Common use of Limitation on Recovery Clause in Contracts

Limitation on Recovery. Neither Party shall be entitled to recover under Section 9.11 or 9.12 until the aggregate amount which such Party would recover but for this Section 9.13 exceeds Fifty Thousand Dollars ($50,000), in which event such Party shall be entitled to recover for all damages (including the initial $50,000); provided, however, that the foregoing limitation shall not apply to recovery for mechanics liens or other claims asserted under Section 9.11.1(c).

Appears in 7 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Limitation on Recovery. Neither Party shall be entitled to recover under Section 9.11 or 9.12 until the aggregate amount which such Party would recover but for this Section 9.13 exceeds Fifty Thousand Dollars ($50,000), in which event such Party shall be entitled to recover for all damages (including the initial $50,000); provided, however, that the foregoing limitation shall not apply to recovery for mechanics liens or other claims asserted under Section 9.11.1(c9.11.1 (c).

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Limitation on Recovery. Neither Party shall be entitled to recover under Section 9.11 or 9.12 until the aggregate amount which such Party would recover but for this Section 9.13 exceeds Fifty Thousand Dollars ($50,000), in which event such Party shall be entitled to recover for all damages (including the initial $50,000); provided, however, that the foregoing limitation shall not apply to recovery for mechanics liens or other claims asserted under Section 9.11.1(c9.11.1(d).

Appears in 1 contract

Samples: Purchase and Sale Agreement

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