Common use of De Minimis, Threshold and Cap Clause in Contracts

De Minimis, Threshold and Cap. 3.1 In relation to Pre-Close Non-compliance, Pre-Close Contamination and Occupational Exposure Issues, the Seller is not liable in respect of each and any Covenant Claim unless and until the amount of the liability of the Seller in respect of that Covenant Claim would exceed EUR 100,000 (one hundred thousand euros) (but for this paragraph 3.1), in which case the Purchaser shall be entitled to recover the full amount of such Covenant Claim and not only the excess over that sum.

Appears in 4 contracts

Samples: Share and Asset Purchase Agreement (Huntsman International LLC), Share and Asset Purchase Agreement (Innospec Inc.), Share and Asset Purchase Agreement (Innospec Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.