Common use of No Punitive/Exemplary Damages Clause in Contracts

No Punitive/Exemplary Damages. The Lender and each Guarantor hereby agree that no such Person shall have a remedy of punitive or exemplary damages against any other party to a Loan Document and each such Person hereby waives any right or claim to punitive or exemplary damages that it may now have or may arise in the future in connection with any dispute hereunder or under any other Loan Document, whether such dispute is resolved through arbitration or judicially.

Appears in 5 contracts

Samples: Guaranty Agreement (Afp Imaging Corp), Guaranty Agreement (Aftersoft Group), Guaranty Agreement (EVCI Career Colleges Holding Corp)

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No Punitive/Exemplary Damages. The Lender and each Guarantor hereby agree that no such Person shall have a remedy of punitive or exemplary damages against any other party to a Loan Document and each such Person hereby waives any right or claim to punitive or exemplary damages that it they may now have or may arise in the future in connection with any dispute hereunder or under any other Loan Documentdispute, whether such dispute is resolved through arbitration or judicially.

Appears in 1 contract

Samples: Guaranty Agreement (Ucn Inc)

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