Maximum Cap Amount Sample Clauses
The Maximum Cap Amount clause sets a limit on the total financial liability that one party may incur under a contract. In practice, this means that regardless of the number or value of claims made, the responsible party will not be required to pay more than the specified cap amount, which is often defined as a fixed sum or a percentage of the contract value. This clause serves to allocate risk by providing certainty and protecting parties from potentially unlimited losses, thereby making the contractual relationship more predictable and manageable.
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Maximum Cap Amount. The total aggregated payments made by RedHill pursuant to this Agreement, including, without limitation, the upfront payment, milestone payments and Royalties, shall not exceed a maximum cap amount of US $30 million (the “Cap Amount”). If the Cap Amount is reached, no additional payment of any kind whatsoever shall be due.
Maximum Cap Amount. The total aggregated payments made by Syntrix pursuant to this Agreement shall not exceed a maximum cap amount of US $20 million (the “Cap Amount”). Once Syntrix pays SCOLR the Cap Amount, it shall have no further obligation to pay in respect to the rights granted under this Agreement.