{"component": "clause", "props": {"groups": [{"samples": [{"hash": "hwibR4gIOEb", "uri": "/contracts/hwibR4gIOEb#specific-limitations", "label": "Limited Liability Company Agreement (Leucadia National Corp)", "score": 22.9931545258, "published": true}, {"hash": "kI2lcVW3uE3", "uri": "/contracts/kI2lcVW3uE3#specific-limitations", "label": "Membership Interest Purchase Agreement (National Beef Packing Co LLC)", "score": 22.9274463654, "published": true}, {"hash": "1iAhtGlyqX6", "uri": "/contracts/1iAhtGlyqX6#specific-limitations", "label": "Limited Liability Company Agreement (National Beef, Inc.)", "score": 21.6324443817, "published": true}], "snippet_links": [{"key": "no-member-shall", "type": "clause", "offset": [0, 15]}, {"key": "the-right", "type": "clause", "offset": [21, 30]}, {"key": "provided-by-law", "type": "definition", "offset": [171, 186]}, {"key": "in-this-agreement", "type": "clause", "offset": [190, 207]}, {"key": "voluntary-capital-contributions", "type": "clause", "offset": [218, 249]}, {"key": "to-the-company", "type": "definition", "offset": [280, 294]}, {"key": "bring-an-action", "type": "definition", "offset": [316, 331]}, {"key": "company-assets", "type": "clause", "offset": [373, 387]}, {"key": "termination-and-dissolution-of-the-company", "type": "clause", "offset": [403, 445]}, {"key": "distribution-of", "type": "clause", "offset": [502, 517]}, {"key": "in-return", "type": "clause", "offset": [596, 605]}, {"key": "each-member", "type": "definition", "offset": [636, 647]}, {"key": "such-rights", "type": "definition", "offset": [678, 689]}], "size": 18, "snippet": "No Member shall have the right or power to: (a) withdraw or reduce such Member\u2019s Capital Contribution except as a result of the dissolution of the Company or as otherwise provided by law or in this Agreement; (b) make voluntary Capital Contributions or to contribute any property to the Company other than cash; (c) bring an action for partition against the Company or any Company assets; (d) cause the termination and dissolution of the Company, except as set forth in this Agreement; or (e) upon the Distribution of its Capital Contribution require that property other than cash be distributed in return for its Capital Contribution. Each Member hereby irrevocably waives any such rights.", "hash": "1f1a27badc7854d2603f2b82d3b58c79", "id": 1}, {"samples": [{"hash": "3aMqMMFmLdx", "uri": "/contracts/3aMqMMFmLdx#specific-limitations", "label": "Limited Liability Company Agreement (U. S. Premium Beef, LLC)", "score": 37.4380569458, "published": true}, {"hash": "h2pTyWR4djv", "uri": "/contracts/h2pTyWR4djv#specific-limitations", "label": "Limited Liability Company Agreement (U. S. 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Each Unitholder (whether or not a Member) by becoming a Unitholder shall have irrevocably waived each of the rights contained in clauses (1) through (8) of this Section 3.7(g).", "hash": "11dac32ac9b145ea5a8c492f0c2baaaa", "id": 2}, {"samples": [{"hash": "jw4rb44Bm9D", "uri": "/contracts/jw4rb44Bm9D#specific-limitations", "label": "Sale and Purchase Agreement", "score": 31.3408622742, "published": true}, {"hash": "bKGIpqugyV7", "uri": "/contracts/bKGIpqugyV7#specific-limitations", "label": "Agreement for the Sale and Purchase of the Entire Share Capital (Skype S.a r.l.)", "score": 20.1690616608, "published": true}, {"hash": "l04TUATBXWF", "uri": "/contracts/l04TUATBXWF#specific-limitations", "label": "Agreement for the Sale and Purchase of the Entire Share Capital (Ebay Inc)", "score": 19.0, "published": true}], "snippet_links": [{"key": "not-liable", "type": "clause", "offset": [16, 26]}, {"key": "in-respect-of", "type": "clause", "offset": [27, 40]}, {"key": "relevant-claim", "type": 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"snippet": "The Sellers are not liable in respect of a Relevant Claim (other than a Tax Claim to which the limitations in paragraph 3 of Schedule 9 apply):\n4.1 with respect to the Sellers\u2019 Warranties, to the extent that the Buyer is aware, and has an appreciation, at or prior to the date of this Agreement, of facts and circumstances that might serve as the basis of or give rise to the Relevant Claim (it being understood, however, that the Buyer does not need to be aware that such facts and circumstances constitute a breach of a Sellers\u2019 Warranty);\n4.2 to the extent that facts and circumstances that might serve as the basis of the Relevant Claim would not have arisen but for, or any Loss related thereto was increased by (but only to the extent of such increase);\n4.2.1 a voluntary act carried out after Completion (other than pursuant