Common use of Mutual Waiver of Consequential Damages Clause in Contracts

Mutual Waiver of Consequential Damages. 6.6.1 To the extent the Contractor’s Contract with the Owner provides for a mutual waiver of consequential damages by the Owner and the Contractor, the Contractor and the Subcontractor waive claims against each other for consequential damages arising out of or relating to this Agreement, including to the extent provided in the Contractor’s Contract with the Owner, damages for principal office expenses and the compensation of personnel stationed there; for loss of financing, business and reputation; and for loss of profit. To the extent applicable, this mutual waiver applies to consequential damages due to termination by the Contractor or the Owner in accordance with this Agreement or the Contractor’s Contract with the Owner. To the extent the Contractor’s Contract with the Owner does not preclude the award of liquidated damages, nothing contained in this Paragraph shall preclude the imposition of such damages, if applicable in accordance with the requirements of the Subcontract Documents.

Appears in 2 contracts

Samples: Subcontract Agreement, Subcontract Agreement

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Mutual Waiver of Consequential Damages. 6.6.1 To the extent the Contractor’s Contract with the Owner Owner-Contractor Agreement provides for a mutual waiver of consequential damages by the Owner and the Contractor, the Contractor and the Subcontractor waive claims against each other for consequential damages arising out of or relating to this Agreement, including to the extent provided in the Contractor’s Contract with the Owner-Contractor Agreement, damages for principal office expenses and the compensation of personnel stationed there; for loss of financing, business and reputation; and for loss of profit. To the extent applicable, this mutual waiver applies to consequential damages due to termination by the Contractor or the Owner in accordance with this Agreement or the Contractor’s Contract with the Owner-Contractor Agreement. To the extent the Contractor’s Contract with the Owner Owner-Contractor Agreement does not preclude the award of liquidated damages, nothing contained in this Paragraph shall preclude the imposition of such damages, if applicable in accordance with the requirements of the Subcontract Documents.

Appears in 1 contract

Samples: Subcontract Agreement

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Mutual Waiver of Consequential Damages. 6.6.1 To the extent the Contractor’s Contract with the Owner Owner-Contractor Agreement provides for a mutual waiver of consequential damages by the Owner and the Contractor, the Contractor and the Subcontractor waive claims against each other for consequential damages arising out of or relating relat- ing to this Agreement, including to the extent provided in the Contractor’s Contract with the OwnerOwner- Contractor Agreement, damages for principal office expenses and the compensation of personnel stationed there; for loss of financing, business and reputation; and for loss of profit. To the extent applicableappli- cable, this mutual waiver applies to consequential damages due to termination by the Contractor or the Owner in accordance with this Agreement or the Contractor’s Contract with the Owner-Contractor Agreement. To the extent the Contractor’s Contract with the Owner Owner-Contractor Agreement does not preclude the award of liquidated liqui- dated damages, nothing contained in this Paragraph shall preclude the imposition of such damages, if applicable in accordance with the requirements of the Subcontract Documents.

Appears in 1 contract

Samples: Subcontract Agreement

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