Common use of Limits of Parties’ Liability Clause in Contracts

Limits of Parties’ Liability. (a) The Parties will be responsible only for performing the obligations that are specifically set forth in this Agreement (or any FAA). Except for those obligations, a Party (including in the case of the Fund, Board members, alternate Board members, the Executive Director, Staff, Experts and Fund Agent) will have no liability to the other Party, any of its directors, officers, employees, agents or contractors or any other person or entity as a result of this Agreement, any FAA, or the implementation of any Funded Activity, and moreover, will not be liable for lost profits or consequential or punitive damages.

Appears in 13 contracts

Samples: Master Agreement, Master Agreement, Accreditation Master Agreement

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