Common use of Initial Threshold Clause in Contracts

Initial Threshold. Neither the Sellers, Sanc▇▇▇ ▇▇▇ Huiz▇▇▇▇ ▇▇▇er the terms of paragraph 13.1 nor the Purchasers under the terms of paragraph 13.2 shall be obligated to indemnify any other party except to the extent that the cumulative amount of all indemnifiable losses exceeds Twenty-Five Thousand Dollars ($25,000.00) (the "Threshold"), which excess amount shall be recoverable in accordance with the terms of