Aggregate Liability Cap definition

Aggregate Liability Cap means the value of the Annual Service Fee multiplied by one decimal point five (1.5);

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Aggregate Liability Cap means the aggregate of the base Service Fee for each Day of the Term;

Aggregate Liability Cap means, in relation to each Contract Year, an amount calculated in accordance with the following formula: where: ALC is the aggregate liability cap in relation to the relevant Contract Year; LC is the Liability Cap under this contract in relation to the relevant Contract Year; and CCLC means: for the purposes of determining in accordance with paragraph 3 of this Schedule 9 whether Network Rail's liability under this contract in that Contract Year would exceed the Aggregate Liability Cap for that Contract Year if a payment were to be made under paragraph 3 of this Schedule 9, the aggregate value of:

Examples of Aggregate Liability Cap in a sentence

The provisions of this Section 20 shall survive the Close of Escrow and the indemnity obligations hereunder expressly fall outside of the Maximum Aggregate Liability Cap (as defined below) and are not capped by Buyer’s full Deposit amount.
Notwithstanding the foregoing, Seller’s Maximum Aggregate Liability Cap shall not apply with respect to (i) Seller’s indemnity obligations under Section 20 of this Agreement, (ii) any amounts to be prorated under ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇, (▇▇▇) Seller’s obligations under Paragraph 35 below, or (iv) Seller’s fraud.
The liability caps in Clause 3.6 (design), Clause 13.4 (Liquidated Damages) and Clause 24.4 (Railway Costs) are sub-caps to the Aggregate Liability Cap.
The liability cap in Clause 24 (Railway Costs) is a sub-cap to the Aggregate Liability Cap.
The Railway Costs Cap is a sub-cap to the Aggregate Liability Cap.

More Definitions of Aggregate Liability Cap

Aggregate Liability Cap means the amount specified as such in Schedule 1; “Applicable Anti-Bribery Laws” means:

Aggregate Liability Cap means the amount calculated in accordance with Clause 19.2.1 and set out as such in Schedule 1 (Project Information); Agreement Date means the date of this Agreement;

Aggregate Liability Cap has the meaning given to it in Clause 37.1 (Limits of Liability).

Aggregate Liability Cap means the amount specified as such in Schedule 1; "Available" has the meaning given in clause 7.1(b);

Aggregate Liability Cap has the meaning set forth in Section 10.2(b)(v).

Aggregate Liability Cap has the meaning ascribed thereto in Section 19.2 of the Contract.

Aggregate Liability Cap has the meaning given to it in Clause 18.3.1 (Liability Cap);