Maximum Recourse Amount Clause Samples
The Maximum Recourse Amount clause sets a cap on the total financial liability that one party can seek from another under a contract. In practice, this means that if a party suffers losses or damages, they can only recover up to the specified maximum amount, regardless of the actual loss incurred. For example, if the maximum recourse is set at $100,000, even if damages exceed this amount, the liable party is only responsible for paying up to the cap. This clause serves to limit financial exposure and risk, providing certainty and predictability for both parties regarding the extent of potential liabilities.
Maximum Recourse Amount. The percentage applicable to the calculation of the Maximum Recourse Amount for the Subject Property is set forth on Schedule III to the Participation Agreement.
Maximum Recourse Amount. The percentage applicable to the calculation of the Maximum Recourse Amount for the Subject Property is set forth on Schedule II hereto.
Maximum Recourse Amount. The Maximum Recourse Amount for the Subject Property is 85% of the initial Lease Balance.