LIMITATION OF LIABILITY OF VT INC Sample Clauses
The Limitation of Liability of VT Inc clause restricts the amount and types of damages that VT Inc can be held responsible for under the agreement. Typically, this clause sets a maximum cap on monetary liability, excludes certain categories of damages such as indirect or consequential losses, and may specify exceptions for cases like gross negligence or willful misconduct. Its core practical function is to allocate and limit risk exposure for VT Inc, ensuring that potential liabilities are predictable and manageable, thereby protecting the company from excessive or unforeseen financial claims.
LIMITATION OF LIABILITY OF VT INC. Notwithstanding anything contained herein to the contrary, this Exchange Note Servicing Supplement has been signed by VT Inc. not in its individual capacity but solely in its capacity as Titling Trustee and in no event shall VT Inc. in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the Titling Trust hereunder, as to all of which recourse shall be had solely to the assets of the Titling Trust.