Common use of Knowing Release Clause in Contracts

Knowing Release. Lessor and Lessee each acknowledge that these ADR Provisions have served as a material inducement for them to enter into the Lease. To accomplish the purpose of these ADR Provisions, Lessor and Lessee, with respect to any Dispute, waive their respective rights to a jury trial on any claim or cause of action based upon or arising out of such Dispute. In addition, with respect to any Dispute, Lessor and Lessee waive any and all right that either of them may have to recover any type of consequential, incidental, special, punitive or exemplary damages, or treble or other multiple damages provided for by any statute or rule. Nothing contained in this Section C (Knowing Release) precludes the recovery of compensatory damages, attorneys’ fees and costs as provided in the Lease.

Knowing Release. Lessor Seller and Lessee Buyer each acknowledge that these ADR Provisions have served as a material inducement for them to enter into the LeaseAgreement. To accomplish the purpose of these ADR Provisions, Lessor Seller and LesseeBuyer, with respect to any Dispute, waive their respective rights to a jury trial on any claim or cause of action based upon or arising out of such Dispute. In addition, with respect to any Dispute, Lessor Seller and Lessee Buyer waive any and all right that either of them may have to recover any type of consequential, incidental, special, punitive or exemplary damages, or treble or other multiple damages provided for by any statute or rule. Nothing contained in this Section C (Knowing Release) precludes the recovery of compensatory damages, attorneys’ fees and costs as provided in the LeaseAgreement.