Limits on Amounts Sample Clauses
The "Limits on Amounts" clause sets a maximum cap on the financial liability or obligations that one or both parties may incur under a contract. Typically, this clause specifies a dollar amount or formula that restricts the total damages, claims, or payments that can be sought, regardless of the actual losses suffered. For example, it may limit a party’s liability to the total fees paid under the agreement or to a fixed sum. The core function of this clause is to allocate risk by providing certainty and predictability regarding potential financial exposure, thereby protecting parties from unlimited or disproportionate liability.
Limits on Amounts. The Principal Stockholders, on the one hand, and the Buyer, on the other hand, shall not be liable under this Article 11 for Damages until such time as the Indemnitee has sustained otherwise indemnifiable Damages under this Agreement totaling Ten Thousand Dollars ($10,000) (the "Indemnity Basket"); provided that any representation or warranty in Article 2 that would be breached but for a qualification by "Material Adverse Effect," "material" or any similar term shall be treated as otherwise indemnifiable Damages for purposes of computing the Indemnity Basket. The Principal Stockholders, on the one hand, and the Buyer, on the other hand, shall not be liable under this Article 11 for Damages which, together with all other indemnifiable Damages under this Agreement, exceed an amount equal to the One Million seven Hundred Two Thousand Dollars ($1,702,000) (the "Indemnity Cap"). Notwithstanding the foregoing, the Indemnity Basket and Indemnity Cap shall not apply to:
(a) claims by the Buyer for indemnification for Damages attributable to a breach of a representation or warranty in Sections 2.1, 2.2, 2.3, 2.4, 2.22, 2.23 or the second sentence of Section 2.7; and
(b) claims by the Principal Stockholders for indemnification for Damages attributable to a misrepresentation or breach of warranty in Section 3.1, 3.2 or 3.4.
Limits on Amounts. 39 13.6 Sole Remedy . . . . . . . . . . . . . . . . . . . . . . . . . .39
Limits on Amounts. The Bank may determine, from time to time, a ceiling for the execution of an isolated transaction through the systems and/or a daily/monthly/ other ceiling for the execution of transactions through the systems decided upon by the Bank (hereinafter referred to as “the Ceilings”), in addition to the limits imposed on their execution pursuant to the terms and conditions as defined herein. The customers undertake to act solely in the framework of the Ceilings as published by the Bank from time to time. If the Bank receives instructions or requests through the systems for the execution of transactions deviating from the Ceilings, the Bank may, but is not obliged to, execute them, and such transactions, if executed, shall bind the customers.
Limits on Amounts. Except to the extent that premiums on life insurance contracts are paid from (1) a participant's after-tax savings contribution account, (2) earnings on contributions held under the plan, (3) in the event that the plan is a profit sharing plan, the amount attributable to employer contributions which have been on deposit in the plan for at least two years, or (4) in the event that the plan is a profit sharing plan, employer contributions with respect to a participant who has participated in the plan for at least 5 years, employer contributions used to pay premiums on life insurance will be subject to the following limitations:
Limits on Amounts. The minimum amount of withdrawal for each loan will be the minimum set forth in the Plan, but in no event will be less than $1000. The maximum amount of withdrawal for each Plan loan will be the maximum amount permitted under Section 72(p) of the Code.
Limits on Amounts. 10.2.1. The Seller shall not be liable for any single Warranty Claim unless the amount of that Warranty Claim exceeds US$10,000, provided that Warranty Claims arising from the same or connected event or circumstances or series of events or circumstances shall be aggregated.
10.2.2. The Seller shall not be liable in respect of any Warranty Claim unless the aggregate amount of all Warranty Claims (disregarding any Warranty Claims to which paragraph 10.2.1 applies) exceeds US$150,000 in which case the whole amount may be claimed by the Purchaser.
10.2.3. Except as otherwise provided in this paragraph10.2 the maximum aggregate liability of the Seller in respect of all Warranty Claims and for all costs and interest shall not exceed an amount equal to US$ 13,000,000.
Limits on Amounts. A Cardholder PIN code or signature is not required on completion of Contactless payments, unless the transaction amount exceeds the applicable threshold, or the number of Contactless transactions without a PIN code has been reached. Dankort Payments in excess of the applicable limits on amounts must be completed by entering a PIN code. Nets may vary these limits without notice. In order to be able to offer Card on file the Company must first have entered into an e- commerce agreement as well as be specially approved to offer a Card on file solution.