Liability Waived Sample Clauses
A Liability Waived clause serves to release one or more parties from legal responsibility for certain types of damages, losses, or claims that may arise under the agreement. In practice, this clause typically specifies the scope of the waiver, such as excluding liability for indirect or consequential damages, or for events beyond a party’s reasonable control. Its core function is to limit exposure to lawsuits or financial claims, thereby allocating risk and providing clarity about which party bears responsibility in specific situations.
Liability Waived. Notwithstanding any other provision of the Contract Documents and except as set forth in Section 21.6.2, in no event shall either TxDOT or a Developer-Related Entity be liable to the other party for any “consequential damages”, whether arising out of breach of this Agreement, negligence, tort or any other theory of liability, and each party waives all rights and claims thereto. The term “consequential damages” shall mean those special, indirect or incidental damages of TxDOT or Developer which flow naturally and inevitably from a breach, such as revenue losses, loss of use, cost of capital, debt service, loss of anticipatory or unearned profits, loss of profit on related contracts, loss of business opportunity, loss of reputation, claims of taxpayers and other indirect damage within the contemplation of the parties at the time of execution of this Agreement.
Liability Waived. Neither the holders of shares in the Funds nor the Directors of the Fund shall be personally liable hereunder.
Liability Waived. Notwithstanding any other provision of the Contract Documents and except as set forth in Section 21.6.2, in no event shall either TxDOT or
Liability Waived. Neither the holders of shares in the Funds nor the Trustees of the Trust shall be personally liable hereunder