Common use of Pre-estimate of loss Clause in Contracts

Pre-estimate of loss. The parties agree that the amounts recoverable under this Section 6(e) are a reasonable pre-estimate of loss and not a penalty. Such amounts are payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses.

Pre-estimate of loss. The parties agree that the amounts recoverable under this Section 6(e6(d) are a reasonable pre-estimate of loss and not a penalty. Such amounts are payable for the loss of bargain and the loss of protection against future risks and and, except as otherwise provided in this Agreement Agreement, neither party will be entitled to recover any additional damages as a consequence of such losses.