Common use of Limitations Regarding Indemnification Clause in Contracts

Limitations Regarding Indemnification. (a) No claims may be made against the Sponsor for indemnification pursuant to (i) Section 3.1(a) unless and until the aggregate dollar amount of the Known Remediation Losses suffered or incurred by the Partnership Group exceeds $67 million, and the Sponsor shall have no liability in respect of the first $67 million of Known Remediation Losses and (ii) Section 3.1(b) unless and until the aggregate dollar amount of the Unknown Remediation Losses suffered or incurred by the Partnership Group exceeds $5 million, and the Sponsor shall have no liability in respect of this first $5 million of Unknown Remediation Losses.

Appears in 6 contracts

Samples: Omnibus Agreement, Omnibus Agreement, Omnibus Agreement (SunCoke Energy, Inc.)

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Limitations Regarding Indemnification. (a) No claims may be made against the Sponsor for indemnification pursuant to (i) Section 3.1(a) unless and until the aggregate dollar amount of the Known Remediation Losses suffered or incurred by the Partnership Group exceeds $67 [ ] million, and the Sponsor shall have no liability in respect of the first $67 $ [ ] million of Known Remediation Losses and (ii) Section 3.1(b) unless and until the aggregate dollar amount of the Unknown Remediation Losses suffered or incurred by the Partnership Group exceeds $5 [5] million, and the Sponsor shall have no liability in respect of this first $5 [5] million of Unknown Remediation Losses.

Appears in 1 contract

Samples: Omnibus Agreement (SunCoke Energy Partners, L.P.)

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