No Double Dip Sample Clauses
The No Double Dip clause prevents a party from recovering the same loss or damage more than once under a contract. In practice, this means that if a party has already received compensation or remedy for a particular issue through one provision, they cannot seek additional compensation for the same issue under another provision of the agreement. This clause ensures fairness by avoiding overcompensation and eliminates the risk of duplicate claims for the same loss, thereby maintaining the integrity of the contract’s risk allocation.
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No Double Dip. The Parties agree that where one and the same set of facts (Sachverhalt) qualifies under more than one provision entitling the Purchaser to a claim or remedy under this Agreement or any applicable statutory laws, there shall be only one claim or remedy (no double-dip).
No Double Dip. Where one and the same Damage has been caused by more than one breach of this Agreement or by a breach of more than one provision of this Agreement, the Claimant incurring or suffering such Damage shall be entitled to receive monetary damages in the amount of such Damage only once.
No Double Dip. The Parties are in agreement that where one and the same Loss has been caused by several breaches of this Agreement or by a breach of several provisions of this Agreement the Party incurring or suffering such Loss shall be entitled to receive monetary damages in the amount of such Loss only once.
No Double Dip. “ and third party coverage
12.7.1 The Parties are in agreement that where one and the same set of facts (Sachverhalt) qualifies under more than one provision entitling the Purchaser to a claim or remedy under this Agreement, there shall be only one claim or remedy. In particular, the foregoing shall apply if one and the same set of facts (Sachverhalt) qualifies under more than one of the representations made in Section 11. 12.7.2 The Purchaser may not claim damages pursuant to Section 11 in the amount in which the Acquired Company has set up a corresponding/specific provision in the Closing Date Financial Statements, or insurance coverage is available to the Purchaser or the Acquired Company or any of its Subsidiaries. In case of insurance coverage, the Seller shall compensate Purchaser for any costs and disadvantages in connection with claiming the insurance benefit (such as potential elevated costs in insurance premium fees).
No Double Dip. Notwithstanding any vesting of the Restricted Stock awarded by this Award Agreement, the Shares subject to this Award Agreement will continue at all times, including but not limited to after Participant’s cessation of Eligible Service, to be subject to the reduction, delivery and repayment provisions set forth under “No Double Dip” in the Notice of Grant.
No Double Dip. Where one and the same set of facts (Sachverhalt) qualifies under more than one provision entitling the Purchaser to any claim, for damages or for other reasons, under or in connection with this Agreement, there shall be only a one time consideration respectively compensation for the entirety of such claim and/or damage. For the avoidance of doubt, the “no double counting” principle set forth in this Section 9.10 shall apply mutatis mutandis with respect to any advantages, savings or benefits taken into account with respect to any claim under or in connection with this Agreement.
No Double Dip. If one and the same set of facts (Sachverhalt) qualifies under more than one provision as a Breach of Representations or entitles Purchaser to a claim or remedy under more than one provision of, or in connection with, this Agreement, even if the Purchaser makes multiple Claims arising from such facts, the Purchaser shall not be entitled to aggregate recoveries from such Claims in excess of its aggregate Losses arising from such facts.
No Double Dip. The Parties are in agreement that where one and the same set of facts (Sachverhalt) qualifies under more than one provision entitling a Party to a claim or indemnification under this Agreement, there shall be only one claim or indemnification. In particular, the foregoing shall apply if one and the same set of facts (Sachverhalt) qualifies under the representations made in ARTICLE VI and under the indemnifications contained in ARTICLE VIII.