MAXIMUM CLAIM Sample Clauses

MAXIMUM CLAIM. Anything in this Article 8 to the contrary notwithstanding, neither TPEG nor the GJM Parties shall have any liability under this Article 8 in respect of any Losses to the extent the aggregate of such Losses under this Article 8 and under the Other Merger Agreements, exceeds, in the aggregate, the sum of One Million ($1,000,000) Dollars.
Sample 1
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MAXIMUM CLAIM. 4.1. The liability of the Vendor in respect of claims brought by the Purchaser for breaches of the Warranties (including any warranties contained in the Ancillary Documents) shall not exceed the sum of $7,000,000 or the Sterling Equivalent.
Sample 1
MAXIMUM CLAIM. 4.1 The aggregate liability of the Warrantor in respect of claims brought by the Purchaser for breaches of any provision of this Agreement or the Deed of Indemnity shall not exceed: (a) in respect of claims the subject of a Claims Certificate delivered to the Warrantor and the Retention Agent prior to the First Payment Date (as defined in Schedule 8) a maximum sum of (pound)3,000,000 ; and (b) in respect of claims the subject of a Claims Certificate delivered to the Warrantor and the Retention Agent prior to 1 January 1999, a maximum sum of (pound)1,500,000 less the amount (if any) for which payment has been made to the Purchaser in respect of the liability of the Warrantor for claims referred to in paragraph (a) above exceeds (pound)1,500,000. In either case including all legal, accountancy and other costs, fees and expenses incurred by the Purchaser and/or the Company in seeking to enforce their respective rights in respect of such breaches and together in each case, with interest earned in the Account. 4.2 The aggregate liability of the Warrantor in respect of claims the subject of a Claims Certificate for breach of Clause 5.1 shall not exceed the sum of (pound)500,000, including all legal, accountancy and other costs, fees and expenses (as referred to in paragraph 4.1 above) and together with interest earned on the relevant amount in the Account. For the avoidance of doubt, this paragraph 4.2 is without prejudice to paragraph 4.1. Any claim to which this paragraph 4.2 applies will also form part of the claims referred to in paragraph 4.1(a) (and so count towards the maximum amount specified in that paragraph). 116
Sample 1
MAXIMUM CLAIM. No liability shall arise in respect of any claim to the extent that the aggregate amount of the liability of the Relevant Sellers for all claims (other than those pursuant to Clause 2.3.1 or 11.4 or in relation to any matter referred to in Clause 8.10) made under this Agreement, the Subsidiary Agreements, the Tax Deed of Covenant, the North American Sale and Purchase Agreement (other than those claims set out in Section 2.3.5(d) thereof) or any other agreement entered pursuant thereto or in connection therewith would exceed (pound)160,000,000 (one hundred and sixty million pounds).
Sample 1
MAXIMUM CLAIM. The proviso at the end of sub-clause (iii)(y) in Section 7.5 of the Contract is hereby modified to reflect that the maximum claim that may be made in the aggregate by Seller and Purchaser for insurance proceeds relating to the Damaged Property (excluding any claim for rental loss or business interruption insurance) is hereby increased from $1,169,598 to $1,307,867.54.
Sample 1

Related to MAXIMUM CLAIM

  • MAXIMUM OBLIGATION A. The Total Maximum Obligation of County for services provided in accordance with this Contract, and the separate Maximum Obligations for each period under this Contract, are as specified in the Referenced Contract Provisions of this Contract, except as allowed for in Subparagraph B. below. B. Administrator may amend the Maximum Obligation by an amount not to exceed ten percent (10%) of Period One funding for this Contract.

  • Maximum Payment The maximum period or aggregate of periods of accident make-up pay to be made by an Employer will be a total of 39 weeks for any one injury.

  • Guaranteed Maximum Costs The City’s payment obligation to Contractor cannot at any time exceed the amount certified by City’s Controller for the purpose and period stated in such certification. Absent an authorized Emergency per the City Charter or applicable Code, no City representative is authorized to offer or promise, nor is the City required to honor, any offered or promised payments to Contractor under this Agreement in excess of the certified maximum amount without the Controller having first certified the additional promised amount and the Parties having modified this Agreement as provided in Section 11.5, “Modification of this Agreement.”