to the operation of the business of the Group Companies in the usual course) by a Buyer\u2019s Group Undertaking or an employee of a Buyer\u2019s Group Undertaking; or\n4.2.2 the passing of, or a change in, a law, rule or regulation, the interpretation or application of a law, rule, regulation or administrative practice of a Governmental Entity after the date of this Agreement or an increase in the Tax rates or an imposition of Tax, in each case not in force (or in a manner different than) at the date of this Agreement;\n4.3 to the extent that a Group Company has obtained a recovery against or from a person other than a Seller\u2019s Group Undertaking in respect of the Loss claimed in the Relevant Claim, whether under a provision of any applicable law, rule or regulation, agreement, arrangement, undertaking, insurance policy or otherwise howsoever, but only to the extent of such recovery (it being understood that the Buyer shall use reasonable endeavours to pursue any such recoveries to which it may be entitled);\n4.4 with respect to the Sellers\u2019 Warranties, to the extent that the matter giving rise to the Relevant Claim was taken into account in computing the amount of an allowance, accrual, provision or reserve in the Accounts or was specifically referred to in the Accounts or in the notes to the Accounts, in each such case to the extent that the same was not reversed in accordance with generally accepted accounting principles; and\n4.5 to the extent Tax of a Buyer\u2019s Group Undertaking is actually reduced or eliminated by a Relief arising from the matter or any Event giving rise to the matter which gives rise to the Relevant Claim; provided, however, that, in determining whether an amount of Tax is actually reduced or eliminated, any Reliefs otherwise available to such Buyer\u2019s Group Undertaking shall be deemed to be utilised prior to the utilisation of any such Relief arising from the matter or any Event giving rise to the matter which gives rise to the Relevant Claim.", "hash": "469dd0f40f7561de6867d9150251b19c", "id": 3}, {"samples": [{"hash": "i53ikNxvGjq", "uri": 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assigning rights in specific Fund Property for other than a Fund purpose; or\n(4) Constituting any other person as a Manager, except as provided in Article 14.\n(b) The Manager shall not take any action that would cause the Fund to be regulated as an \"investment company\" under the 1940 Act, nor will the Manager take any action that would cause the Fund to change its investment objectives and policies without the approval of Investors whose aggregate Capital Contributions constitute more than 50% of all Capital Contributions to the Fund at such time.\n(c) The Manager shall not sell, exchange, lease, mortgage, pledge or transfer all or a substantially all of the Fund's assets if not in the ordinary course of operation of Fund Property without the approval of a 50% of all Capital Contributions to the Fund at such time.\n(d) The Fund and the Fund's agents shall not take any action that is prohibited to the Manager by this or any other provision of this Agreement.", "hash": 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{"key": "double-recovery", "type": "definition", "offset": [3267, 3282]}, {"key": "in-the-case", "type": "clause", "offset": [3288, 3299]}, {"key": "recovery-of", "type": "clause", "offset": [3303, 3314]}, {"key": "costs-of-recovery", "type": "clause", "offset": [3456, 3473]}, {"key": "recoverable-amount", "type": "definition", "offset": [3532, 3550]}, {"key": "commercially-reasonable-efforts", "type": "clause", "offset": [3569, 3600]}, {"key": "no-circumstances", "type": "clause", "offset": [3805, 3821]}, {"key": "any-action", "type": "definition", "offset": [3870, 3880]}, {"key": "material-respect", "type": "definition", "offset": [3989, 4005]}], "size": 7, "snippet": "An Indemnifying Party shall not have any liability to the Indemnified Party under Article VIII of this Agreement to the extent any Losses arise from:\n(a) the passing of, or any change in, after the applicable Closing Date of any Applicable Law not announced prior to the date of this Agreement, including (without prejudice to the generality of the foregoing) any increase in the rates of Tax or any imposition of Tax or any withdrawal of relief from Tax not actually (or prospectively) in effect on such Closing Date;\n(b) any voluntary act, voluntary omission, transaction or agreement after the applicable Closing Date made by the Indemnified Party, other than pursuant to a legally binding commitment in place prior to such Closing Date;\n(c) any act, omission or transaction