Common use of Indemnity Cap Clause in Contracts

Indemnity Cap. For the purposes of clause 7.03 (d) of Section 2 the Indemnity Cap shall be twenty million pounds Sterling (£20,000,000) escalated on the same basis as the tariff pursuant to Clause 6.2. The Indemnity Cap shall be twenty million Pounds Sterling (£20,000,000) for all Fields with a Peak Entitlement of up to 30,000 Barrels per Day. The Indemnity Cap for Fields with a Peak Entitlement in excess of that limit shall be negotiated and agreed at a higher level appropriate to the level of Peak Entitlement.

Indemnity Cap. For the purposes of clause Clause 7.03 (d) of Section 2 the Indemnity Cap shall be twenty million pounds Sterling (£20,000,000) escalated on the same basis as the tariff pursuant to Clause 6.2. The Indemnity Cap shall be twenty million Pounds Sterling (£20,000,000) for all Fields with a Peak Entitlement of up to 30,000 Barrels per Day. The Indemnity Cap for Fields with a Peak Entitlement in excess of that limit shall be negotiated and agreed at a higher level appropriate to the level of Peak Entitlement.

Indemnity Cap. ‌ For the purposes of clause Clause 7.03 (d) of Section 2 the Indemnity Cap shall be twenty million pounds Sterling (£20,000,000) escalated on the same basis as the tariff pursuant to Clause 6.2. The Indemnity Cap shall be twenty million Pounds Sterling (£20,000,000) for all Fields with a Peak Entitlement of up to 30,000 Barrels per Day. The Indemnity Cap for Fields with a Peak Entitlement in excess of that limit shall be negotiated and agreed at a higher level appropriate to the level of Peak Entitlement.