Common use of Indemnification Cap Clause in Contracts

Indemnification Cap. No Party can recover under paragraph 7 an amount in excess of Twenty-Five Thousand Dollars ($25,000). The foregoing limitation shall not apply to recovery for a breach under paragraphs 3 and 4 of this Agreement, fraud, misrepresentation, or any intentional or willful misconduct or omission by a Party.

Appears in 2 contracts

Sources: Membership Interest Purchase Agreement (PayMeOn, Inc.), Membership Interest Purchase Agreement (PayMeOn, Inc.)

Indemnification Cap. No Party party can recover under paragraph 7 paragraphs 7.1 or 7.2 an amount in excess of Twenty-Five Ten Thousand Dollars ($25,00010,000). The foregoing limitation shall not apply to recovery for a breach under paragraphs 3 breaches of the Representations and 4 Warranties of this AgreementOrganization, fraudExistence, misrepresentationGood Standing, or any intentional or willful misconduct or omission by a PartyPower and Authority, and Enforceability.

Appears in 2 contracts

Sources: Membership Interest Purchase Agreement (PayMeOn, Inc.), Membership Interest Purchase Agreement (PayMeOn, Inc.)