Common use of Assertion of Claims to Exceed Minimum Indemnification Amount Clause in Contracts

Assertion of Claims to Exceed Minimum Indemnification Amount. Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement until all Losses of such Party, in the aggregate, during the then-current year exceed the US$10,000, in which event such Party shall be able to recover for all its Losses for such year. For the purposes of this Section 26.3, a Loss (or claim for indemnification) shall be deemed to arise in the year the event giving rise to such Loss (or claim for indemnification) occurred, or if the event is continuing in more than one year, in the year such event ends.

Assertion of Claims to Exceed Minimum Indemnification Amount. Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement Agreement, until all Losses of such Party, in the aggregate, during the then-current year Agreement Year, exceed the US$10,000, in which event such Party shall be able to recover for all its Losses for such year. Minimum Indemnification Amount For the purposes of this Section 26.311.2, a Loss (or claim for indemnification) shall be deemed to arise in the year Agreement Year in which the event giving rise to such Loss (or claim for indemnification) occurred, or if the event is continuing in more than one yearAgreement Year, in the year Agreement Year such event ends.

Assertion of Claims to Exceed Minimum Indemnification Amount. Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement Agreement, until all Losses of such Party, in the aggregate, during the then-current year Agreement Year, exceed the US$10,000, in which event such Party shall be able to recover for all its Losses for such yearMinimum Indemnification Amount. For the purposes of this Section 26.311.2, a Loss (or claim for indemnification) shall be deemed to arise in the year Agreement Year in which the event giving rise to such Loss (or claim for indemnification) occurred, or if the event is continuing in more than one yearAgreement Year, in the year Agreement Year such event ends.

Assertion of Claims to Exceed Minimum Indemnification Amount. Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement Agreement, until all Losses losses of such Party, in the aggregate, during the then-current year Year, exceed the US$10,000, in which event such Party shall be able to recover for all its Losses for such yearMinimum Indemnification Amount. For the purposes of this Section 26.311.2, a Loss (or claim for indemnification) shall be deemed to arise in the year Year the event giving rise to such Loss (or claim for indemnification) occurred, or if the event is continuing in more than one yearYear, in the year Year such event ends.

Assertion of Claims to Exceed Minimum Indemnification Amount. ‌ Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement Agreement, until all Losses of such Party, in the aggregate, during the then-current year Agreement Year, exceed the US$10,000, in which event such Party shall be able to recover for all its Losses for such yearMinimum Indemnification Amount. For the purposes of this Section 26.311.2, a Loss (or claim for indemnification) shall be deemed to arise in the year Agreement Year in which the event giving rise to such Loss (or claim for indemnification) occurred, or if the event is continuing in more than one yearAgreement Year, in the year Agreement Year such event ends.

Assertion of Claims to Exceed Minimum Indemnification Amount. (a) Each Party shall be solely liable, and shall not be entitled to assert any claim for indemnification under this Agreement, for any Loss that would otherwise be the subject of indemnification under this Agreement Agreement, until all Losses of such Party, in the aggregate, during the then-current year Year, exceed the US$10,000, in which event such Party shall be able to recover for all its Losses for such yearMinimum Indemnification Amount. For the purposes of this Section 26.38.4, a Loss (or claim for indemnification) shall be deemed to arise in the year Year the event giving rise to such Loss (or claim for indemnification) occurred, or if the event is continuing in more than one yearYear, in the year Year such event ends.