Maximum Liability Amount. Notwithstanding anything to the contrary in this Agreement, neither the Company’s nor the City’s or the CIC’s net liability to the other Party under this Agreement shall exceed Ten Million and No/100 Dollars ($10,000,000.00) (the “Maximum Liability Amount”). In no event will the Company be liable to the City or the CIC, nor the City or the CIC liable to the Company, for (i) any damages, liabilities, fees, costs, expenses, penalties, diminishments in value, losses or payments that exceed, in the aggregate, the Maximum Liability Amount, or (ii) any indirect, reliance, exemplary, incidental, speculative, punitive, special, consequential or similar damages that may arise in connection with this Agreement.
Appears in 2 contracts
Sources: Development Agreement, Development Agreement