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

• Any such claimants shall allocate among themselves any amounts payable by M3, but the failure of the claimants to reach such an agreement shall not affect the enforceability of the Liability Cap.

• The Parties acknowledge and agree that the Liability Cap values stated in the Key Term above are based on the parties’ agreement as to the Contemplated Type of Properties as at the Execution Date.

• Cap In addition to the exclusions to the Liability Cap contained in clause 20A(b) of the Relationship Agreement, the Liability Cap will also be exclusive of any Allowable Deductions in respect of Non-Satisfactory Performance by the Provider.

• The Parties acknowledge and agree that for the purposes of determining the appropriate Liability Cap for this Agreement it is agreed that the Properties are to be [Insert brief details of the type of Properties contemplated (including location)].

• If the Parties cannot agree to new Liability Cap values, HUD (acting reasonably) shall be entitled to determine the new Liability Cap values.

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.