Common use of Recoverable Amount Clause in Contracts

Recoverable Amount. Neither Buyer nor Seller shall be entitled to recover from Seller or Buyer, respectively, for any losses, costs, expenses, or damages arising under this Agreement or in connection with or with respect to the transactions contemplated in this Agreement any amount in excess of the actual compensatory damages, court costs and reasonable attorney fees, suffered by such party. Buyer and Seller shall have no right to recover punitive, special, exemplary and consequential damage arising in connection with or with respect to the transactions contemplated in this Agreement.