Common use of Limitation on Awards Clause in Contracts

Limitation on Awards. Except as provided in Section 16.2(b), Arbitrators may not award (i) incidental, consequential or punitive damages in the resolutions of any Dispute and the Parties hereby waive all rights to and claims for monetary awards other than compensatory damages, (ii) the right to terminate this Agreement or any of the rights and obligations hereunder, or (iii) any other right or remedy that contravenes the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Escrow Agreement (Pathnet Inc), Fixed Point Microwave Services Agreement (Pathnet Inc)

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Limitation on Awards. Except as provided in Section 16.2(b), Arbitrators may not award (i) incidental, consequential or punitive damages in the resolutions of any Dispute and the Parties hereby waive all rights to and claims for monetary awards other than compensatory damages, (ii) the right to terminate this Agreement or any of the rights and obligations hereunder, or (iii) any other right or remedy that contravenes the terms and conditions of this Agreement, or (iii) except as provided in Section 3.2, termination of this Agreement.

Appears in 2 contracts

Samples: Pledge Agreement (Pathnet Inc), Pathnet Inc

Limitation on Awards. Except as provided in Section 16.2(b)SECTION 15.2.2, Arbitrators arbitrators may not award (i) incidental, special, consequential or punitive damages in the resolutions of any Dispute and the Parties hereby waive all rights to and claims for monetary awards other than compensatory damages, (ii) the right to terminate this Agreement or any of the rights and obligations hereunder, or (iii) any other right or remedy that contravenes the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Fixed Point Microwave Services Agreement (Pathnet Inc), Pathnet Inc

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Limitation on Awards. Except as provided in Section 16.2(b), Arbitrators may not award (i) incidental, consequential or punitive damages in the resolutions of any Dispute and the Parties hereby waive all rights to and claims for monetary awards other than compensatory damages, except as provided in Section 16.2(d) of this Agreement, (ii) the right to terminate this Agreement or any of the rights and obligations hereunderhereunder except pursuant to SECTION 3.3, or (iii) any other right or remedy that contravenes the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Fixed Point Microwave Services Agreement (Pathnet Inc), Security Agreement (Pathnet Inc)

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