Indemnification Limitations. Notwithstanding the provisions of Sections 13.1 and 13.2, (a) no party shall be required to indemnify another party with respect to a breach of a representation, warranty or covenant unless the claim for indemnification is brought within the time limit set forth in Section 18.6, (b) no claim may be brought by any party entitled to indemnification under this Article XIII unless and until the aggregate cumulative amount to which such party is entitled equals or exceeds $50,000, and (c) no party shall be obligated to make any indemnification in excess of 50% of the value of the Merger Consideration.
Appears in 8 contracts
Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc)
