Claim Limits Sample Clauses
A Claim Limits clause sets a maximum cap on the amount of damages or compensation that one party can claim from the other under a contract. Typically, this clause specifies a monetary ceiling or restricts claims to certain types of losses, such as direct damages, while excluding others like consequential damages. By defining these boundaries, the clause provides predictability and helps both parties manage their financial risk exposure, preventing potentially unlimited liability arising from contractual breaches.
Claim Limits. You agree that no lawsuit or other action may be brought against us on any claim after one (1) year from the date on which the cause of action arose, regardless of the nature of the claim or form of action.
Claim Limits. No party shall be liable for any claim, loss, damage or liability arising from any breach of its or his representations or warranties under this Section 6.0 unless notified of such breach by another party prior to the second anniversary of the Effective Date, except that American List shall be liable for claims, losses, damages or liabilities arising from any breach of a representation or warranty relating to:
(a) performance by ASL in fulfillment of orders placed by Metromail under Section 3.0, or
(b) the ASL College Student at Home Files, if notified of such breach by Metromail prior to the second anniversary of the date of completion of such services or on which ASL delivers (or was required under this Agreement to deliver) the copy of the ASL College Student at Home File to which the breach relates.
Claim Limits. Claims are limited to repair or replacement, or if in BRG Precision Products, Inc.'s discretion that is not possible to reimbursement up to the purchase price paid for the Product. In no event will BRG Precision Products, Inc.'s liability under this Agreement exceed the purchase price paid for the Product.
Claim Limits. Buyer Group and Seller Group shall only be entitled to indemnification under Section 8 to the extent that the total amount of the losses suffered by it as a result of misrepresentation or breach by the other party, exceeds a deductible of $25,000.
Claim Limits. Notwithstanding anything contained herein to the contrary, Damages shall not include any punitive damages that are not paid or payable to a third party by an Indemnified Person and shall not include consequential Damages (including, without limitation, lost profits). The amount of any recovery by an Indemnified Person shall be net of any insurance proceeds recoverable by the Indemnified Person (but not to the extent that such proceeds are repaid by the Indemnified Person through increased insurance premiums) and net of any Tax benefits actually received by the Indemnified Person as part of determining Damages.