Common use of Minimum Claims Clause in Contracts

Minimum Claims. (i) The Seller shall not be liable under this Agreement in respect of any individual claim (or a series of claims arising from substantially the same facts or circumstances) where the liability agreed or determined (disregarding the provisions of this paragraph 2.2) in respect of any such claim or series of claims does not exceed US$1 million. (ii) Where the liability agreed or determined in respect of any such claim or series of claims exceeds US$1 million, the liability of the Seller shall be the whole amount agreed or determined and not just the excess.

Minimum Claims. (i) 9.2.1 The Seller shall not be liable under this Agreement in respect of any individual claim (or a series of claims arising from substantially the same identical facts or circumstances) where the liability agreed or determined (disregarding the provisions of this paragraph 2.2Clause 9.2) in respect of any such claim or series of claims does not exceed US$1 millionHK$5,000,000. (ii) 9.2.2 Where the liability agreed or determined in respect of any such claim or series of claims exceeds US$1 millionHK$5,000,000, the liability of the Seller shall be for the whole amount agreed or determined of liability and not just only the excess.

Minimum Claims. (i) The Seller shall not be liable under this Agreement in respect of any individual claim (or a series of claims arising from substantially the same identical facts or circumstances) under the Seller’s Warranties where the liability agreed or determined (disregarding the provisions of this paragraph 2.2) in respect of any such claim or series of claims does not exceed US$1 million. (ii) Where the liability agreed or determined in respect of any such claim or series of claims exceeds US$1 milliondoes not exceed USD 250,000, provided that, if such limit is exceeded, the Seller’s liability of the Seller shall be the whole entire amount agreed or determined and not just the excessthereof.