No Cap Sample Clauses
The "No Cap" clause establishes that there is no upper limit on a party's liability under the agreement. In practice, this means that if one party breaches the contract or causes damages, they may be responsible for the full extent of losses, regardless of the amount. For example, if a service provider causes significant financial harm, they could be liable for all resulting damages without restriction. This clause is used to ensure that the party at risk is fully protected and that the other party cannot avoid responsibility by invoking a liability cap.
POPULAR SAMPLE Copied 3 times
No Cap. The right of the FBC Indemnified Parties to be indemnified under this Article XV applies to the full extent that the Bank Pension Plan Losses exceed $1,000,000, and is not subject to any cap amount.
No Cap. The Supplier’s liability for breach of the warranties in clause 14.3 is not subject to any limitation or cap on liability that may be stated elsewhere in this Agreement.