Amount Limited Clause Samples
The "Amount Limited" clause sets a maximum cap on the financial liability or obligation that one party may incur under a contract. In practice, this means that regardless of the total damages or losses that might arise, the responsible party will only be required to pay up to the specified limit, such as a fixed dollar amount or a percentage of the contract value. This clause is essential for managing risk, as it provides certainty and predictability regarding potential financial exposure for both parties.
Amount Limited. 26 SECTION 3.02. Denominations..................................................26 SECTION 3.03. Execution, Authentication, Delivery and Dating.................26 SECTION 3.04. Registration, Registration of Transfer and Exchange............27 SECTION 3.05. Book-entry Provisions for Global Securities....................28 SECTION 3.06.
Amount Limited. The leave of absence with pay for witness duty is limited to twenty-four (24) hours in any calendar year.
Amount Limited. Subject to Section -------------- 2.8, the aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is limited to $1,000,000 plus interest accreting thereon from the Issue Date as provided herein at a rate of 8.0% per annum, compounded annually. The Securities are general unsecured obligations of the Company and shall rank equally and pari passu with all other unsecured and unsubordinated debt of the Company.
Amount Limited. The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is limited to $500,000,000.