Examples of Buyer Indemnified Parties in a sentence
FMHS Indemnified Parties shall not be entitled to recover Losses from Seller under Section 7.1.1 unless and until the aggregate amount of all such Losses for which the Buyer Indemnified Parties are entitled to indemnification exceeds USD$50,000 (the “Basket Amount”), at which point the Buyer Indemnified Parties shall be entitled to indemnification from and against the first dollar of all such Losses, including the Basket Amount.
Seller will have no obligation to indemnify any Buyer Indemnified Parties for any claims under Section 9.1(a) until the aggregate amount of all Damages incurred by the Buyer Indemnified Parties for which a claim is brought under Section 9.1(a) exceeds $50,000 (the “Basket”), after which Seller must indemnify the Buyer Indemnified Parties for all Damages in excess of the Basket.
Solely for the purpose of Section 10.1.C.(e) above, the Buyer Indemnified Parties will waive their attorney-client privilege.