Indemnity Threshold definition

Indemnity Threshold has the meaning set forth in Section 9.3.

Indemnity Threshold shall have the meaning set forth in Section 9.6(b).

Indemnity Threshold has the meaning set forth in Section 6.3(a)(i).

Examples of Indemnity Threshold in a sentence

• For claims for indemnity with respect to which the Indemnity Threshold applies, such claim shall be deemed to have been made (subject to the application of the Indemnity Threshold, the Indemnity Deductible, the 10.2(a) Indemnity Cap and the Aggregate Indemnity Cap) upon the indemnified person’s providing an initial notice for a claim of indemnity to the indemnifying party stating that the claim underlying such claim for indemnity could reasonably be expected to exceed the Indemnity Threshold.

• For Indemnity Claims with respect to which the Individual Indemnity Threshold in Section 4.4 applies, an Indemnity Claim shall be deemed to have been made (subject to the provisions of Section 4.4) upon the indemnified Person’s providing an initial Indemnity Claim Notice to the indemnifying Party stating that the Claim underlying the Indemnity Claim could reasonably be expected to exceed the Individual Indemnity Threshold.

• For claims for indemnity with respect to which the Indemnity Threshold applies, such claim shall be deemed to have been made (subject to the application of the Indemnity Threshold, the Indemnity Deductible and the Indemnity Cap) upon the indemnified party’s providing an initial notice for a claim of indemnity to the indemnifying party.

• PROTEC and the PROTEC Members shall not have any liability or obligation to PAYM, Xxxxxxxxx or the PAYM Representatives under Section 8.02(b) unless and until the amount of Losses accrued thereunder is equal to or greater than $50,000 (the “Indemnity Threshold”), in which even PROTEC and the PROTEC Members shall only be required to pay or be liable for all such Losses above the Indemnity Threshold.

• At such time as the total aggregate amount payable by Buyer or Seller, as the case may be, exceeds the Indemnity Threshold, the applicable indemnitee(s) shall be entitled to be indemnified against the full amount of all damages that have been incurred or suffered by such indemnitee(s) in connection with the transactions contemplated by this Agreement (and not merely the portion of such damages exceeding the Indemnity Threshold).

More Definitions of Indemnity Threshold

Indemnity Threshold has the meaning set forth in Section 11.1.

Indemnity Threshold has the meaning set forth in Section 7.2.

Indemnity Threshold shall have the meaning set forth in Section 8.5(a).

Indemnity Threshold is defined in Section 8.4(a).

Indemnity Threshold means an amount equal to One Hundred Thousand Dollars ($100,000.00).

Indemnity Threshold is defined in Section 10.4(a).

Indemnity Threshold has the meaning set forth in §6.3(e).