Pre-Estimate. The Parties agree that an amount recoverable under Clause 10.2 (Payments on Early Termination) above is a reasonable pre-estimate of loss and not a penalty. Such amounts are payable for loss of bargain and loss of protection against future risks. Neither Party will be entitled to any additional damages in respect of any Terminated Transactions, except as otherwise expressly provided in the Agreement.
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Samples: Client Agreement for Foreign Exchange and Bullion Trading, Client Agreement for Foreign Exchange and Bullion Trading, Client Agreement for Foreign Exchange and Bullion Trading
Pre-Estimate. The Parties agree that an amount recoverable under Clause 10.2 (Payments on Early Termination) above is a reasonable pre-estimate of loss and not a penalty. Such amounts are payable for loss of bargain and loss of protection against future risks. Neither Party will be entitled to any additional damages in respect of any Terminated FX Transactions, except as otherwise expressly provided in the Agreement.
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