Monetary Limitation of liability Sample Clauses
Monetary Limitation of liability. 14.3.1 A Party ("Indemnifying Party") shall be liable to indemnify the other Party ("Indemnified Party") under this Article 14 for any indemnity claims made in a Contract Year only up to an amount of Rs.
Monetary Limitation of liability. 14.3.1 A Party ("Indemnifying Party") shall be liable to indemnify the other Party ("Indemnified Party") under this Article 14 for any indemnity claims made in a Contract Year only up to an amount of Rs. 1,77,00,000/- (Rupees One Crore and Seventy Seven Lakh Only). With respect to each Long Term Transmission Customer, the above limit of Rs. 1,77,00,000/- (Rupees One Crore and Seventy Seven Lakh Only) shall be divided in the ratio of their Allocated Project Capacity, as existing on the date of the indemnity claim.
Monetary Limitation of liability. (a) An Indemnified Party shall not be entitled to require payment of any amount by the Indemnifying Party on the indemnities contained in Sections 8.2(a) or 8.3(a), as applicable (other than Fundamental Representations), until the aggregate of all such amounts for which the Indemnified Party would otherwise be entitled to require payment under such Sections exceeds $200,000 (the “Threshold Amount”). Once the Threshold Amount has been exceeded, the Indemnified Party shall be entitled to require payment on such indemnities from the first dollar of Losses that exceeds the Threshold Amount.
(b) An Indemnified Party shall not be entitled to require payment of amounts by the Indemnifying Party on the indemnities contained in Sections 8.2(a) or 8.3(a), as applicable (other than Fundamental Representations), or Section 8.2(g), in excess of $3,137,500 in the aggregate for all such indemnities, and further provided that the aggregate liability of a Seller for all such Claims will not exceed this Seller’s Pro Rata Portion of $3,137,500.
(c) Notwithstanding any other provision of this Agreement, the limitations in Sections 8.5(a) and 8.5(b) shall not apply in the case of indemnity claims based on Fundamental Representations. An Indemnified Party shall not be entitled to require payment of amounts by the Indemnifying Party on the indemnities contained in Sections 8.2(a) or 8.3(a), as applicable, based on any Fundamental Representations, in excess of the Purchase Price in the aggregate for all such indemnities, and further provided that the aggregate liability of a Seller for all such Claims will not exceed this Seller’s Pro Rata Portion of the Purchase Price.
(d) A Purchaser Indemnified Party shall not be entitled to require payment of amounts by the Sellers on the indemnities contained in Sections 8.2(b) in excess of the Purchase Price in the aggregate for all such indemnities.
(e) A Purchaser Indemnified Party shall not be entitled to require payment of amounts by the Sellers on the indemnities contained in Sections 8.2(c), 8.2(d), 8.2(e) or 8.2(f) in excess of the Purchase Price in the aggregate for all such indemnities and further provided the aggregate liability of a Seller for all such Claims will not exceed this Seller’s Pro Rata Portion of the Purchase Price.
(f) Notwithstanding any other provision of this Agreement, the limitations set forth in this Section 8.5 shall not apply to a Claim involving fraud or wilful breach of this Agreement on the part of the par...
Monetary Limitation of liability. (a) In no event shall the aggregate liability of any Seller for all Losses subject to indemnification pursuant to Section 10.1(b) exceed of the Purchase Price received by such Seller based on such Seller’s Allocable Portion and in no event shall the aggregate liability of any Seller for all Losses subject to indemnification pursuant to Section 10.1 exceed the Purchase Price received by such Seller based on such Seller’s Allocable Portion.
(b) In no event shall the aggregate liability of the Purchaser for all Losses subject to indemnification pursuant to Section 10.2(b) exceed of the Purchase Price and in no event shall the aggregate liability of the Purchaser for all Losses subject to indemnification pursuant to Section 10.2 exceed the Purchase Price.
Monetary Limitation of liability. EXCEPT AS TO “ASSUMPTION OF LIABILITY AND INDEMNIFICATION” IN SECTION 9 BELOW, THE MAXIMUM LIABILITY OF EITHER PARTY TO THE OTHER PARTY FOR CLAIMS ARISING FROM OR RELATING TO THIS AGREEMENT SHALL BE THE GREATER OF THE MONETARY AMOUNT RECEIVED BY BROAD FROM DATA PROVIDER UNDER THIS AGREEMENT, IF ANY, OR THE TOTAL SUM OF ONE THOUSAND U.S. DOLLARS ($1000). THE FOREGOING LIMITATIONS APPLY REGARDLESS OF WHETHER THE CLAIM IS BROUGHT UNDER CONTRACT, TORT, WARRANTY OR OTHERWISE.
Monetary Limitation of liability. 14.3.1 A Party ("Indemnifying Party") shall be liable to indemnify the other Party ("Indemnified Party") under this Article 14 for any indemnity claims made in a Contract Year only up to an amount of Rupees …………….. Crores (Rs. ) [BPC to insert value]. With respect to each Long Term Transmission Customer, the above limit of Rupees …………………. Crores (Rs. ………………) [BPC to insert value] shall be divided in the ratio of their Allocated Project Capacity, as existing on the date of the indemnity claim.
Monetary Limitation of liability. (i) A claim for indemnity for Damages under Sections 14.B. and 14.C. hereof, as the case may be, shall be effective only after the aggregate amount of all Damages suffered by Buyer Group or Seller Group, as the case may be, exceeds Twenty Five Thousand Dollars ($25,000.00) and then only to the extent of such excess;
(ii) The aggregate liability for each of Buyer and Seller for claims by the Buyer Group or the Seller Group, or any member thereof, as the case may be, for indemnity for Damages pursuant to Sections 14.B. and 14.C. hereof, as the case may be, is limited to the Purchase Price.