Common use of Minimum Claim Clause in Contracts

Minimum Claim. Neither Seller shall be required to indemnify the Purchaser with respect to (i) any Loss of less than $25,000 for any single event or occurrence or (ii) any other Loss that would otherwise be indemnifiable under Section 7.1(a) unless and until the total amount of such other Losses under such Section 7.1(a) exceeds $2,000,000, after which the Sellers shall have the obligation to indemnify for the full amount of any such Losses that exceed such limitation (subject to the limitations set forth in Section 7.4.1).