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Maximum Interest Regardless of any provision contained in any of the Loan Documents, in no contingency or event whatsoever shall the aggregate of all amounts that are contracted for, charged or received by Agent or any Lender pursuant to the terms of this Agreement or any of the other Loan Documents and that are deemed interest under Applicable Law exceed the highest rate permissible under any Applicable Law (the “Maximum Rate”). No agreements, conditions, provisions or stipulations contained in this Agreement or any of the other Loan Documents or the exercise by Agent of the right to accelerate the payment or the maturity of all or any portion of the Obligations, or the exercise of any option whatsoever contained in any of the Loan Documents, or the prepayment by any Obligor of any of the Obligations, or the occurrence of any contingency whatsoever, shall entitle Agent or Lenders to charge or receive in any event, interest or any charges, amounts, premiums or fees deemed interest by Applicable Law (such interest, charges, amounts, premiums and fees referred to herein collectively as “Interest”) in excess of the Maximum Rate and in no event shall any Obligor be obligated to pay Interest exceeding such Maximum Rate, and all agreements, conditions or stipulations, if any, which may in any event or contingency whatsoever operate to bind, obligate or compel any Obligor to pay Interest exceeding the Maximum Rate shall be without binding force or effect, at law or in equity, to the extent only of the excess of Interest over such Maximum Rate. If any Interest is charged or received with respect to the Obligations in excess of the Maximum Rate (“Excess”), each Obligor stipulates that any such charge or receipt shall be the result of an accident and bona fide error, and such Excess, to the extent received, shall be applied first to reduce the principal Obligations and the balance, if any, returned to the Obligors, it being the intent of the parties hereto not to enter into an usurious or otherwise illegal relationship. The right to accelerate the maturity of any of the Obligations does not include the right to accelerate any Interest that has not otherwise accrued on the date of such acceleration, and neither Agent nor any Lender intends to collect any unearned Interest in the event of any such acceleration. Each Obligor recognizes that, with fluctuations in the rates of interest set forth in this Agreement, and the Maximum Rate, such an unintentional result could inadvertently occur. All monies paid to Agent or any Lender hereunder or under any of the other Loan Documents, whether at maturity or by prepayment, shall be subject to any rebate of unearned Interest as and to the extent required by Applicable Law. By the execution of this Agreement, each Obligor covenants that (i) the credit or return of any Excess shall constitute the acceptance by each Obligor of such Excess, and (ii) each Obligor shall not seek or pursue any other remedy, legal or equitable, against Agent or any Lender, based in whole or in part upon contracting for, charging or receiving any Interest in excess of the Maximum Rate. For the purpose of determining whether or not any Excess has been contracted for, charged or received by Agent or any Lender, all Interest at any time contracted for, charged or received from any Obligor in connection with any of the Loan Documents shall, to the extent permitted by Applicable Law, be amortized, prorated, allocated and spread in equal parts throughout the full term of the Obligations. Obligors, Agent and Lenders shall, to the maximum extent permitted under Applicable Law, (i) characterize any non-principal payment as an expense, fee or premium rather than as Interest and (ii) exclude voluntary prepayments and the effects thereof. The provisions of this Section 3.10 shall be deemed to be incorporated into every Loan Document (whether or not any provision of this Section is referred to therein). All such Loan Documents and communications relating to any Interest owed by any Obligor and all figures set forth therein shall, for the sole purpose of computing the extent of Obligations, be automatically recomputed by the Obligors, and by any court considering the same, to give effect to the adjustments or credits required by this Section 3.10.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Losses in Excess of the Stated Threshold In the event that the sum of the Cumulative Loss Amount under this Single Family Shared-Loss Agreement and the Stated Loss Amount under the Commercial Shared-Loss Agreement meets or exceeds the Stated Threshold, the loss/recovery sharing percentages set forth herein shall change from 80/20 to 95/5 and thereafter the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to ninety-five percent (95%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate. If the Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Bank shall pay to the Receiver in immediately available funds ninety-five percent (95%) of that amount.

  • Maximum Compensatory Time Employees may accumulate no more than one hundred and sixty (160) hours of compensatory time.

  • Maximum Drawing Amount The maximum aggregate amount that the beneficiaries may at any time draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.

  • Maximum Payments Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Borrower to the Holder and thus refunded to the Borrower.

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