Basket. A Buyer Indemnified Party shall not be entitled to make a claim for indemnification for any Losses arising out of Section 9.1 until the aggregate amount of all claims for Losses which arise out of Section 9.1 exceeds Ten Thousand Dollars ($10,000) (the “Basket”). In the event the aggregate amount of such Losses exceeds the Basket, then the Seller shall indemnify such Buyer Indemnified Party with respect to the amount of all Losses exceeding the amount of the Basket.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Solar3d, Inc.), Asset Purchase Agreement (Solar3d, Inc.)
Basket. A Buyer Indemnified Party shall not be entitled to make a claim for indemnification for any Losses arising out of Section 9.1 8.1 until the aggregate amount of all claims for Losses which arise out of Section 9.1 8.1 exceeds Ten Thousand Dollars ten thousand dollars ($10,000) (the “"Basket”"). In the event the aggregate amount of such Losses exceeds the Basket, then the Seller shall indemnify such Buyer Indemnified Party with respect to the amount of all Losses exceeding the amount of the Basket.
Appears in 2 contracts
Sources: Merger Agreement (Transnational Group, Inc.), Merger Agreement (Cloudcommerce, Inc.)
Basket. A Buyer Indemnified Party shall not be entitled to make a claim for indemnification for any Losses arising out of Section 9.1 7.1 until the aggregate amount of all claims for Losses which arise out of Section 9.1 7.1 exceeds Ten Thousand Dollars ten thousand dollars ($10,000) (the “Basket”). In the event the aggregate amount of such Losses exceeds the Basket, then the Seller shall indemnify such Buyer Indemnified Party with respect to the amount of all Losses exceeding the amount of the Basket.
Appears in 1 contract
Basket. A Buyer Indemnified Party shall not be entitled to make a claim for indemnification for any Losses arising out of Section 9.1 until the aggregate amount of all claims for Losses which arise out of Section 9.1 exceeds Ten Thousand Dollars ten thousand dollars ($10,000) (the “"Basket”"). In the event the aggregate amount of such Losses exceeds the Basket, then the Seller shall indemnify such Buyer Indemnified Party with respect to the amount of all Losses exceeding the amount of the Basket.
Appears in 1 contract
Sources: Merger Agreement (Warp 9, Inc.)
Basket. A Buyer Indemnified Party shall not be entitled to make a claim for indemnification for any Losses arising out of Section 9.1 7.1 until the aggregate amount of all claims for Losses which arise out of Section 9.1 7.1 exceeds Ten Thousand Dollars two hundred thousand dollars ($10,000200,000) (the “Basket”). In the event the aggregate amount of such Losses exceeds the Basket, then the Seller Sellers shall indemnify such Buyer Indemnified Party with respect to the amount of all Losses exceeding the amount of the Basket.
Appears in 1 contract
Basket. A Buyer Indemnified Party shall not be entitled to make a claim for indemnification for any Losses arising out of Section 9.1 until the aggregate amount of all claims for Losses which arise out of Section 9.1 exceeds Ten Thousand Dollars ten thousand dollars ($10,000) (the “Basket”). In the event the aggregate amount of such Losses exceeds the Basket, then the Seller shall indemnify such Buyer Indemnified Party with respect to the amount of all Losses exceeding including the amount of the Basket.
Appears in 1 contract
Sources: Merger Agreement (Solar3d, Inc.)
Basket. A Buyer Indemnified Party shall not be entitled to make a claim for indemnification for any Losses arising out of Section 9.1 until the aggregate amount of all claims for Losses which arise out of Section 9.1 exceeds Ten Thousand Dollars fifty thousand dollars ($10,00050,000) (the “Basket”). In the event the aggregate amount of such Losses exceeds the Basket, then the Seller shall indemnify such Buyer Indemnified Party with respect to the amount of all Losses exceeding the amount of the Basket.
Appears in 1 contract
Sources: Merger Agreement (Freeze Tag, Inc.)
Basket. A Buyer Indemnified Party shall not be entitled to make a claim for indemnification for any Losses arising out of Section 9.1 until the aggregate amount of all claims for Losses which arise out of Section 9.1 exceeds Ten Thousand Dollars ten thousand dollars ($10,000) (the “Basket”). In the event the aggregate amount of such Losses exceeds the Basket, then the Seller shall indemnify such Buyer Indemnified Party with respect to the amount of all Losses exceeding the amount of the Basket.
Appears in 1 contract
Basket. A Buyer Indemnified Party shall not be entitled to make a claim for indemnification for any Losses arising out of under Section 9.1 10.1 until the aggregate amount of all claims for Losses which arise out of under Section 9.1 10.1 exceeds Ten Thousand Dollars ten thousand dollars ($10,000) (the “Basket”). In the event the aggregate amount of such Losses exceeds the Basket, then the Seller shall indemnify such Buyer Indemnified Party with respect to the amount of all Losses exceeding the amount of the Basket.
Appears in 1 contract