Amount and Time Clause Samples
Amount and Time. 1. This agreement will be in effect for 12 months starting from the date of the last signature of the Parties affixed below. Extending the agreement for another 12 month period will be based on mutual discussion by both parties to happen within the last quarter of the existing agreement.
Amount and Time. Contractor's total liability to Owner on all claims of any kind (excluding death or bodily injury), whether based on contract, indemnity (Subject to Section 15.2), warranty, tort (including negligence), strict liability or otherwise, for all losses or damages arising out of, connected with, or resulting from this Agreement or from the performance or breach thereof, or from any services covered by or furnished during the Term of this Agreement shall not exceed One Million Three Hundred Twenty Thousand Dollars ($1,320,000) for the first Contract Year, and Six Hundred Sixty Thousand Dollars ($660,000) during the remaining Contract Years of the Term of this Agreement. Contractor's total liability is further limited to Two Million Five Hundred Thousand Dollars ($2,500,000) during the Term (including the extension of Term if applicable) of this Agreement. All of Contractor's liability under this Agreement shall cease not later than one (1) year after expiration or earlier termination, of this Agreement. Second Amended and Restated Selkirk O&M Services Agreement CONFIDENTIAL EXECUTION COPY 6/29/00