Indemnification Limit definition
Examples of Indemnification Limit in a sentence
The maximum aggregate liability of Purchaser for indemnification under this Article VI for any of the matters set forth in Section 6.2(b)(i) shall not exceed the Indemnification Limit; provided, however, that that neither the Liability Threshold nor the Indemnification Limit shall apply with respect to any claim described in Sections 6.2(b)(ii) – 6.2(b)(iv).
In no event shall JWCFS be liable under this Agreement, including Section 9.3, for any amount in excess of the Indemnification Limit.
Anything to the contrary notwithstanding, the Seller and Shareholder shall have no liability for indemnification to the extent that the aggregate amount of all Losses with respect to such matters exceeds one-third (1/3) of the Purchase Price (the "Indemnification Limit").
Upon the receipt of any such tax ▇▇▇▇ due and owing by Innovo, as a result of such matters, Innovo shall submit said tax ▇▇▇▇ to the Series A Stockholders and the Series A Stockholders shall provide for payment of such ▇▇▇▇ up to the Maximum Tax Indemnification Limit.
At such time as the aggregate amount of Losses which are subject to the Indemnification Limit exceed the Indemnification Limit and have been paid or settled (subject to being paid), the indemnifying party shall no longer have the right to control or defend any indemnification claims.