Threshold for Indemnification Sample Clauses

Threshold for Indemnification. Neither Buyer nor Seller shall be required to indemnify the other pursuant to this Section 6.4 until the aggregate amount required to be paid thereunder exceeds Twenty-five Thousand Dollars, in which case the Indemnifying Party shall then be required to so indemnify the indemnified party for any and all Damages exceeding $25,000.
AutoNDA by SimpleDocs
Threshold for Indemnification. Except (A) in the case of Fraud, and (B) with respect to breaches of Fundamental Representations, the Buyer Indemnified Persons shall not have the right to be indemnified under Section 7.1(a)(i) unless and until the Buyer Indemnified Persons (or any of them) have incurred on a cumulative basis aggregate Buyer Losses in an amount exceeding US$100,000 (the “Threshold”), at which point the Buyer Indemnified Persons’ right to be indemnified shall apply from the first dollar.
Threshold for Indemnification. Sections 5.1 and 5.2 hereof shall only apply with respect to Claim(s) individually or in the aggregate in excess of $5,000.
Threshold for Indemnification. Notwithstanding anything ------------------------------- herein to the contrary, neither the Seller Parties nor Buyer shall have any obligation to indemnify, defend and/or hold any Person harmless from or against any Claims arising out of, resulting from or related to (x) any misrepresentation or inaccuracy of any representation or warranty made by such party in this Agreement, or in any other agreement, instrument or certificate delivered in connection herewith, (y) any warranty claim in excess of the warranty reserve as reflected on the Final Settlement Statement, or (z) any breach, default or nonperformance by such party of any agreement, covenant or obligation contained in Article 10, unless and until the aggregate damage or loss actually incurred by such party in connection with all such Claims exceeds $300,000.00, in which case the indemnity hereunder shall apply to such Claims and any individual future Claim or Claims incurred by the members of Buyer or Seller, as the case may be. The foregoing threshold limitation shall not apply to any breach with respect to the Final Settlement Statement adjustment under Section 9.1 or the Receivables adjustment under Section 9.2. hereof.
Threshold for Indemnification. (i) Sellers shall not be required to indemnify Buyer or Able Telcom pursuant to Section 8.4(a)(i) unless Buyer provides written notice to Sellers of the nature of indemnification being sought and a reasonable time (not to exceed 60 days) to cure such default and (ii) in cases where Buyer or Able Telcom seeks indemnification pursuant to Section 8.4(a)(i), except to the extent that the aggregate amount required to be paid thereunder exceeds $25,000, in which case Seller shall then be required to indemnify Buyer and Able Telcom for any and all damages exceeding $25,000; and
Threshold for Indemnification. No Losses shall be subject to the indemnification pursuant to Clauses 10.1.1, 10.1.2, or 10.2 unless:
Threshold for Indemnification. Cannon and the Shareholders shall have no indemnification obligation fxx Xxxses under this Article VIII until and only to the extent that aggregate and accumulated Losses exceed One Hundred Thousand Dollars ($100,000), except in the case of fraud.
AutoNDA by SimpleDocs
Threshold for Indemnification. Notwithstanding anything to the contrary contained in this Article III, no indemnification shall be required to be made by any party until the aggregate amount of all such claims by the indemnified party exceeds $10,000. Once such aggregate amount exceeds $10,000, the indemnified party shall thereupon be entitled to indemnification for all amounts of such claims.
Threshold for Indemnification. No claim by Parent against the Company Stockholders for indemnification pursuant to this Article VIII with respect to any item of Damages arising out of, relating or attributable to any inaccuracy in any representation or breach of warranty by the Company shall be made, unless such item, together with the aggregate of all prior Damages of Parent, shall exceed $100,000 (the "Threshold Amount") in which event Parent shall be entitled, subject to the provisions of this Article VIII to make a claim for indemnification hereunder to the extent or any and all of such Damages.
Threshold for Indemnification. Notwithstanding any thing to the contrary set forth herein, the Purchasers' Indemnitee shall not make a claim against Sellers for indemnification pursuant to SECTION 8.2 for Purchasers' Damages unless and until the aggregate amount of such Purchasers' Damages exceeds Twenty-Five Thousand Dollars ($25,000), in which event the Purchasers' Indemnitee may claim indemnification for all such Purchasers' Damages, including the initial $25,000; provided, however, that the foregoing limitation shall not apply to any matters referred to in clauses (a)(ii), (iv), (vi) and (vii) of SECTION 8.2.
Time is Money Join Law Insider Premium to draft better contracts faster.