Property cap Sample Clauses

Property cap. Each party’s liability for damage to tangible personal or real property due to the negligence of that party shall be limited in aggregate to £500,000.
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Property cap. Without prejudice to Clause 16.2 or Clause 16.3, Medartis's liability to the Customer for any diminution in the value of, or for cost of replacing or repairing any tangible property lost, stolen, damaged or destroyed, shall be limited to £100,000 for all causes of action in aggregate occurring within any calendar year.

Related to Property cap

  • Property Condition Seller agrees to maintain the Property in its current condition, subject to ordinary wear and tear, from the time this Agreement comes into effect until the Closing. Buyer recognizes that the Seller, along with any licensed real estate agent(s) involved in this transaction, make no claims as to the validity of any property disclosure information. Buyer is required to perform their own inspections, tests, and investigations to verify any information provided by the Seller. Afterward, the Buyer shall submit copies of all tests and reports to the Seller at no cost.

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