occurring before the applicable Closing Date directly as a result of the written request or written direction of the Indemnified Party;\n(d) if and to the extent that a specific allowance, provision or reserve has been made in the financial statements in respect of the matter to which such liability relates;\n(e) if and to the extent any breach or claim shall arise by reason of some liability of which at the time the breach is notified to the Indemnifying Party is contingent only, the Indemnifying Party shall not be under any obligation to make any payment thereunder until such time as the Indemnified Party has suffered a Loss; or\n(f) any change after the applicable Closing Date of any generally accepted interpretation or application of any legislation, or changes in the accounting policy, bases or practice of the Indemnified Party, unless any such changes have been publicly announced prior to the date hereof. The amount of any Losses payable by the Indemnifying Party under this Agreement shall be net of any (i) amounts actually recovered (and not subject to forfeiture or reimbursement) by Indemnified Party under applicable insurance policies or from any other Person alleged to be responsible therefor, and (ii) corresponding Tax benefits to the Indemnified Party arising from such Losses, provided that no such amounts shall reduce any amount recoverable under Article VIII hereof except to the extent that the Indemnified Party has already been compensated for any deductible under any insurance policy, any unrecoverable loss hereunder and the expenses of such recovery. In computing the amount of any such Tax benefit, the Indemnified Party shall be deemed to utilize, at such Indemnified Party\u2019s average tax rate then in effect, all Tax items arising from the incurrence or payment for any Losses. If the Indemnifying Party has paid an amount in discharge of any claim under this Agreement and the Indemnified Party has been compensated in full for all Losses it has suffered with respect to the subject matter of such claim, then to the extent the Indemnified Party subsequently recovers or is entitled to recover (whether by payment, discount, credit, relief, insurance or otherwise) from a third party a sum which further indemnifies or compensates the Indemnified Party (in whole or in part) in respect of the same loss or liability which is the subject matter of the claim such that the Indemnified Party\u2019s recovery and retention of such amount would constitute double recovery, (i) in the case of recovery of any such amount by the Indemnified Party, it shall as soon as reasonably practicable pay over such amount to the Indemnifying Party less all costs of recovery and Taxes with respect thereto; and (ii) in the case of a recoverable amount, it shall use its commercially reasonable 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["limitation-of-liability", "Limitation of Liability"], ["liability", "Liability"]], "title": "Specific Limitations", "id": "specific-limitations", "related": [["other-limitations", "Other Limitations", "Other Limitations"], ["usage-limitations", "Usage Limitations", "Usage Limitations"], ["exceptions-to-limitations", "Exceptions to Limitations", "Exceptions to Limitations"], ["warranty-limitations", "Warranty Limitations", "Warranty Limitations"], ["disclaimers-exclusions-limitations", "DISCLAIMERS; EXCLUSIONS; LIMITATIONS", "DISCLAIMERS; EXCLUSIONS; LIMITATIONS"]], "related_snippets": [], "updated": "2026-11-05T04:24:03+00:00", "also_ask": ["What are the most common negotiation points regarding specific limitations in contracts?", "Which drafting elements are essential to ensure specific limitations are enforceable?", "What are the primary risks if specific limitations are too broad or vague?", "How do courts typically interpret and enforce specific limitations clauses?", "How do specific limitations differ from general limitations in similar agreements?"], "drafting_tip": "Specify all limitations precisely to prevent misinterpretation, use clear language to avoid ambiguity, and reference applicable laws to ensure enforceability.", "explanation": "The \"Specific Limitations\" clause defines particular restrictions or boundaries that apply to the rights, obligations, or activities under an agreement. This clause may outline prohibited uses of a product, set caps on liability, or restrict certain actions by either party, such as limiting data sharing or resale. By clearly stating these boundaries, the clause helps prevent misunderstandings and disputes by ensuring all parties are aware of the exact limits imposed by the contract."}, "json": true, "cursor": ""}}