Common use of Amount Limitation Clause in Contracts

Amount Limitation. The Company and the Shareholder shall not have any obligation to indemnify any Indemnified Party under this Article XII to the extent the aggregate amount of the Claims for which the Indemnified Parties are entitled to indemnification hereunder exceeds an amount equal to Two Hundred Seventy Five Thousand Dollars ($275,000) (after which point the Company and the Shareholder will have no obligation to indemnify any Indemnified Party from and against any further Claims).