MLD Clause Samples
The MLD (Maximum Liability Dollar) clause sets a cap on the total financial liability that one party may incur under a contract. In practice, this means that regardless of the number or nature of claims made, the responsible party's aggregate liability cannot exceed a specified dollar amount, such as the contract value or another agreed sum. This clause is essential for managing risk exposure, providing both parties with certainty about the maximum potential financial consequences of a breach or other contractual issue.
MLD. Running of Plant for round the clock Services.
MLD. The MLD shall have been recorded.
MLD. Running of Plant in round o clock (3 shifts).
MLD. Seller has applied to the City for preliminary approval of a minor land division of Existing Lot 20 into two separate lots comprised of the Property and the Billboard Site (the “MLD”), a copy of which has been provided to Buyer. If as a condition of final approval of the MLD, the City requires any changes or imposes any additional conditions that were not required at the time Buyer gave its Approval Notice and were not the result of any subsequent actions of Buyer, then either Party adversely affected by such changes or conditions may cancel this Agreement by giving Notice to the other Party and Escrow Agent, whereupon the Deposit shall be paid to Buyer and, except as otherwise provided in this Agreement, neither Party shall have any further obligation under this Agreement. Seller agrees to cause the final approved MLD to be recorded on or before Closing. If Seller has not obtained final approval of the MLD by 5:00 p.m., local Phoenix, Arizona time, on the date that is 15 Days after the expiration of the Study Period, then Seller will have the right to extend the original Closing Date to the date that is the earlier of 30 Days after final approval of the MLD or 60 Days after the original Closing Date by giving Notice to Buyer and Escrow Agent before the original Closing Date. If Seller does not timely elect to extend the original Closing Date, or if Seller has not obtained final approval of the MLD by the Closing Date (as the same may have been extended by Seller), then either Party may elect to cancel this Agreement by giving Notice to the other Party and Escrow Agent, whereupon the Deposit shall be paid to Buyer and, except as otherwise provided in this Agreement, neither Party shall have any further obligation under this Agreement.
MLD. Mutually agreed amendments to this agreement and updated contact lists for emergencies may be required as a result of these meetings.
MLD. MLD Tertiary Treatment Plant (TTP) will be established for supply of treated wastewater to Mathura refinery of IOCL.