LIMITATION UPON INDEMNITY. (a) Neither the Stockholders nor PalEx shall be entitled to indemnification from the other under the provisions of this Article VIII until such time as the claims subject to indemnification by such party exceed, in the aggregate, Three Hundred Sixty Thousand Dollars ($360,000) (the "Indemnity Deductible").
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization and Merger (Palex Inc), Agreement and Plan of Reorganization and Merger (Palex Inc), Agreement and Plan of Reorganization and Merger (Palex Inc)
LIMITATION UPON INDEMNITY. (a) Neither the Stockholders Stockholder nor PalEx shall be entitled to indemnification from the other under the provisions of this Article VIII until such time as the claims subject to indemnification by such party exceed, in the aggregate, Three Hundred Sixty Forty-Eight Thousand Dollars ($360,00048,000) (the "Indemnity Deductible").
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization and Merger (Palex Inc), Agreement and Plan of Reorganization and Merger (Palex Inc)
