Common use of LIMITATIONS OF LIABILITY AND CONSEQUENTIAL DAMAGES Clause in Contracts

LIMITATIONS OF LIABILITY AND CONSEQUENTIAL DAMAGES. In no event, whether based on contract indemnity, warranty, tort (including negligence), strict liability or otherwise, shall Licensor or Licensee or their subcontractors or suppliers, or any of their respective directors, officers, employees or agents, be liable for (i) special, exemplary, or punitive damages; or (ii) any losses or damages arising out of, connected with, or resulting from (A) the performance of any third party not hired by Licensor or Licensee, (B) an software, hardware or other product or component provided by any third party, or (C) the reliance by Licensor or Licensee on any statement or representation made by Licensee or Licensor on any statement or representation made by Licensee of Licensor regarding a third party vendor.