Damages definition
Examples of Damages in a sentence
For purposes of determining breach of a representation and warranty and the amount of indemnification Damages, each representation or warranty contained in this Agreement shall be read without giving effect to any materiality or Material Adverse Effect or Material Adverse Change standard or qualification.
The Company shall reimburse the Investor and each such Investor Indemnified Person promptly as Indemnified Damages are incurred and are due and payable, including reasonable legal fees, disbursements and other expenses incurred by an Investor Indemnified Person in connection with investigating or defending any such Claim.
Neither Party shall be liable under this Section 8.2 for any Damages until the amount otherwise due the indemnified Party exceeds $250,000 in the aggregate (the “Deductible Amount”), in which case the indemnifying Party will be liable to the indemnified Party for the amount such Claims exceed the Deductible Amount.
A Party making a claim for indemnification (a “Claim”) shall give written notice (a “Claim Notice”) to the indemnifying Party as soon as practicable after becoming aware of any fact, condition or event which may give rise to indemnifiable Damages.
In all cases, the Damages Contribution Amount shall equal the Damages paid by the WHP Member or the Parent Guarantor in respect of the Guaranteed Obligations; provided, that, in no event shall the Damages Contribution Amount exceed the Indirect Contribution Amount.