Common use of Limitation on Obligations Clause in Contracts

Limitation on Obligations. Except as provided in Section 6 above, the Corporation’s obligation with respect to the Units is limited solely to the delivery to Recipient of shares of Common Stock upon settlement, and in no way shall the Corporation become obligated to pay cash or other assets in respect of such obligation. In addition, the Corporation shall not be liable to Recipient for damages relating to any delay in issuing the shares or share certificates or any loss of the certificates.

Appears in 9 contracts

Samples: Restricted Stock Unit Award Agreement (Compuware Corp), Restricted Stock Unit Award Agreement (Compuware Corp), Performance Unit Award Agreement (Compuware Corp)

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Limitation on Obligations. Except as provided in Section 6 5 above, the Corporation’s obligation with respect to the Units is limited solely to the delivery to the Recipient of shares of Common Stock upon settlement, and in no way shall the Corporation become obligated to pay cash or other assets in respect of such obligation. In addition, the Corporation shall not be liable to the Recipient for damages relating to any delay in issuing the shares or share certificates or any loss of the certificates.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Compuware Corp), Restricted Stock Unit Award Agreement (Compuware Corp), Restricted Stock Unit Award Agreement (Covisint Corp)

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Limitation on Obligations. Except as provided in Section 6 7 above, the Corporation’s obligation with respect to the Units is limited solely to the delivery to Recipient of shares of Common Stock upon settlement, and in no way shall the Corporation become obligated to pay cash or other assets in respect of such obligation. In addition, the Corporation shall not be liable to Recipient for damages relating to any delay in issuing the shares or share certificates or any loss of the certificates.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Covisint Corp)

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