Damages definition
Examples of Damages in a sentence
Each Indemnifying Party is only liable for Damages if the total of such Damages exceeds $7,500 (the “Deductible”).
If the Deductible is met, the Selling Shareholders are only liable for the amount of Damages that exceeds the Deductible.
The Parties agree that the total aggregate liability of each Party in connection with a Slashing event that results in Damages shall be limited to an amount equal to twenty four (24) times the total fees received by the at-fault Party (or Parties) in the calendar month immediately preceding the date of the incident giving rise to the claim for a Slashing event (the “Slashing Liability Limit”).
The parties intend that the payment of the Liquidated Damages Amount constitutes compensation, and not a penalty.
Except to the extent specifically set forth in this Agreement, the recourse of any Buyer Indemnitee for any and all Damages relating to or arising from Tax matters, will be controlled by this section rather than Section 9.