Common use of Quantum limits Clause in Contracts

Quantum limits. The indemnification obligation of the Seller, as set out in this Clause, shall be limited to a maximum aggregate amount equivalent to 100% of the Purchase Price, provided that in no event the Seller shall indemnify the Purchaser above the amount of the Purchase Price paid up by the Purchaser pursuant to Clause 3, unless fraud, gross negligence or wilful misconduct applies.

Appears in 4 contracts

Samples: Agreement (Mountain & Co. I Acquisition Corp.), Shares Sale and Purchase Agreement (Mountain & Co. I Acquisition Corp.), Agreement (Mountain & Co. I Acquisition Corp.)

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