Limitation Amount Sample Clauses
The Limitation Amount clause sets a maximum cap on the total liability that one party may incur under a contract. Typically, this clause specifies a fixed dollar amount or ties the cap to a relevant metric, such as the total fees paid under the agreement. For example, if a dispute arises, the responsible party's financial exposure cannot exceed the agreed limitation amount, regardless of the actual damages. This clause's core function is to allocate and control risk by preventing unlimited liability, thereby providing certainty and predictability for both parties.
Limitation Amount. As referenced in Section 17 (Limitation of Liability) of the Master Terms, the Limitation Amount for this Development Project is XXXXXX.
Limitation Amount. Notwithstanding the Limitation Amount provided in each of the Project Agreements, the Limitation Amount as between IBM and Company for all Development Projects in the aggregate is a total of XXXXX.
Limitation Amount. Subject to the Company meeting all requirements, duties, and obligations of this Agreement, the taxable value for purposes of the District’s maintenance and operations ad valorem tax in relation to the Eligible Property subject to this Agreement for each tax year of the Construction Period and Incentive Period is as set forth in Exhibit A.
Limitation Amount. Purchaser shall be entitled to indemnification under this Article 5 if and only if the aggregate amount of the damages concerned exceeds U.S. $50,000, in which case Purchaser shall be entitled to claim indemnification for the full amount of the damages concerned.
Limitation Amount. Notwithstanding the Limitation Amount provided in each of the Project Agreements, the Limitation Amount as between IBM and Company for all Development Projects in the aggregate is a total of XXXXXX.
Limitation Amount. Notwithstanding any other provision of this Plan to the contrary, the Annual Addition to a Participant's Account for any Limitation Year shall not exceed the lesser of 25% of the Employee's Allowable Compensation (as defined in Article 2) or $30,000 (or, if greater, 1/4 of the dollar limitation in effect under Code Section 415(b)(1)(A)), or such other amount for the Limitation Year as may be established by regulations under Code Section 415(d).