Common use of Minimum Claims Clause in Contracts

Minimum Claims. 2.1 Save for any claim in relation to Fundamental Warranties or Taxation matters, the Vendors shall not be liable under this Agreement in respect of any individual claim (or a series of claims arising from substantially identical facts or circumstances) where the liability agreed or determined in respect of any such claim or series of claims does not exceed S$100,000. 2.2 The Vendors shall not be liable for any claim under this Agreement unless and until the aggregate amount of losses which may be recovered by the Purchaser and/or YY Group equals or exceeds S$200,000 (the “Basket”), in which case the Vendors shall be liable for the aggregate amount of losses including the amount of the Basket, provided that the aggregate amount which may be recovered from the Vendors shall not exceed S$650,000.