Limitation Regarding Indemnification. The aggregate liability of Seadrill under Section 6.1(a) above shall not exceed $10,000,000. Furthermore, no claim may be made against Seadrill for indemnification pursuant to Section 6.1(a), unless the aggregate dollar amount of all claims for indemnification pursuant to such section shall exceed $500,000, in which case Seadrill shall be liable for claims for indemnification only to the extent such aggregate amount exceeds $500,000.
Limitation Regarding Indemnification. The aggregate liability of Höegh under Section 7.1(a) will not exceed $5,000,000. Furthermore, no claim may be made against Höegh for indemnification pursuant to Section 7.1(a), unless the aggregate dollar amount of all claims for indemnification pursuant to such section exceeds $500,000, in which case Höegh shall be liable for claims for indemnification only to the extent such aggregate amount exceeds $500,000.
Limitation Regarding Indemnification. The aggregate liability of KNOT under Section 13.1(a) above shall not exceed $5,000,000. Furthermore, no claim may be made against KNOT for indemnification pursuant to Section 13.1(a), unless the aggregate dollar amount of all claims for indemnification pursuant to such section shall exceed $500,000, in which case KNOT shall be liable for claims for indemnification only to the extent such aggregate amount exceeds $500,000.
Limitation Regarding Indemnification. (a) The aggregate liability of the Seller under Section 14.01(d) above shall not exceed $5,000,000. Furthermore, no claim may be made against the Seller for indemnification pursuant to Section 14.01(d), unless the aggregate dollar amount of all claims for indemnification pursuant to such section shall exceed $500,000, in which case the Seller shall be liable for claims for indemnification only to the extent such aggregate amount exceeds $500,000. The limitations set forth in this Section 14.02 shall also apply to any claim under Section 14.01(a)(i) to the extent related to environmental or health and human safety matters.
Limitation Regarding Indemnification. (a) The aggregate liability of Teekay under Section 6.1(a) above shall not exceed $10 million. Furthermore, no claim may be made against Teekay for indemnification pursuant to Section 6.1(a) unless the aggregate dollar amount of all claims for indemnification pursuant to such section shall exceed $500,000, in which case Teekay shall be liable for claims for indemnification only to the extent such aggregate amount exceeds $500,000.
Limitation Regarding Indemnification. (a) The aggregate liability of Transocean under Section 7.1(a) above shall not exceed $10,000,000. Furthermore, no claim may be made against Transocean for indemnification pursuant to Section 7.1(a), unless the aggregate dollar amount of all claims for indemnification pursuant to such section shall exceed $500,000, in which case Transocean shall be liable for claims for indemnification only to the extent such aggregate amount exceeds $500,000. Any claims for indemnification pursuant to Section 7.1(a) contained on Schedule 7.3 are not subject to the limitations in this Section 7.3(a).
Limitation Regarding Indemnification. The aggregate liability of CMRE under Section 8.1(a) above shall not exceed $5,000,000 for all relevant containership vessels. Furthermore, no claim may be made against CMRE for indemnification pursuant to Section 8.1(a), unless the aggregate dollar amount of all claims for indemnification pursuant to such section shall exceed $500,000, in which case CMRE shall be liable for claims for indemnification only to the extent such aggregate amount exceeds $500,000.
Limitation Regarding Indemnification. (a) The aggregate liability of Teekay under Section 7.1(a) above in connection with the LNG Partnership Group and the LNG Contribution Assets shall not exceed $10 million. Furthermore, no claim may be made against Teekay for indemnification pursuant to Section 7.1(a) in connection with the LNG Partnership Group and the LNG Contribution Assets unless the aggregate dollar amount of all claims for indemnification by the LNG Partnership Group pursuant to such section shall exceed $500,000, in which case Teekay shall be liable for claims for indemnification only to the extent such aggregate amount exceeds $500,000.
Limitation Regarding Indemnification. The aggregate liability of Golar LNG under Section 8.1(a) above shall not exceed $5,000,000. Furthermore, no claim may be made against Golar LNG for indemnification pursuant to Section 8.1(a), unless the aggregate dollar amount of all claims for indemnification pursuant to such section shall exceed $500,000, in which case Golar LNG shall be liable for claims for indemnification only to the extent such aggregate amount exceeds $500,000.
Limitation Regarding Indemnification. The aggregate liability of OSG under Section 6.01(a) above shall not exceed $10,000,000. Furthermore, no claim may be made against OSG for indemnification pursuant to Section 6.01(a) unless the aggregate dollar amount of all claims for indemnification pursuant to such section shall exceed $500,000, in which case OSG shall be liable for claims for indemnification only to the extent such aggregate amount exceeds $500,000. Notwithstanding the foregoing, in the case any Covered Environmental Losses relating to the December 19, 2006 Plea Agreement between OSG and the United States, the limitations on liability contained in this Section 6.02 shall not apply to OSG’s indemnification obligations under Section 6.01(a) above for criminal fines, special assessments or community service payments set forth in Paragraphs 6 and 9 of such Plea Agreement.
