Common use of Minimum Losses Clause in Contracts

Minimum Losses. Except for Losses arising out of, attributable to or resulting from any failure by the Shareholders to comply with Section 1.5, no party shall have any right to obtain indemnification under this Agreement until aggregate Losses of such party and its Affiliates (for purposes of this section the Shareholders shall be deemed to be an Affiliate) and the successors and assigns of such party and its Affiliates exceed $50,000, after which time the aggregate amount of Losses in excess of such amount shall be recoverable in accordance with the terms hereof.

Minimum Losses. Except for Losses arising out of, attributable to or resulting from any failure by the Shareholders Buyer to comply with Section 1.54.6 or 8.2(f) or by Buyer or Seller to comply with Section 1.4, no party shall have any right to obtain indemnification under this Agreement until aggregate ag- gregate Losses of such party and its Affiliates (for purposes of this section the Shareholders Shareholder shall be deemed to be an AffiliateAf- filiate) and the successors and assigns of such party and its Affiliates exceed $50,0003,000,000, after which time the aggregate amount of Losses in excess of such amount shall be recoverable in accordance with the terms hereof.