FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / consequential-damages-waiver-memo.docx
consequential-damages-waiver-memo.docx · 1022-00005

Parties

Meridian Infrastructure Partners LLC
Northgate Fiber Americas Inc
MCA Northgate Fiber Americas Inc
Northgate Telecommunications PLC
Ridgepoint Capital Group LP
Crestline Telecommunications Construction Inc
Ironclad Surety Group Inc
Kestrel Corp

Dates

September 8, 2024
March 15, 2020
July 15, 2024
January 18, 2024
February 19, 2024
April 1, 2024
November 22, 2024
January 27, 2025

Amounts

$200
$92,400,000
$41,976,000
$34,133,333
$76,109,333
$50,424,000
$16,500,000
$56,966,667
$76.1
$630.3

Obligations

1 of the MCA, titled "Limitation of Liability — Waiver of Consequential Damages," provides, in relevant part, as follows: Neither party shall be liable to the other party for any indirect, incidental, consequential, special, exemplary, or punitive damages arising out of or relating to this Agreement or any Work Order issued hereunder, including but not limited to lost profits, loss of revenue, loss of use, loss of opportunity, loss of goodwill, diminution in value, and cost of replacement power or facilities, whether arising under any theory of contract, tort (including negligence and strict liability), statute, or otherwise, and regardless of whether such party has been advised of the possibility of such damages; provided, however, that the foregoing limitation shall not apply to (i) damages arising from a party's willful misconduct, (ii) a party's intellectual property indemnification obligations under Section 19
The $41,976,000 lost-profits claim must be carefully distinguished from the $50,424,000 termination fee component of Count I
2d 293, 304 (1983) (holding that the implied covenant "embraces a pledge that neither party shall do anything which will have the effect of destroying or injuring the right of the other party to receive the fruits of the contract")
Excess completion costs are a standard measure of direct damages in construction-termination cases: they represent the "cost of cover" — the additional amount the non-breaching party must pay to obtain the performance it was promised
Count I — Breach of Contract (Wrongful Termination): $92,400,000 Count I combines two distinct damages components that must be analyzed separately under the § 20