Examples of Basket Amount in a sentence
Notwithstanding any other provision of this Agreement, this representation and warranty shall survive the Closing Date without limitation and shall not be subject to the Basket Amount contained in Section 12.4.1 or the limitations of Section 12.4.2. 15.3.
Once the total amount of such Damages exceeds the Basket Amount, then the Indemnitees shall be entitled to be indemnified against and compensated and reimbursed for any Damages, in excess of the Basket Amount.
Without prejudice to Clause 10.3 below, there will be no minimum amount for any individual Claim (or a series of Claims arising from substantially identical facts or circumstances) to be considered eligible for the purpose of the calculation of the Minimum Basket Amount, as set forth in Clause 10.3.1 below.
For purposes of clarity, in no event shall the Basket Amount or Rep Indemnity Cap limit any party’s rights or obligations under any of the Collateral Agreements.
Buyer shall not be liable to the Seller Indemnified Parties in respect of any indemnification under Section 12.3(c) or Section 12.3(d) (with respect to breaches of covenants set forth in Section 7.2) except to the extent that the aggregate Losses of the Seller Indemnified Parties under such Sections exceed the Basket Amount, and then Seller Indemnified Parties shall only be entitled to assert claims for Losses in excess of the Basket Amount.