General Limitation on Liability Clause Samples

A general limitation on liability clause sets a maximum cap on the amount of damages one party can be held responsible for under a contract. Typically, this clause limits liability to a specific dollar amount, the value of the contract, or excludes certain types of damages such as indirect or consequential losses. By establishing these boundaries, the clause provides predictability and protects parties from excessive financial exposure, ensuring that risk is allocated fairly and disputes over damages are minimized.
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General Limitation on Liability. The Custodian shall have no liability for any indirect, consequential, special or speculative losses, damages, or expenses incurred by a Fund or Series even if Custodian has been advised of the possibility of same and regardless of the form of action. The Custodian shall not be liable for any loss that results from (i) the general risk of investing or (ii) the risk of investing or holding assets in a particular country. The Custodian shall not be liable for the insolvency of a Securities System or Eligible Securities Depository, nor shall the Custodian be liable for the insolvency of any Subcustodian that is not a branch or Affiliate of the Custodian unless the Custodian was negligent in the appointment of such Subcustodian. The Custodian also shall not be liable for any loss, damage, cost, expense, liability or claim resulting from, or caused by, force majeure, including but not limited to, nationalization, expropriation, or other governmental actions such as currency restrictions or devaluations, strikes or work stoppages (except with respect to employees of the Custodian or a branch or affiliate of the Custodian), insurrection, revolution, acts of war or terrorism, or acts of God.
General Limitation on Liability. In no event shall the Bank be liable for special, indirect, punitive, incidental, or consequential loss or damage of any kind, including lost profits, whether or not the Bank has advised you of the possibility of such loss or damage arising or related to your use of Online Banking. In states which do not allow the exclusion or limitation, our liability is limited to the extent permitted by applicable law.
General Limitation on Liability. The Custodian shall have no liability for any indirect, incidental, consequential, punitive, special or speculative losses, damages, or expenses incurred by a Fund or Series even if Custodian has been advised of the possibility of same and regardless of the form of action. The Custodian shall not be liable for any loss that results from (i) the general risk of investing or (ii) the risk of investing or holding assets in a particular country, including, but not limited to, the country’s political environment, economic and financial infrastructure (including any Eligible Securities Depository operating in the country); prevailing or developing custody, tax and settlement practices; nationalization, expropriation or other government actions; currency restrictions, devaluations or fluctuations; market conditions affecting the orderly execution of securities transactions or the value of assets; the regulation of the banking and securities industries, including changes in market rules; and laws and regulations applicable to the safekeeping and recovery of foreign assets held in custody in that country. The Custodian shall not be liable for the insolvency of a Securities System or Eligible Securities Depository, nor shall the Custodian be liable for the insolvency of any Subcustodian that is not a branch or Affiliate of the Custodian unless the Custodian was negligent in the appointment of such Subcustodian. The Custodian also shall not be liable for any loss, damage, cost, expense, liability or claim resulting from, or caused by (i) acts, events or circumstances beyond the reasonable control of the Custodian, including, but not limited to, the interruption, suspension or restriction of trading on or the closure of any securities market or system, power or other mechanical or technological failures or interruptions, computer viruses or communications disruptions, work stoppages, natural disasters, acts of war, revolution, riots or terrorism or other similar force majeure events or acts; (ii) errors by the Fund, its investment adviser or any other duly authorized person in their Proper Instructions to the Custodian; (iii) the insolvency of or acts or omissions by a Securities System, Underlying Transfer Agent or Subcustodian selected by the Fund; (iv) the failure of a Fund, its investment adviser or any duly authorized person to adhere to the Custodian’s operational policies and procedures made known to the Fund or its investment adviser (by Client Publication or ...
General Limitation on Liability. (a) Except as expressly stated in this Agreement, neither the CDSP nor the Customer shall be liable to the other under this Agreement for any: (i) loss of profits; (ii) loss of business; (iii) loss of revenue; (iv) loss of goodwill; (v) loss of anticipated savings; and / or (vi) indirect, special or consequential loss or damage. (b) Clause 10.2(a) shall not exclude or limit the CDSP's or the Customer's right under this Agreement to claim for any of the following under an indemnity expressly given by the Customer or the CDSP (as appropriate) or, in the case of the CDSP, which results from a Default or other act or omission by the Customer: (i) any loss or damage to tangible property; (ii) any loss or damage caused by infringement of any third party IPR or breach of any obligations of confidence; or (iii) any loss or damage to software, applications or data.
General Limitation on Liability. Limited Partners shall not be bound by, or be personally liable for, the expenses, liabilities or obligations of the Partnership in excess of their contributions, and no Limited Partner shall be required to lend funds to the Partnership, to make any further contribution of capital to the Partnership or to repay to the Partnership, any partner, or any creditor of the Partnership all or any portion of any negative amount of such Limited Partner's capital account.
