Common use of Monetary Limitations Clause in Contracts

Monetary Limitations. (i) Seller Parties will have no obligation to indemnify the Buyer Indemnified Persons pursuant to Section 7.1(a)(i) of this Agreement (except with respect to the Seller Fundamental Representations and the representations and warranties set forth in Section 3.15 (Tax Matters)) unless the aggregate amount of all such Losses incurred or suffered by the Buyer Indemnified Persons exceeds the Deductible (at which point, Seller Parties shall, jointly and severally, indemnify and hold harmless the Buyer Indemnified Persons for all such Losses to the extent in excess of such Deductible).

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Assisted 4 Living, Inc.), Membership Interest Purchase Agreement (Assisted 4 Living, Inc.)

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Monetary Limitations. (i) Seller Parties will No claim may be made by the Buyer Indemnified Persons, and the Sellers shall not have no any obligation to indemnify the any Buyer Indemnified Persons Person, pursuant to Section 7.1(a)(i8.01(a)(i) (other than in respect of this Agreement (except with respect to the Seller Fundamental Representations and the representations Tax Representations) in respect of Losses unless and warranties set forth in Section 3.15 (Tax Matters)) unless until the aggregate amount of all such Losses incurred or suffered by the Buyer Indemnified Persons exceeds $1,750,000 (the Deductible “Deductible”) (at which point, Seller Parties shall, jointly and severally, indemnify and hold harmless point the Buyer Indemnified Persons will be indemnified only for all such Losses to the extent in excess of such Deductibleamount). For greater certainty, the limitation in this Section 8.01(b)(i) shall not apply to claims in respect of the Fundamental Representations and the Tax Representations.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pinnacle Foods Inc.)

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Monetary Limitations. (i) Seller Parties will have no obligation to indemnify the Buyer Indemnified Persons pursuant to Section 7.1(a)(i) 0 of this Agreement (except with respect to the Seller Fundamental Representations and the representations and warranties set forth in Section 3.15 0 (Tax Matters)) unless the aggregate amount of all such Losses incurred or suffered by the Buyer Indemnified Persons exceeds the Deductible (at which point, Seller Parties shall, jointly and severally, indemnify and hold harmless the Buyer Indemnified Persons for all such Losses to the extent in excess of such Deductible).

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Assisted 4 Living, Inc.)

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