Common use of Maximum and Minimum Liability Amounts Clause in Contracts

Maximum and Minimum Liability Amounts. The maximum liability provided for by statute is $350,000 and the minimum liability amount required by the Enforcement Policy is $2,346 (Economic Benefit + 10%). The Enforcement Policy requires that the discretionary administrative civil liability must not exceed the maximum liability amount nor be less than the minimum liability amount. Because the proposed liability is $5,906.25 , and it is greater than the economic benefit, the liability does not need to be adjusted to fall within the maximum and minimum liability amounts.

Maximum and Minimum Liability Amounts. The maximum liability provided for by statute is $350,000 965,000, and the minimum liability amount required by the Enforcement Policy is less than $2,346 5 (Economic Benefit economic benefit + 10%). The Enforcement Policy requires that the discretionary administrative civil liability must not exceed the maximum liability amount nor be less than the minimum liability amount. Because the proposed stipulated liability is $5,906.25 , and it is greater than the economic benefit20,000, the liability does not need to be adjusted to fall within the maximum and minimum liability amounts.

Maximum and Minimum Liability Amounts. The maximum liability provided for by statute is $350,000 4,575,000 and the minimum liability amount required by the Enforcement Policy is $2,346 16,500. (Economic Benefit + 10%). The Enforcement Policy requires that the discretionary administrative civil liability must not exceed the maximum liability amount nor be less than the minimum liability amount. Because the proposed liability is $5,906.25 252,196.88, and it is greater than the economic benefit, the liability does not need to be adjusted to fall within the maximum and minimum liability amounts.