Punitive and Consequential Damages Sample Clauses
The Punitive and Consequential Damages clause limits or excludes a party’s liability for certain types of damages that may arise from a breach of contract. In practice, this clause typically states that neither party will be responsible for paying damages that are considered punitive (intended to punish) or consequential (indirect losses such as lost profits or business opportunities) resulting from the agreement. Its core function is to protect parties from potentially large and unpredictable financial liabilities that go beyond direct damages, thereby providing greater certainty and risk management in contractual relationships.
Punitive and Consequential Damages. Notwithstanding anything to the contrary contained in this Lease, nothing in this Lease shall impose any obligations on Tenant or Landlord to be responsible or liable for, and each hereby releases the other from all liability for, punitive, exemplary, or consequential damages other than those consequential damages incurred by Landlord in connection with (a) a holdover of the Property by Tenant after the expiration or earlier termination of this Lease, (b) the contamination of the Property or any property resulting from the presence or use of Hazardous Materials caused or permitted by the Tenant Group, or (c) any repair, physical construction or improvement work performed by or on behalf of Tenant at the Property.
Punitive and Consequential Damages. Except with respect to liabilities owed to third-parties not affiliated with either Group, neither party shall be liable to the other, whether in contract, in tort (including negligence and strict liability), or otherwise, for any punitive, indirect, incidental or consequential damages, which in any way arise out of, relate to, or are a consequence of, its performance or nonperformance hereunder, or the provision of or failure to provide any Service or perform any other obligation hereunder, including loss of profits and business interruptions.
Punitive and Consequential Damages. Nothing in this ---------------------------------- Agreement shall be construed to allow FSA to recover punitive or consequential damages from any Company Party or the Depositor, provided however, that this Section shall not limit indemnification of FSA for damages (however characterized) actually recovered from FSA by third parties.
Punitive and Consequential Damages. In no event shall any of BGC Group be liable to any member or members of an Authorized Client’s User Group for any exemplary, aggravated, punitive, incidental, indirect or consequential damages in any way connected with these Terms or any use of or reliance on the Databases. Examples of such damages include, but are not limited to, lost business, business interruption, lost profits, lost revenue, loss of project use, lost data or any other economic losses. This part (b) of section 7 applies even if any of BGC Group were advised of the possibility or likelihood of such losses.
Punitive and Consequential Damages. Notwithstanding anything to the contrary contained in this Lease, nothing in this Lease shall impose any obligations on Tenant or Landlord to be responsible or liable for, and each hereby releases the other from all liability for, punitive, exemplary, or consequential damages, other than those consequential damages incurred by Landlord in connection with (a) the holdover of the Property by Tenant after the expiration or earlier termination of this Lease, (b) Environmental Damages sustained by Landlord resulting from the activities and negligence of the Tenant Group on or about the Property or Project, or (c) any repair, physical construction or improvement work performed by or on behalf of Tenant in the Property (excluding work performed by Landlord or on behalf of Landlord for itself or for Tenant).
Punitive and Consequential Damages. In no event shall either party be liable to the other for Punitive or Consequential Damages.
Punitive and Consequential Damages. Neither any Company Party nor any GMPTS Party shall be entitled to recover from the other under the provisions of this Agreement for any punitive, exemplary, or consequential damages resulting from any breach of this Agreement.
Punitive and Consequential Damages. 61 11.8 Mutual Release........................................... 61 11.9 Survival................................................. 61