Common use of Seller’s Basket Clause in Contracts

Seller’s Basket. Subject to the exceptions set forth in subsection (d)(ii) of this Section 6.2, no indemnification shall be payable with respect to Representation and Warranty Losses except to the extent the cumulative amount of all Representation and Warranty Losses under Sections 6.1(b) exceeds Three Hundred Ninety-Five Thousand and Six Hundred dollars ($395,600.00) in the aggregate (the “Seller’s Basket”), whereupon the total amount of such Representation and Warranty Losses shall be recoverable in accordance with the terms hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mac-Gray Corp)

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Seller’s Basket. Subject to the exceptions set forth in subsection (d)(ii) of this Section 6.27.2, no indemnification shall be payable with respect to Representation and Warranty Losses except to the extent the cumulative amount of all Representation and Warranty Losses under Sections 6.1(bSection 7.1(b) exceeds Three Hundred Ninety-Five Thousand and Six Hundred nine hundred thousand dollars ($395,600.00900,000.00) in the aggregate (the “Seller’s Basket”"SELLER'S BASKET"), whereupon the total amount of such Representation and Warranty Losses shall be recoverable in accordance with the terms hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mac-Gray Corp)

Seller’s Basket. Subject to the exceptions set forth in subsection (d)(ii) of this Section 6.27.2, no indemnification shall be payable with respect to Representation and Warranty Losses except to the extent the cumulative amount of all Representation and Warranty Losses under Sections 6.1(bSection 7.1(b) exceeds Three Hundred Ninety-Five Thousand and Six Hundred three hundred fifty thousand dollars ($395,600.00350,000) in the aggregate (the “Seller’s Basket”), whereupon the total amount of such Representation and Warranty Losses shall be recoverable in accordance with the terms hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mac-Gray Corp)

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Seller’s Basket. Subject to the exceptions set forth in subsection (d)(ii) of this Section 6.2, no indemnification shall be payable with respect to Representation and Warranty Losses except to the extent the cumulative amount of all Representation and Warranty Losses under Sections 6.1(b) exceeds Three Hundred Ninety-Five Thirty Four Thousand and Six Four Hundred dollars ($395,600.0034,400.00) in the aggregate (the “Seller’s Basket”), whereupon the total amount of such Representation and Warranty Losses shall be recoverable in accordance with the terms hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mac-Gray Corp)

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