Common use of Certain Limitations on Indemnification Obligations Clause in Contracts

Certain Limitations on Indemnification Obligations. (a) Except as otherwise expressly provided in this Section 11, the Purchaser Parties and Seller Parties shall not be entitled to receive any indemnification payments under Section 11.1 or 11.2 in connection with the inaccuracy in or breach of any representation or warranty, until the aggregate amount of Losses incurred by the Purchaser Parties or Seller Parties, as the case may be, exceed One Hundred Thousand Dollars ($100,000) (the “Basket Amount”), and Sellers or the Purchaser (as applicable) shall only be liable for the amount of all such Losses that exceeds the Basket Amount.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Analex Corp), Stock Purchase Agreement (Analex Corp)

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Certain Limitations on Indemnification Obligations. (a) Except as otherwise expressly provided in this Section 11, the Purchaser Parties and Seller Parties shall not be entitled to receive any indemnification payments under Section 11.1 or 11.2 in connection with the inaccuracy in or breach of any representation or warranty, until the aggregate amount of Losses incurred by the Purchaser Parties or Seller Parties, as the case may be, exceed One Three Hundred Thousand Dollars ($100,000300,000) (the “Basket Deductible Amount”), and thereafter, the Sellers or the Purchaser (and Parent, as applicable) the case may be, shall only be liable for Losses greater than the amount of all such Losses that exceeds the Basket Deductible Amount.

Appears in 1 contract

Samples: Equity Purchase Agreement (Sra International Inc)

Certain Limitations on Indemnification Obligations. (a) Except as otherwise expressly provided in this Section 11, the Purchaser Parties and Seller Parties shall not be entitled to receive any indemnification payments under Section 11.1 or 11.2 11.2, as the case may be, in connection with the inaccuracy in or breach of any representation or warranty, until the aggregate amount of Losses incurred by the Purchaser Parties or Seller Parties, as the case may be, exceed One Three Hundred Twenty-Five Thousand Dollars ($100,000325,000) (the “Basket Amount”), and then the Sellers or the Purchaser (as applicable) shall only be liable for the amount of all such Losses that exceeds in excess of the Basket Amount.

Appears in 1 contract

Samples: Stock Purchase Agreement (NCI, Inc.)

Certain Limitations on Indemnification Obligations. (a) Except as otherwise expressly provided in this Section 11, the Purchaser Parties and Seller Parties shall not be entitled to receive any indemnification payments under Section 11.1 or 11.2 in connection with the inaccuracy in or breach of any representation or warranty, until the aggregate amount of Losses incurred by the Purchaser Parties or Seller Parties, as the case may be, exceed One Three Hundred Thousand Dollars ($100,000300,000) (the “Basket Amount”), but if such Losses exceed the Basket Amount, Sellers and Sellers or Former Option Holders, on the Purchaser one hand, and the Purchaser, on the other hand (as applicable) shall only be liable for the entire amount of all of such Losses that exceeds the Basket AmountLosses.

Appears in 1 contract

Samples: Stock Purchase Agreement (Sra International Inc)

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Certain Limitations on Indemnification Obligations. (a) Except as otherwise expressly provided in this Section 1110, the Purchaser Parties and Seller Parties shall not be entitled to receive any indemnification payments under Section 11.1 10.1 or 11.2 10.2 in connection with the inaccuracy in or breach of any representation or warranty, until the aggregate amount of Losses incurred by the Purchaser Parties or Seller Parties, as the case may be, exceed One Hundred Fifty Thousand Dollars ($100,00050,000) (the “Basket Amount”), and Sellers or the Purchaser (as applicable) shall then only be liable for the amount amounts of all such Losses that exceeds in excess of the Basket Amount.

Appears in 1 contract

Samples: Equity Purchase Agreement (ARGON ST, Inc.)

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