Common use of Limitations of Liability, Remedies and Damages Clause in Contracts

Limitations of Liability, Remedies and Damages. (a) Each Party acknowledges and agrees that in no event shall any partner, shareholder, owner, officer, director, employee, or affiliate of either Party be personally liable to the other Party for any payments, obligations, or performance due under this Agreement or any breach or failure of performance of either Party and the sole

Appears in 2 contracts

Samples: Sale Agreement (USA Synthetic Fuel Corp), Sale Agreement (USA Synthetic Fuel Corp)

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Limitations of Liability, Remedies and Damages. (a) Each Party acknowledges and agrees that in no event shall any partner, shareholder, owner, officer, director, employee, or affiliate Affiliate of either Party be personally liable to the other Party for any payments, obligations, or performance due under this Agreement or any breach or failure of performance of either Party and the solesole recourse for payment or performance of the obligations under this Agreement shall be against Seller or Purchaser and each of their respective assets and not against any other Person, except for such liability as expressly assumed by an assignee pursuant to an assignment of this Agreement in accordance with the terms hereof.

Appears in 1 contract

Samples: Power Purchase Agreement (Dynegy Inc /Il/)

Limitations of Liability, Remedies and Damages. (a) 9.5.1 Each Party acknowledges and agrees that in no event shall any partner, shareholder, member, manager, owner, officer, director, employee, employee or affiliate Affiliate of either Party be personally liable to the other Party for any payments, obligations, or performance due under this Agreement or any breach or failure of performance of either Party and the solesole recourse for payment or performance of the obligations under this Agreement shall be against Seller or NorthWestern and each of their respective assets and not against any other entity, except for such liability as expressly assumed by an assignee pursuant to an assignment of this Agreement in accordance with the terms hereof.

Appears in 1 contract

Samples: Large Generator Interconnection Agreement

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Limitations of Liability, Remedies and Damages. (a) Each Party acknowledges and agrees that in no event shall any partner, shareholder, owner, officer, director, employee, or affiliate of either Party be personally liable to the other Party for any payments, obligations, or performance due under this Agreement or any breach or failure of performance of either Party and the soleParty.

Appears in 1 contract

Samples: Sale Agreement (USA Synthetic Fuel Corp)

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