Partial Damages Sample Clauses
The Partial Damages clause defines how damages are calculated and awarded when a breach or loss affects only part of the subject matter of a contract, rather than the whole. In practice, this means that if only a portion of goods delivered are defective or a segment of services is not performed, compensation is limited to the affected part rather than the entire contract value. This clause ensures that liability is proportionate to the actual harm suffered, preventing overcompensation and promoting fairness in resolving partial breaches.
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Partial Damages. If the Company’s obligations to pay any partial damages or other amounts owing under the Transaction Documents is a continuing obligation of the Company, then such obligation shall not terminate until all unpaid partial damages and other amounts have been paid notwithstanding the fact that the instrument or security pursuant to which such partial damages or other amounts are due and payable shall have been canceled.