Common use of Limit of Authority Clause in Contracts

Limit of Authority. It is agreed that the arbitrators shall have no authority to impose any punitive, exemplary or consequential damage awards on either of the Parties hereto.

Appears in 4 contracts

Samples: Reinsurance Agreement, Reinsurance Agreement (Allstate Corp), Stock Purchase Agreement (Allstate Corp)

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Limit of Authority. It is agreed that the arbitrators shall have no authority to impose authorize any punitive, exemplary or consequential damage awards on either of between the Parties parties hereto.

Appears in 2 contracts

Samples: Coinsurance Agreement (Penn Treaty American Corp), Coinsurance Agreement (Penn Treaty American Corp)

Limit of Authority. It is agreed that the arbitrators shall have no authority to impose any punitive, exemplary or consequential damage awards on either of the Parties heretoParties.

Appears in 1 contract

Samples: Trust Agreement (Horace Mann Life Insurance Co Separate Account)

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Limit of Authority. It is agreed that the arbitrators shall have no authority to impose any punitive, exemplary or consequential damage awards on either of the Parties parties hereto.. ARTICLE XIII

Appears in 1 contract

Samples: Trust Agreement (Talcott Resolution Life Insurance Co)

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