Common use of Claims Basket Clause in Contracts

Claims Basket. Subject to subparagraph d. below, Seller and Principals ------------- shall not be responsible for any Losses arising under this Paragraph for which Purchaser would otherwise be entitled to indemnification hereunder unless and until the aggregate of such Losses exceeds $50,000, and then only to the extent of such excess.

Appears in 1 contract

Sources: Asset Purchase Agreement (Afc Enterprises Inc)

Claims Basket. Subject to subparagraph d. below, Seller and Principals ------------- Purchaser shall not ------------- be responsible for any Losses arising under this Paragraph for which Purchaser Seller and Principals would otherwise be entitled to indemnification hereunder unless and until the aggregate of such Losses exceeds exceed $50,000, and then only to the extent of such excess.

Appears in 1 contract

Sources: Asset Purchase Agreement (Afc Enterprises Inc)