contract
Samples: Development Agreement