Losses and Damages definition

Losses and Damages liabilities, damages, claims, obligations, demands, charges, costs or expenses of any kind including reasonable attorneys’ fees and expenses, and court costs.
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Losses and Damages has the meaning set forth in Section 11.02.
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Losses and Damages shall have the meaning given such term in Section 8.02 hereof.
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Examples of Losses and Damages in a sentence

  • With respect to Purchaser Losses and Damages payable hereunder, the Purchaser Indemnified Parties shall be entitled to assert their right to payment directly against each Seller.

  • Figure 5: Coverage of L&D by national and regional financial instruments and mechanisms Coverage of Losses and Damages by existing national financialinstruments and mechanisms in CVF countries (%) Loss of cultural heritage/identity Damage to ecosystem servicesLoss of land area Loss of freshwaterLoss of life Displacement/relocationLoss of health Loss of productivity Loss of incomeDamage/loss of infrastructure/property0 10 20 30 4050%60 70 80 90 100Source: Authors.

  • Upon expiration or termination of this contract pursuant to Clause 22 (Term and Termination), the provisions set forth in Clauses 13 (Losses and Damages), 17 (Non-Solicitation), 18 (Confidentiality), 19 (Records Management), and 23 (Fees Upon Termination), together with all provisions of this contract necessary for the interpretation and enforcement of such provisions, will survive such expiration or termination.

  • Table 1.4 - Losses and Damages in Western and Southern Provinces due to 2010 Floods Source: Integrated Post Flood Assessment Report - May 2012 Table 1.5- Losses and Damages in Batticaloa, Polonnaruwa,Anuradhapura, AmparaDistrictdue to2011Floods Source: National Planning Dept.

  • The first paper (‘Slow-onset Processes and Resulting Losses and Damages – An introduction’) in this series detailed how slow-onset processes have affected Senegal, and the types of losses and damages that result from the special case of sea level rise.

  • The supplier shall indemnify and hold the Subsidiary harmless in front and against any losses, costs, expenses and damages of any nature whatsoever [Losses and Damages] suffered by the Subsidiary, including any Damages that may be awarded against the Subsidiary as the consequence of a claim from a third party, in connection with and/or arising from the presence in the Supply of hazardous or forbidden substances or products.

  • For a definition of loss and damage see key facts and definitions from part I, “Slow-onset Processes and Resulting Losses and Damages – An introduction,” on page 4.

  • Corps’ Estimate of Vessel Losses and Damages Is Based on Unsupported Assumptions and Outdated Data The Corps estimated that the recommended jetty project would generate annualized benefits of $552,000—$160,000 in reduced vessel losses and $392,000 in reduced damages to commercial fishing vessels.

  • If any Losses and Damages for which indemnification is provided hereunder are subsequently reduced by any Tax benefit, insurance payment or other recovery from a third party, the amount of such reduction shall be remitted to the Indemnifying Party.

  • The Project will be implemented in accordance with the Project Operational Manual.


More Definitions of Losses and Damages

Losses and Damages has the meaning ascribed to such term in Section 5.3(b).
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Losses and Damages means any and all amounts which are paid to claimants making Special Claims as a result of judgments or settlements (but as to settlements, only those settlements that are agreed to by the Chairman of the Board of Texas Regional and by the Shareholder Representative), and all related out-of-pocket expenses incurred by Texas Regional or any subsidiary thereof, including, but not necessarily limited to, reasonable attorney's fees, investigation costs, accounting costs, court costs and other expenses related to the defense or settlement of Special Claims.
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Related to Losses and Damages

  • Special Damages shall have the meaning as set forth in Section 5.07.

  • Indemnified Damages shall have the meaning assigned to such term in Section 6(a).

  • Loss or Damage means any loss or damage to the Vehicle, including that caused by theft of the Vehicle or by adverse weather events, that requires repair or replacement including the loss of use of the Vehicle (demurrage), legal expenses, assessment fees, towing and recovery costs, storage, service charges and any appraisal fees of the Vehicle;

  • Damages means any loss, claim, damage, liability, costs and expenses (including, without limitation, reasonable attorney's fees and disbursements and costs and expenses of expert witnesses and investigation).

  • Punitive Damages are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • Actual Damages has the meaning set forth in Section 12.4(C).

  • Seller Damages shall have the meaning given to such term in Section 14.3.

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Losses shall have the meaning set forth in Section 5(a).

  • Consequential Damages means Losses claimed to have resulted from any indirect, incidental, reliance, special, consequential, punitive, exemplary, multiple or any other Loss, including damages claimed to have resulted from harm to business, loss of anticipated revenues, savings, or profits, or other economic Loss claimed to have been suffered not measured by the prevailing Party’s actual damages, and any other damages typically considered consequential damages under Applicable Law, regardless of whether the Parties knew or had been advised of the possibility that such damages could result in connection with or arising from anything said, omitted, or done hereunder or related hereto, including willful acts or omissions.

  • Consequential Loss means loss of profits, anticipated loss of profit or revenue, loss of production, loss of business opportunity, loss of or damage to goodwill or reputation, loss of use or any other similar loss, but excludes:

  • Compensatory Damages are those amounts awarded to compensate for the actual damages sustained, and are not awarded as a penalty, nor fixed in amount by statute.

  • Buyer Losses has the meaning set forth in Section 10.1(a).

  • Environmental Damages means all claims, judgments, damages, losses, penalties, fines, liabilities, encumbrances, liens, costs and expenses of investigation and defense of any claim, including, without limitation, attorney’s fees, that are incurred at any time as a result of the existence of Environmental Conditions upon, about or beneath the Project Site or migrating or threatening to migrate to or from the Site, and including, without limitation:

  • Resale Damages means, with respect to any Rejected Purchase, an amount equal to (a) the positive net amount, if any, by which the applicable Price that would have been paid pursuant to Section 5.1 hereof for such Rejected Purchase, had it been accepted, exceeds the Resale Price multiplied by the quantity of that Rejected Purchase, plus (b) any applicable penalties assessed by ISO-NE or any other Person against Seller as a result of Buyer’s failure to accept such Products. Seller shall provide a written statement explaining in reasonable detail the calculation of any Resale Damages.

  • Direct Damage has the meaning given to it in clause 26.2;

  • Economic damages means objectively verifiable monetary losses, including medical expenses, loss of earnings, burial costs, loss of use of property, cost of replacement or repair, cost of obtaining substitute domestic services, loss of employment, and loss of business or employment opportunities.

  • Cover Damages means, with respect to any Delivery Shortfall, an amount equal to (a) the positive net amount, if, any, by which the Replacement Price exceeds the applicable Price that would have been paid pursuant to Section 5.1 and the Cover Sheet, multiplied by the quantity of that Delivery Shortfall, plus (b) any applicable penalties and other costs assessed by ISO-NE or any other Person against Buyer as a result of Seller’s failure to deliver such Products in accordance with the terms of this Agreement. Buyer shall provide a statement for the applicable period explaining in reasonable detail the calculation of any Cover Damages.

  • Delay Damages means the damages assessed pursuant to Section 3.2(a) hereof.

  • Indemnified Costs has the meaning specified in Section 8.05(a).

  • Buyer Indemnified Persons has the meaning set forth in Section 8.2.

  • Buyer Indemnified Parties has the meaning set forth in Section 8.2.

  • Buyer Indemnified Party has the meaning set forth in Section 8.2.

  • Purchaser Indemnified Persons has the meaning specified in Section 11.01(a).

  • Buyer Indemnitees has the meaning set forth in Section 8.02.