Common use of Indemnification Basket Clause in Contracts

Indemnification Basket. Notwithstanding anything contained herein, neither party shall be entitled to indemnification for any breach of a representation or warranty hereunder unless the aggregate of all amounts to which such party shall be entitled hereunder exceeds Twenty-Five Thousand Dollars ($25,000), in which case such party shall be entitled to an amount by which its damages exceed such amount.

Indemnification Basket. Notwithstanding anything contained herein, neither party shall be entitled to indemnification for any breach of a representation or warranty hereunder unless the aggregate of all amounts to which such party shall be entitled hereunder exceeds Twenty-Five Thousand Dollars ($25,000), in which case such party shall be entitled to an amount by which its damages exceed such amountTwenty-Five Thousand Dollars ($25,000).