Common use of Maximum Claims Clause in Contracts

Maximum Claims. 1.4.1 in respect of a claim for breach of any of the Title and Capacity Warranties, to the extent that the total aggregate amount of the liability of the relevant Seller against whom the claim has been made for all claims made against him/her/it under this Agreement (including for breach of Warranty) would exceed (in the case of each Non-Employee Seller) the total Non-Employee Seller Cash Consideration received by him/her/it in respect of his/her/its Shares or (in the case of each Employee Seller) the total Employee Seller Cash Consideration received by him/her/it in respect of his/her/its Shares; 1.4.2 in respect of a claim for breach of any of the Management Warranties, without prejudice to the final two sentences of this paragraph 1.4.2, to the extent that the total aggregate amount of the liability of the relevant Warrantor in respect of all claims made against him/her for breaches of the Management Warranties would exceed the amount set out against his/her name below: (i) MEA ▇▇▇▇▇▇▇▇▇ $ 985,978 (ii) CNR ▇▇▇▇▇ $1,050,777 (iii) ND ▇▇▇▇▇▇▇ $ 282,833

Appears in 2 contracts

Sources: Share Sale Agreement (Validus Holdings LTD), Share Sale Agreement (Validus Holdings LTD)