Damage Cap definition

Damage Cap shall have the meaning set forth in Section 10.4.
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Damage Cap shall have the meaning set forth in Section 12.4. “Day” means a calendar day.
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Damage Cap. As defined in Section 17.5.2 hereof. "Declaration" - means that certain Amended Declaration of Condominium for The Xxxx/Lodge dated as of July 25, 1978, together with all amendments thereto, as further described on Exhibit B attached hereto.
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Examples of Damage Cap in a sentence

  • If at any time following COD, Company incurs damages in excess of the Damage Cap that Seller does not pay when billed by Company, Company shall have the right to terminate this PPA upon notice to Seller, without further obligation by either Party except as to costs and balances incurred prior to the effective date of such termination.

  • In connection with any such termination, Company may collect from Seller (subject to the Damage Cap) all Actual Damages arising from such Event of Default through the Scheduled Termination Date.

  • Damages under this Section will be subject to the limitation of liability in this Agreement but not the Damage Cap.

  • Damages under this Section will be subject to the limitation of liability in these Terms and Conditions but not the Damage Cap.

  • Seller shall replenish the Security Fund to the applicable levels set forth in Section 11.1(B) within fifteen (15) Business Days after Company makes a draw on the Security Fund; provided, following COD such replenishment shall not exceed the amount remaining under the Damage Cap (as provided in Section 12.4(A)).

  • Once VITA has effected a purchase from an alternate source, the parties agree that Authorized Users may charge-back Supplier, in which case Supplier agrees to reimburse Authorized Users, subject to the Damage Cap defined below, for any difference in cost between the original Contract price and cost to Authorized Users to cover from the alternate source, as measured over a 12 month period.

  • Within 15 Days following each draw by Company on the Security Fund in respect of damages described in Section 12.4(B), Seller shall replenish the Security Fund by an amount equal to such draw Within 15 Days following any other draw by Company on the Security Fund, Seller shall replenish the Security Fund by the amount of such draw, provided that the aggregate amount of replenishments under this Section 11.2(B) shall not exceed the Damage Cap.

  • Seller shall replenish the Security Fund to the applicable levels set forth in Section 11.1(B) within 15 Business Days after Company makes a draw on the Security Fund; provided, following COD such replenishment shall not exceed the amount remaining under the Damage Cap (as provided in Section 12.4(A)).

  • Within 15 Days following any other draw by Company on the Security Fund, Seller shall replenish the Security Fund by the amount of such draw, provided that the aggregate amount of replenishments under this Section 11.2(B) shall not exceed the Damage Cap.

  • Supplier shall be responsible for and shall reimburse Purchaser within 30 days following issuance of Purchaser’s invoice for all other direct, consequential, and incidental damages incurred by Purchaser as a result of Supplier’s failure to meet the delivery dates or timesup to the Damage Cap, other than by reason of an excusable delay, including the cost of any line shutdown and the cost of obtaining goods from an alternate source.


More Definitions of Damage Cap

Damage Cap. As defined in Section 17.5.2 hereof. “Declaration” - means that certain Amended Declaration of Condominium for The Mxxx/Lodge dated as of July 25, 1978, together with all amendments thereto, as further described on Exhibit B attached hereto.
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Damage Cap means the amount calculated by reference to Section 6.02(1)(c) of the Purchase Agreement.
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Damage Cap has the meaning set forth in Section 7.3(c)(ii).
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Related to Damage Cap

  • 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.

  • Damage to Property means physical injury to or destruction of tangible property, including the loss of its use. Tangible property includes the cost of recreating or replacing stocks, bonds, deeds, mortgages, bank deposits and similar instruments, but does not include the value represented by such instruments.

  • Damage waiver means a rental company’s agreement not

  • Damage Payment means the dollar amount equal to the amount to be posted as Project Development Security pursuant to Section 8.4(a)(i) hereof.

  • Major Damage means damage that in the estimation of the surveyor exceeds USD

  • Electrical Losses means all applicable losses, including the following: (a) any transmission or transformation losses between the CAISO revenue meter(s) and the Delivery Point; and

  • Covered Losses means any and all losses, assessments, fines, penalties, administrative orders, obligations, judgments, amounts paid in settlement, costs, expenses, liabilities and damages (whether actual, consequential or punitive), including interest, penalties, reasonable court costs and attorney’s fees, disbursements and costs of investigations, deficiencies, levies, duties and imposts.

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Aggregate Cap has the meaning set forth in Section 20.1A.

  • Casualty Amount means five hundred thousand Dollars (USD500,000) (or the equivalent in any other currency);

  • Cumulative Loss Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

  • Loss Percentage means on any day the greater of (i) one and one-half (1.5) times the Loss Horizon as of such day and (ii) 20%.

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income,

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

  • Accidental Damage means physical damage, breakage or failure of Your Covered Equipment due to an unforeseen and unintentional event occurring either due to handling (e.g., dropping the Covered Equipment or through liquid contact) or due to an external event (e.g., extreme environmental or atmospheric conditions). The damage must affect the functionality of Your Covered Equipment, which includes cracks to the display screen that affect the visibility of the display.

  • Buyer Losses shall have the meaning set forth in Section 8.2.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Purchaser Indemnitees has the meaning set forth in Section 7.02.

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.