Time limit and minimum threshold on Claims. Neither Party (first Party) is liable for, and the other Party must not make any Claim against the first Party under or in connection with this Agreement unless: (a) notice of the Claim has been given to the first Party within 12 Months after the other Party becomes aware of the occurrence of the event or circumstance giving rise to the Claim; and (b) the amount of the Claim exceeds $100,000 in respect of any one event or cause of action or series of related events or causes of action, provided that if this condition is satisfied then the other Party may proceed for the full amount of the Claim and not only the amount in excess of $100,000.
Appears in 8 contracts
Samples: Standard Access Agreement, Standard Access Agreement, Access Agreement
Time limit and minimum threshold on Claims. Neither Party (first Party) is liable for, and the other Party must not make any Claim against the first Party under or in connection with this Agreement unless:
(a) notice of the Claim has been given to the first Party within 12 twelve Months after the other Party becomes aware of the occurrence of the event or circumstance giving rise to the Claim; and
(b) the amount of the Claim exceeds $100,000 in respect of any one event or cause of action or series of related events or causes of action, provided that if this condition is satisfied then the other Party may proceed for the full amount of the Claim and not only the amount in excess of $100,000.
Appears in 4 contracts
Samples: End User Access Agreement, Train Operations Agreement, Access Agreement
Time limit and minimum threshold on Claims. Neither Party (first Party) is liable for, and the other Party must not make any Claim against the first Party under or in connection with this Agreement unless:
(a) notice of the Claim has been given to the first Party within 12 Months after the other Party becomes aware of the occurrence of the event or circumstance giving rise to the Claim; and
(b) the amount of the Claim exceeds $100,000 in respect of any one event or cause of action or series of related events or causes of action, provided that if this condition is satisfied then the other Party may proceed for the full amount of the Claim and not only the amount in excess of $100,000.
Appears in 3 contracts
Samples: Standard Access Agreement, Access Agreement, Access Agreement