Maximum Liability Cap definition

Maximum Liability Cap means an amount equal to [***], which amount shall be increased or decreased by [***] of the amount of the related adjustment to the Contract Price in connection with the exercise of any Scope Options.
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Maximum Liability Cap has the meaning set forth in Section 9.2(b)(iv).
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Maximum Liability Cap. In connection with this Agreement, Advisor is acting as the investment adviser to Seller and shall not have any individual liability hereunder. No shareholder, officer, employee or agent of or consultant to Advisor or of or to Seller shall be held to any personal liability hereunder, and no resort shall be had to their property or assets, or the property or assets of Advisor for the satisfaction of any claims hereunder or in connection with the affairs of Advisor. Furthermore, Seller’s liability under this Agreement is explicitly limited to Seller’s interest in the Property, including any proceeds thereof. Purchaser shall have no recourse against any other property or assets of Seller, if any, any assets of Advisor, or to any of the past, present or future, direct or indirect, shareholders, partners, members, managers, principals, directors, officers, agents, incorporators, affiliates or representatives of Seller or the Advisor (collectively, “Seller Parties”) or of any of the assets or property of any of the Seller Parties for the payment or collection of any amount, judgment, judicial process, arbitral award, fee or cost or for any other obligation or claim arising out of or based upon this Agreement and requiring the payment of money by Seller. Except as otherwise expressly set forth in this Agreement, neither Seller nor any Seller Party shall be subject to levy, lien, execution, attachment or other enforcement procedure for the satisfaction of any of Purchaser’s rights or remedies under or with respect to this Agreement, at law, in equity or otherwise. Purchaser shall not seek enforcement of any judgment, award, right or remedy against any property or asset of Seller or any Seller Parties other than Seller’s interest in the Property or any proceeds thereof. The provisions of this Section shall survive the termination of this Agreement.
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Examples of Maximum Liability Cap in a sentence

  • Notwithstanding anything to the contrary set forth in this Agreement or the Interim Investors Agreement, in the event of any Material Rollover Breach or any Breach (as defined in the Interim Investors Agreement), in no event shall the aggregate liability of the Stockholders hereunder and SPC (as defined in the Interim Investors Agreement), in the aggregate, exceed an amount equal to the Maximum Liability Cap (as defined in the Interim Investors Agreement).

  • But the judge held that a policyholder was free to choose the more advantageous route to a claim: the ‘present or imminent danger’ section of the policy had no such limitation, carrying only one £1000 excess.50 But Zurich/East West successfully argued that the policy’s Maximum Liability Cap (‘MLC’) limited liability to the original purchase price of those flats whose owners were now claimants.

  • The Parties may consider circumstances in which the Government Maximum Liability Cap may increase, by way of example, in the event of any agreed refinancing.

  • GENZYME AND ITS AFFILIATES SHALL HAVE NO LIABILITY FOR ANY CLAIM BY BAYER OR ITS AFFILIATES FOR ANY LOST PROFITS ARISING UNDER THIS AGREEMENT, EXCEPT TO THE EXTENT SPECIFICALLY PERMITTED UNDER THIS SECTION 13.2.3. The recovery for any amounts of lost profits from Genzyme and its Affiliates under this Agreement and any Ancillary Agreements shall be applied against the Maximum Liability Cap.

  • The Seller Parties, shall not be subject to levy, lien, execution, attachment or other enforcement procedure for the satisfaction of any of Buyer’s rights or remedies under or with respect to this Agreement, at law, in equity or otherwise, provided the foregoing shall not limit the rights of Buyer to pursue claims against the Property (and the proceeds from the sale thereof), but only up to the Maximum Liability Cap.

  • IndependenceOur boys leave us as self-disciplined, adaptable leaders who embrace change.

  • On 15 May 2017, a Notice of Contravention was served on the Appellant following a visit by Mr Stanley, HM Inspector of Health and Safety.

  • The Company hereby agrees that (i) the Guarantor shall in no event be required to pay an amount in excess of the Maximum Liability Cap under or in respect of this Limited Guaranty, and (ii) neither the Guarantor nor any Guarantor Affiliate (as hereinafter defined) shall have any obligation or liability to any person relating to, arising out of or in connection with, this Limited Guaranty, other than as expressly set forth herein.

  • Maximum Liability Cap: Our total liability, whether in contract, tort, or otherwise, shall not exceed the total amount paid by You for the Services rendered during the six (6) months preceding the event giving rise to the liability.

  • Notwithstanding anything to the contrary contained in this Limited Guarantee, the liability of each Guarantor hereunder shall be several, not joint and several, based upon its respective Pro Rata Percentage as set forth opposite such Guarantor’s name on Schedule A hereto (“Pro Rata Percentage”), and no Guarantor shall be liable for any amount hereunder in excess of its Pro Rata Percentage of the lesser of (i) the Maximum Liability Cap and (ii) the aggregate amount payable by the Guarantors hereunder.


More Definitions of Maximum Liability Cap

Maximum Liability Cap has the meaning given in clause 29.6;
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Maximum Liability Cap has the meaning specified in Section 10.08(c).
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Maximum Liability Cap means an amount equal to [***], which amount shall be increased by [***] of the amount of the related adjustment to the Contract Price in connection with the exercise of any Scope Options.
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Maximum Liability Cap means an amount equal to the outstanding Obligations.
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Maximum Liability Cap means the maximum liability cap as specified in the Transaction Documents, or if not specified, an amount equal to the product of Contract Price and Firm Quantity of the relevant delivery. NOR: means a notice of readiness sent by (i) the Receiving Vessel’s master or its agent to Seller or (ii) the Bunker Vessel’s master or its agent to Buyer, by email or other mutually agreed means of communication indicating that the relevant vessel is in all respects ready to commence the Bunkering Operation.
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Maximum Liability Cap shall have the meaning given such term in the Gas Supply Contract.
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Related to Maximum Liability Cap

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Aggregate Limit shall have the meaning assigned to such term in Section 1.1 hereof.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.

  • Total Amount means the total amount of the Grant as set out in the Grant Schedule.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Related Liability Amount with respect to any Related Liability on the books of the Assuming Institution, means the amount of such Related Liability as stated on the Accounting Records of the Assuming Institution (as maintained in accordance with generally accepted accounting principles) as of the date as of which the Related Liability Amount is being determined. With respect to a liability that relates to more than one asset, the amount of such Related Liability shall be allocated among such assets for the purpose of determining the Related Liability Amount with respect to any one of such assets. Such allocation shall be made by specific allocation, where determinable, and otherwise shall be pro rata based upon the dollar amount of such assets stated on the Accounting Records of the entity that owns such asset.

  • Maximum Term Loan Amount means Forty Million and No/100 Dollars ($40,000,000).