Remedies After Closing. After the Closing Date each party in case of any breach of covenants or representations under this Agreement may proceed to protect and enforce its rights under this Agreement either by suit or by action at law, including, but not limited to, an action for damages as a result of any such breach of the representation or covenant; provided, however, that Corning shall be entitled to claim damages due to a breach of VIA of one or more of the representations set out Section 3 only in accordance with Section 9.2.
Remedies After Closing. Subject to the limitations set forth in Article 8 above, if the Closing has occurred, Buyer shall not be entitled to bring a claim against Seller for any breach of any covenant, representation or warranty, or other obligation or liability contained in this Agreement or any certificate, assignment or other document delivered in connection with this Agreement, unless Buyer establishes that Seller shall have materially breached a representation or warranty contained in Section 8.2 or a covenant that has expressly survived the Closing and has not terminated or expired, in which case Buyer may seek damages by reason thereof in an amount not to exceed One Million Dollars ($1,000,000.00), in the aggregate, but shall not be entitled to consequential or exemplary damages. All other claims of Buyer against Seller (other than post-closing covenants) shall be deemed waived to the extent provided in Section 9.2 above. -27-
Remedies After Closing. (i) If the Closing has occurred, Buyer shall not be entitled to bring a claim against Seller unless Buyer establishes that (x) through actual fraud or misrepresentation by Seller, Seller shall have materially breached a representation or warranty contained in Section 10.1 that has not terminated, or (y) Seller has committed fraud, in which case Buyer may seek damages by reason thereof, but shall not be entitled to consequential or exemplary damages. All other claims of Buyer against Seller shall be deemed waived to the extent provided in Section 5.2 above.
Remedies After Closing. In the event of Developer Default under this Agreement after Closing, District shall be entitled to all the remedies set forth in the Deed, Ground Lease, Construction and Use Covenant, Affordable Housing Covenant, and Development and Completion Guaranty, including, without limitation, the right of District to re- enter and take possession of the Property under the Deed.
Remedies After Closing. In the event of a District Default under this Agreement after Closing, Developer shall be entitled to all the remedies set forth in the Deed, Ground Lease, Construction and Use Covenant, and Affordable Housing Covenant in accordance with applicable District of Columbia law.
Remedies After Closing. Respecting the contractual obligations of the parties that survive Closing, each party shall have all remedies at law or equity on account of a breach of such obligations and all such remedies shall be cumulative.
Remedies After Closing. (i) If the Closing has occurred, Buyer shall not be entitled to bring a claim against Seller unless Buyer establishes that Seller shall have materially breached a representation or warranty contained in Section 6.3 or a material obligation contained in this Agreement that has not terminated or expired; however, in no event shall Buyer be entitled to consequential or exemplary damages and in no event shall Buyer be entitled to seek or recover from Seller damages in an amount in excess of One Hundred Fifty Thousand Dollars (the “Liability Cap”). The preceding to the contrary notwithstanding, the Liability Cap shall not apply to any claim of fraud asserted by Buyer against Seller. All other claims of Buyer against Seller shall be deemed waived to the extent provided in Section 6.2 above.
Remedies After Closing. If the Closing has occurred, Buyer shall not be entitled to bring a claim against Seller unless Buyer establishes that Seller shall have materially breached a representation or warranty contained in this Agreement and the damages suffered by Buyer as a result of such breach exceed Ten Thousand Dollars ($10,000.00) (the “Basket”), in which case Buyer may seek damages by reason thereof (not to exceed One Million Dollars ($1,000,000.00) (the “Cap”)), but shall not be entitled to consequential, punitive or exemplary damages. If Seller’s liability to Buyer shall exceed the Basket, then Seller shall be liable for the entire amount thereof up to but not exceeding the Cap. The preceding to the contrary notwithstanding, in the event Seller commits any fraud or breach of the Fundamental Representations or breach of the representation set forth in Article 7 above, then neither the Basket nor the Cap shall not apply and Buyer shall be permitted to avail itself of any rights or remedies available to it at law or in equity
Remedies After Closing. (i) If the Closing has occurred, Buyer shall not be entitled to bring a claim against Seller unless Buyer establishes that Seller shall have materially breached a representation or warranty contained in Section 10.1 or any other provision of this Agreement that has not terminated, in which case, subject to Section 10.4 above, Buyer may seek its actual damages by reason thereof (not to exceed Two Hundred Thousand Dollars ($200,000.00), but shall not be entitled to consequential, punitive or exemplary damages. All other claims of Buyer against Seller shall be deemed waived to the extent provided in Section 5.2 above.
Remedies After Closing. 23 9.6 BUYER'S REPRESENTATIONS AND WARRANTIES...............................24
