VALUE LIMIT Clause Samples

A Value Limit clause sets a maximum cap on the total financial liability or exposure that one party may incur under a contract. In practice, this means that regardless of the number or magnitude of claims, the responsible party will not be required to pay more than the specified limit, which might be tied to the contract value or a fixed sum. This clause is essential for managing risk, as it provides certainty and predictability regarding potential losses, protecting parties from unlimited or disproportionate financial consequences.
VALUE LIMIT. Occupant agrees not to store personal property with a total value in excess of $5,000.00 without prior written consent of Owner, which consent may be withheld in Owner’s sole discretion and, if such written consent is not obtained, the total value of Occupant’s personal property shall be deemed not to exceed $5,000.00. Nothing herein shall constitute any agreement or admission by the Owner that Occupant’s stored personal property has any value. Occupant further agrees the maximum liability of Owner to Occupant for any claim or suit by Occupant, including but not limited to any suit that alleges wrongful or improper foreclosure or sale of the contents of a storage space, is $5,000.00. Nothing in this section shall be deemed to create any liability on the part of the Owner to Occupant for any loss or damage to Occupant’s personal property, regardless of cause.
View SourceView Similar (3)
VALUE LIMIT. If the aggregate fair market value of the shares with respect to which ISOs (whether granted under the Option or otherwise) first become exercisable by the Grantee in any calendar year exceeds $100,000, as measured on the applicable Award Dates, the limitations of Section 5.1.2 of the Plan shall apply and to such extent the Option will be rendered a nonqualified stock option.
View SourceView Similar (3)
VALUE LIMIT. OCCUPANT agrees not to store personal property with a total value in excess of $ 5000.00 without prior written consent of OWNER which consent may be withheld in OWNER'S sole discretion and if such written consent is not obtained the total value of OCCUPANT'S personal property shall be deemed not to exceed $ 5000.00. OCCUPANT further agrees the maximum liability of OWNER to OCCUPANT for any claim or suit by OCCUPANT, including but not limited to any suit that alleges wrongful or improper foreclosure to OCCUPANTS of a storage space, is $ 5000.00. Nothing in this section shall be deemed to create any liability on the part of the OWNER to OCCUPANT for any loss or damage to OCCUPANT’S personal property regardless of cause.
View Source
VALUE LIMIT. OCCUPANT agrees not to store property with a total value in excess of $500,000.00 without prior written consent of OWNER, which consent may be withheld in OWNER'S sole discretion and, if such written consent is not obtained, the total value of OCCUPANTS property shall be deemed not to exceed $500,000.00. OCCUPANT further agrees that the maximum liability of OWNER to OCCUPANT for any claim or suit by OCCUPANT, including but not limited to any suit which alleges wrongful or improper foreclosure or sale of the contents of a stored unit, is $5000.00. Nothing in this section shall be deemed to create any liability on the part of the OWNER to OCCUPANT for any loss or damage to OCCUPANT'S property, regardless of cause.
View Source

Related to VALUE LIMIT

  • Market Value Adjustment Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Usage Limits Services and Content are subject to usage limits, including, for example, the quantities specified in Order Forms and Documentation. Unless otherwise specified, (a) a quantity in an Order Form refers to Users, and the Service or Content may not be accessed by more than that number of Users, (b) a User’s password may not be shared with any other individual, and (c) except as set forth in an Order Form, a User identification may only be reassigned to a new individual replacing one who will no longer use the Service or Content. If You exceed a contractual usage limit, We may work with You to seek to reduce Your usage so that it conforms to that limit. If, notwithstanding Our efforts, You are unable or unwilling to abide by a contractual usage limit, You will execute an Order Form for additional quantities of the applicable Services or Content promptly upon Our request, and/or pay any invoice for excess usage in accordance with Section 6.2 (Invoicing and Payment).

  • Aggregate Limit The issuance and sale of the Shares issuable pursuant to such Fixed Request Notice or Optional Amount shall not violate Sections 2.2, 2.12 and 5.5 hereof.

  • Coverage Limits By requiring insurance, the State of Washington and DSHS do not represent that the coverage and limits required in this Contract will be adequate to protect the Contractor. Such coverage and limits shall not limit the Contractor’s liability in excess of the required coverage and limits, and shall not limit the Contractor’s liability under the indemnities and reimbursements granted to the State and DSHS in this Contract.

  • Liability Limit THE REMEDY IN ANY CLAIM OR SUIT BY YOU AGAINST US WILL BE LIMITED TO DIRECT, ACTUAL DAMAGES, AND NEITHER NEXTERA ENERGY SERVICES OHIO, LLC NOR ANY OF ITS AFFILIATES WILL BE LIABLE FOR CONSEQUENTIAL, SPECIAL, INCIDENTAL, INDIRECT (INCLUDING LOSS OF PROFITS) OR PUNITIVE DAMAGES.