Nature and Extent Clause Samples

The "Nature and Extent" clause defines the scope and boundaries of the obligations, rights, or services provided under an agreement. It typically clarifies what is included or excluded, specifying the limits of responsibility or coverage, such as the types of services rendered or the geographic area affected. By clearly outlining these parameters, the clause helps prevent misunderstandings and disputes by ensuring all parties have a shared understanding of what is and is not covered by the contract.
Nature and Extent of Each Borrower’s Liability.
Nature and Extent. OF EACH BORROWER'S LIABILITY.
Nature and Extent of Each Borrower’s Liability. 52 2.16 Cash Collateral. 55 3.01 Taxes. 56 3.02 Illegality 59 3.03 Inability to Determine Rates; Effect of Benchmark Transition Event 59 3.04 Increased Costs. 60