Remedies to Enforce Indemnification Rights. Subject to Sections 5.1(a) and 7.2, the parties may enforce such indemnification rights by any legal or equitable remedies available to them; provided, however, that each party shall be liable to the other party in any such legal or equitable action solely for such party’s actual out-of-pocket/compensatory damages but shall not be liable to such party in any manner for consequential, incidental or punitive damages, or lost profits.
Appears in 3 contracts
Samples: Real Property Purchase and Sale (GLADSTONE LAND Corp), Contribution Agreement (GLADSTONE LAND Corp), Agreement, and Joint Escrow Instructions (GLADSTONE LAND Corp)
Remedies to Enforce Indemnification Rights. Subject to Sections 5.1(a) and 7.2, the parties may enforce such indemnification rights by any legal or equitable remedies available to them; provided, however, that each party shall be liable to the other party in any such legal or equitable action solely for such party’s actual out-of-pocket/compensatory damages but shall not be liable to such party in any manner for consequential, incidental or punitive damages, or lost profits. 5.4.5.
Appears in 1 contract
Samples: Purchase and Sale Agreement