General Limitation on Liability. The Supplier will not be liable for any indirect or consequential loss, or for any loss of revenue, profits, goodwill, business or anticipated business, anticipated savings or for any business interruption, or loss of data, regardless of whether or not that loss was, or ought to have been, contemplated by the Supplier.
General Limitation on Liability. Neither the Company nor its Agent(s) shall have any duty or liability with respect to electric energy before it is delivered by EGS to the point of delivery on the Company's distribution system. After its receipt of electric energy and capacity at the point of delivery, the Company shall have the same duty and liability for distribution service to Customers receiving Competitive Energy Supply as to those receiving electric energy and capacity from the Company.
General Limitation on Liability. The recitals of facts herein and in the Bonds contained shall be taken as statements of the Issuer, and the Trustee shall assume no responsibility for the correctness of the same, or make any representations as to the validity or sufficiency of this Bond Indenture or of the Bonds, or shall incur any responsibility in respect thereof, other than in connection with the duties or obligations herein or in the Bonds assigned to or imposed upon it except for any recital or representation specifically relating to the Trustee or its powers. The Trustee shall, however, be responsible for its representations contained in its Certificate of Authentication on the Bonds. The Trustee shall not be liable in connection with the performance of its duties hereunder, except for its own negligence or willful misconduct. The Trustee may become the owner of Bonds with the same rights it would have if it were not Trustee and, to the extent permitted by law, may act as depositary for and permit any of their officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Bondholders, whether or not such committee shall represent the Holders of a majority in principal amount of the Bonds then Outstanding.
General Limitation on Liability. (a) UNDER NO CIRCUMSTANCES WILL ANY PARTY BE LIABLE TO ANOTHER PARTY FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR EXEMPLARY DAMAGES (EVEN IF THAT PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES) ARISING FROM BREACH OF THIS AGREEMENT, SUCH AS, BUT NOT LIMITED TO, LOSS OF REVENUE OR ANTICIPATED PROFITS OR LOST BUSINESS. (b) NO PARTY WILL BE LIABLE TO THE ANOTHER PARTY FOR MORE THAN $200,000 IN DAMAGES PURSUANT TO THIS AGREEMENT. (c) NOTWITHSTANDING SECTION 6.3(a) AND (b) OF THIS AGREEMENT, THERE WILL BE NO LIMITATION OF LIABILITY FOR ANY PARTY WITH RESPECT TO ANY DAMAGES ARISING AT ANY TIME IF THE DAMAGES ARISE FROM THE INFRINGEMENT OF ANY INTELLECTUAL PROPERTY RIGHTS BELONGING TO A THIRD PARTY.
General Limitation on Liability. Nothing contained in the Loan Documents, the Affiliate Guaranty (Portfolio Borrowers) or the Third Mortgages shall be deemed to impair, limit or prejudice Administrative Agent’s and/or Lender’s rights (i) in foreclosure proceedings or in any ancillary proceedings brought to facilitate Administrative Agent’s foreclosure on the Property or any portion thereof or to exercise any specific rights or remedies afforded to Administrative Agent and/or Lender under any other provisions of the Loan Documents, the Affiliate Guaranty (Portfolio Borrowers) or the Third Mortgages or by law, in equity or otherwise, subject to the non-recourse provisions set forth in Section 12.2 and Section 12.3, (ii) to recover under any guaranty given in connection with the Secured Obligations, the Second Mortgage Secured Obligations and the Third Mortgage Secured Obligations, or (iii) to pursue any personal liability of Borrowers and/or Guarantor under the Guaranty Agreement, the Environmental Indemnity Agreement or the ERISA indemnity provisions of Section 7.2.6. Except as expressly set forth in this Article 12, the recourse of Administrative Agent and/or Lender with respect to the obligations evidenced by this Agreement and the other Loan Documents (except for the Guaranty Agreement and the Environmental Indemnity Agreement) shall be solely to the Property, Chattels, Intangible 153251886 Loan Agreement (NY Loan) - GTJ Portfolio Refinancing - AIG Personalty, the other Collateral and the Pledge Collateral. For the avoidance of doubt, the matters set forth in Section 12.2 and Section 12.3 shall be fully recourse to Borrowers and Guarantor. For the avoidance of doubt, Administrative Agent acknowledges and agrees that all Loan Documents, including the Environmental Indemnity Agreement, are entered into by limited liability companies as Borrowers, and a corporation, as Guarantor, and Administrative Agent agrees that no member (other than Guarantor as a holder of indirect membership interests in each Borrower), or individual officer, partner, director, trustee, asset manager, employee, member, agent or other representative of Borrowers and Guarantor shall have any personal liability under the Loan Documents and the Environmental Indemnity Agreement in connection with the transaction contemplated by this Agreement.