Common use of Pre-Estimate Clause in Contracts

Pre-Estimate. 7 The parties agree that the amounts recoverable under this Section 6 are a reasonable pre-estimate of damages and not a penalty. Except as otherwise provided in this Agreement, neither party will be entitled to recover any additional damages as a consequence of the termination of the Terminated Transactions or Terminated DFT Terms Agreements.

Appears in 1 contract

Sources: Isda/Iifm Tahawwut Master Agreement

Pre-Estimate. 7 The parties agree that the amounts a quantity or amount recoverable under this Section 6 are 6(e) is a reasonable pre-estimate of damages loss and not a penalty. Except Such quantity or amount is deliverable or payable for the loss of bargain and the loss of protection against future risks, and, except as otherwise provided in this Agreement, neither party Party will be entitled to recover any additional damages as a consequence of the termination of the Terminated Transactions or Terminated DFT Terms AgreementsTransactions.”

Appears in 1 contract

Sources: Schedule to the 2002 Master Agreement (World Currency Gold Trust)