Liability Cap definition

Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;
Liability Cap for the purposes of Clause 11.1, means £100,000 per occurrence and an overall annual cap of £1,000,000 in any period of twelve consecutive calendar months during the term of this Agreement;
Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9; "Local Output" has the meaning ascribed to it in Part L of the Network Code;

Examples of Liability Cap in a sentence

  • The Parties acknowledge and agree that the liability, indemnification, and force majeure provisions in Section 13 of Chapter 1 of the Market Rules apply to this Agreement, mutatis mutandis; provided, however that the force majeure provisions in the Market Rules shall apply only after Service Commencement and notwithstanding anything to the contrary in the Market Rules, the aggregate liability of the IESO to the ASP shall not exceed an amount equal to the Liability Cap.


More Definitions of Liability Cap

Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9; "Licensing Regulations" means the Railways (Licensing of Railway Undertakings) Regulations 2005;
Liability Cap has the meaning specified in Section 8.05(c).
Liability Cap means the sum calculated in accordance with Clause 10.4.2;
Liability Cap has the meaning set forth in Section 10.2(a)(v).
Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 5; “Network” has the meaning ascribed to it under section 83(1) of the Act;
Liability Cap means, in respect of each Relevant Year, the greater of:
Liability Cap has the meaning set forth in Section 12.3.